Shareholder's Equity |
12 Months Ended |
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Mar. 31, 2026 | |
| Equity [Abstract] | |
| Shareholder's Equity | Shareholders’ Equity Share Repurchases In May 2024, the Company announced a share repurchase program for up to $500 million of common stock, which was completed in February 2026. On February 9, 2026, the Company announced a new share repurchase program under which it is authorized to purchase up to $1 billion of its common stock from time to time on the open market or through privately negotiated transactions, including, without limitation, through Rule 10b5-1 trading plans, any other legally permissible means, or any combination of the foregoing. The new share repurchase program has no time limit and does not obligate the Company to acquire any specific dollar amount or to acquire any specific number of shares on any particular timetable or at all. The number of shares to be repurchased will depend on market conditions and other factors. Repurchases under the program are expected to be funded from a combination of existing cash balances and future cash flow. For the years ended March 31, 2026 and 2025, the Company repurchased and retired 11.4 million and 3.4 million shares of its common stock for a total cost, including commissions, of $478.7 million and $172.6 million, respectively. For the year ended March 31, 2026, the Company recognized $1.7 million of excises taxes as part of the cost of shares repurchased, which was also included within “Accrued expenses, current” in the consolidated balance sheets. For the year ended March 31, 2025, the Company was not subject to the 1% excise tax under the Inflation Reduction Act of 2022. As of March 31, 2026, $848.6 million remained available for future repurchases.
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