XML 27 R15.htm IDEA: XBRL DOCUMENT v3.25.0.1
Stockholders' Equity
 9 Months Ended
Dec. 31, 2024
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 December 31, 2024.

On May 6, 2024, the Company's Board of Directors authorized the repurchase of up to $300.0 million of the Company's issued and outstanding common stock. Under the authorization, the Company may purchase common stock 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 U.S. Securities and Exchange Commission.

During the three and nine months ended December 31, 2024 and 2023, we repurchased shares of our common stock and recorded them as treasury stock. Our share repurchases consisted of the following:

Three Months Ended December 31, Nine Months Ended December 31,
2024202320242023
Shares repurchased pursuant to the provisions of the various employee restricted stock awards:
Number of shares— — 83,124 88,953 
Average price per share— $— $70.16$61.92
Total amount repurchased— $— $5.8 million$5.5 million
Shares repurchased in conjunction with our share repurchase program:
Number of shares34,104 — 599,948 426,479 
Average price per share$70.43$— $67.00$58.62
Total amount repurchased$2.4 million$— $40.2 million$25.0 million