TREASURY STOCK |
12 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Equity [Abstract] | |
| TREASURY STOCK | NOTE 14 – 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 1,209,153 shares for $33.6 million during the fiscal year ended March 31, 2024 under the 2017 Share Repurchase Program. At March 31, 2024, there were no shares of common stock that remained available to be purchased 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. The Company repurchased approximately 2.5 million shares for $60.8 million and approximately 1.4 million shares for $25.3 million under this share repurchase program during the fiscal years ended March 31, 2026 and 2025, respectively. At March 31, 2026, approximately 20.5 million 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 approximately 0.7 million shares for $15.9 million, 0.7 million shares for $13.9 million, and 0.7 million shares for $19.4 million related to minimum statutory tax withholding requirements during the fiscal years ended March 31, 2026, 2025 and 2024, respectively. These repurchase transactions do not fall under the repurchase program described above and therefore do not reduce the amount that is available for repurchase under those programs. |