EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY |
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| EARNING (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY | 2. EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY: Earnings (Loss) Per Share A reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share is shown below (in thousands, except per share amounts):
(1) The number of common stock options and restricted stock units as computed under the treasury stock method that would have otherwise been dilutive but are excluded from the table above because their effect would have been anti-dilutive due to the net loss position of the Company was 1.8 million for the three months ended June 30, 2024. Stockholders’ Equity On August 14, 2024, the Company's board of directors approved an amendment to the existing common stock repurchase program, which was initially adopted in 2011. The amendment authorized an additional $200.0 million in share repurchases, increasing the total amount authorized for repurchase under the common stock repurchase program to $1.3 billion. In addition, it extended the common stock repurchase program duration through December 31, 2026. During the three months ended June 30, 2025, the Company repurchased 1.1 million shares of its common stock for $29.9 million under the common stock repurchase program. Through June 30, 2025, the Company had repurchased a total of 42.6 million shares of its common stock for $1.1 billion under the program, leaving remaining capacity of $226.3 million. Accumulated other comprehensive income balances of $6.1 million and $4.3 million at June 30, 2025 and March 31, 2025, respectively, reflect accumulated foreign currency translation adjustments.
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