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TREASURY STOCK
3 Months Ended
Jun. 30, 2025
Equity [Abstract]  
TREASURY STOCK
NOTE 15 – TREASURY STOCK
On May 3, 2022, the Company's board of directors approved a 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. 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 June 30, 2025, the Company repurchased 2,737,970 shares for $56.6 million under the 2022 Share Repurchase Program. The Company repurchased 761,249 shares for $15.0 million under this share repurchase program during the three months ended
June 30, 2025. At June 30, 2025, 22,262,030 shares of common stock remained available to be purchased under the current program.
In connection with the delivery of shares of the Company's common stock upon vesting of restricted stock units, the Company withheld 597,115 shares and 617,826 shares at a cost of $13.8 million and $12.2 million, respectively, related to minimum statutory tax withholding requirements on these restricted stock units during the three months ended June 30, 2025 and 2024, respectively. These withholding transactions do not fall under the share repurchase programs described above, and therefore do not reduce the number of shares that are available for repurchase under those programs.