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Stockholders' Equity | 3 Months Ended
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Jun. 30, 2023
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders' Equity We are authorized to issue 250.0 million shares of common stock, $0.01 par value per share, and 5.0 million shares of preferred stock, $0.01 par value per share. The Board of Directors may direct the issuance of the undesignated preferred stock in one or more series and determine preferences, privileges and restrictions thereof. Each share of common stock has the right to one vote on all matters submitted to a vote of stockholders. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, subject to prior rights of holders of all classes of outstanding stock having priority rights as to dividends. No dividends have been declared or paid on our common stock through June 30, 2023. On May 2, 2023, the Company's Board of Directors authorized the repurchase of up to $25.0 million of the Company's issued and outstanding common stock through May 31, 2024 utilizing open market transactions, transactions structured through investment banking institutions, in privately-negotiated transactions, by direct purchases of common stock or a combination of the foregoing in compliance with the applicable rules and regulations of the Securities and Exchange Commission. We completed the repurchase in the first quarter of fiscal 2024. During the three months ended June 30, 2023 and 2022, we repurchased shares of our common stock and recorded them as treasury stock. Our share repurchases consisted of the following:
|  |  | Three Months Ended June 30,
|  |  |  |  | 2023 |  | 2022
Shares repurchased pursuant to the provisions of the various employee restricted stock awards: |  |  |  |  |  |  |
Number of shares |  |  |  |  | 88,953 |  |  | 99,219 |
Average price per share |  |  |  |  | $61.92 |  | $54.94
Total amount repurchased |  |  |  |  | $5.5 million |  | $5.5 million
Shares repurchased in conjunction with our share repurchase program: |  |  |  |  |  |  |
Number of shares |  |  |  |  | 426,479 |  |  | 677,555 |
Average price per share |  |  |  |  | $58.62 |  | $55.68
Total amount repurchased |  |  |  |  | $25.0 million |  | $37.7 million

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