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TREASURY STOCK | 6 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
TREASURY STOCK | TREASURY STOCK On October 24, 2017, the Company's Board of Directors approved a share repurchase program that enabled the Company to repurchase up to twenty-five million shares of its common stock (2017 Share Repurchase Program). Through March 31, 2024, the Company repurchased all of the authorized 25,000,000 shares for $694.1 million in the open market under the 2017 Share Repurchase Program. The Company repurchased 1,117,777 shares for $31.2 million during the six months ended September 30, 2023 under the 2017 Share Repurchase Program. On May 3, 2022, the Company's Board of Directors approved an additional share repurchase program that enables the Company to repurchase up to twenty-five million shares of its common stock (2022 Share Repurchase Program). The 2022 Share Repurchase Program became effective in the third quarter of fiscal year 2024 when the 2017 Share Repurchase Program was completed. The Company is not obligated to acquire any specific amount of common stock within any particular timeframe as a result of the 2022 Share Repurchase Program. Through September 30, 2024, the Company repurchased 1,976,721 shares for $41.6 million under the 2022 Share Repurchase Program. The Company repurchased 1,362,205 shares for $25.3 million under this share repurchase program during the six months ended September 30, 2024. At September 30, 2024, 23,023,279 shares of common stock remained available to be purchased under the current program. In connecti on with the delivery of shares of the Company's common stock upon vesting of restricted stock units, the Company withheld 681,963 shares and 624,941 shares at a cost of $13.5 million and $18.7 million, respectively, related to minimum statutory tax withholding requirements on these restricted stock units during the six months ended September 30, 2024 and 2023, respectively. These withholding transactions do not fall under the share repurchase programs descr ibed above, and therefore do not reduce the number of shares that are available for repurchase under those programs.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
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