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Share Repurchase Program
12 Months Ended
Mar. 31, 2025
Share Repurchase Program [Abstract]  
Share Repurchase Program
21. Share Repurchase Program
 
In August 2018, the Company’s board of directors approved an increase in its share repurchase program from $20,000,000 to $37,000,000 of its common stock. During the year ended March 31, 2025, the Company repurchased 542,134 shares of its common stock for $4,832,000. During the years ended March 31, 2024 and 2023 the Company did not repurchase any shares of its common stock. As of March 31, 2025, $23,577,000 was utilized and $13,423,000 remains available to repurchase shares under the authorized share repurchase program, subject to the limit in the Company’s Credit Facility and Convertible Notes. The Company retired the 1,379,141 shares repurchased under this program through March 31, 2025. The Company’s share repurchase program does not obligate it to acquire any specific number of shares and shares may be repurchased in privately negotiated and/or open market transactions.
During the year ended March 31, 2025, the Company adopted a written trading plan under Rule 10b5-1 of the SEC rule to facilitate share repurchases under its current authorized program. The adoption of a 10b5-1 plan allows the Company the ability to repurchase shares when it would be ordinarily restricted from purchases due to blackout periods or being in possession of material non-public information.