v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Class A Common Stock
Common Stock
Class A Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning of period (in shares) at Mar. 31, 2023     165,872,332        
Beginning of period at Mar. 31, 2023 $ 992,002   $ 1,659 $ (1,859,905) $ 769,460 $ 2,051,455 $ 29,333
Beginning of period (in shares) at Mar. 31, 2023       (34,234,744)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     396,569        
Issuance of common stock 6,925   $ 4   6,921    
Stock options exercised (in shares)     252,382        
Stock options exercised 11,176   $ 2   11,174    
Repurchase of common stock (in shares)   (1,000,000.0)   (1,170,169) [1]      
Repurchase of common stock (112,981) [1] $ (100,100)   $ (112,981) [1]      
Net income 161,388         161,388  
Other comprehensive (loss) income, net of tax 3,358           3,358
Dividends paid (62,482)         (62,482)  
Stock-based compensation expense 17,685       17,685    
End of period (in shares) at Jun. 30, 2023     166,521,283        
End of period at Jun. 30, 2023 $ 1,017,071   $ 1,665 $ (1,972,886) 805,240 2,150,361 32,691
End of period (in shares) at Jun. 30, 2023       (35,404,913)      
Beginning of period (in shares) at Mar. 31, 2024 129,643,123   167,402,268        
Beginning of period at Mar. 31, 2024 $ 1,046,562   $ 1,674 $ (2,277,546) 908,837 2,404,065 9,532
Beginning of period (in shares) at Mar. 31, 2024 (37,759,145)     (37,759,145)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock (in shares)     236,588        
Issuance of common stock $ 8,613   $ 2   8,611    
Stock options exercised (in shares)     66,248        
Stock options exercised 3,029   $ 1   3,028    
Repurchase of common stock (in shares)   (500,000)   (595,585) [2]      
Repurchase of common stock (89,906) [2] $ (78,300)   $ (89,906) [2]      
Net income 165,233         165,233  
Other comprehensive (loss) income, net of tax (2,129)           (2,129)
Dividends paid (67,389)         (67,389)  
Stock-based compensation expense $ 19,928       19,928    
End of period (in shares) at Jun. 30, 2024 129,350,374   167,705,104        
End of period at Jun. 30, 2024 $ 1,083,941   $ 1,677 $ (2,367,452) $ 940,404 $ 2,501,909 $ 7,403
End of period (in shares) at Jun. 30, 2024 (38,354,730)     (38,354,730)      
[1] During the three months ended June 30, 2023, the Company purchased 1.0 million shares of the Company’s Class A Common Stock in a series of open market transactions for $100.1 million. Additionally, the Company repurchased shares for $12.9 million during the three months ended June 30, 2023 to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.
[2] During the three months ended June 30, 2024, the Company purchased 0.5 million shares of the Company’s Class A Common Stock in a series of open market transactions for $78.3 million. Additionally, the Company repurchased shares for $11.6 million during the three months ended June 30, 2024 to cover the minimum statutory taxes on repurchases and restricted stock units that vested on various dates during the period.