STOCKHOLDERS' EQUITY |
12 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Equity [Abstract] | |
| STOCKHOLDERS' EQUITY | Stockholders' Equity There are two classes of authorized Company common stock: Class A common stock and Class B common stock. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting and conversion rights. Each share of Class A common stock is entitled to one vote per share, and each share of Class B common stock is entitled to ten votes per share. Each share of Class B common stock may be converted into one share of Class A common stock at the option of its holder and will be automatically converted into one share of Class A common stock upon transfer thereof, subject to certain exceptions. All Class B shares are held by the HL Voting Trust. Dividends Previously declared dividends related to unvested shares of $19,084 and $22,790 were unpaid as of March 31, 2026 and 2025, respectively. On April 30, 2026, the Company's board of directors declared a quarterly cash dividend of $0.70 per share of Class A and Class B common stock, payable on June 15, 2026, to shareholders of record on June 1, 2026. Share Repurchases In April 2022, the board of directors authorized an increase to the existing July 2021 share repurchase program, which provides for share repurchases of an aggregate amount of up to $500,000 of the Company's Class A common stock and Class B common stock. As of March 31, 2026, shares with a value of $230,125 remained available for purchase under the program. During the years ended March 31, 2026, 2025, and 2024, the Company repurchased 792,248, 676,572, and 772,794 shares, respectively, of our common stock, to satisfy $142,738, $102,343, and $70,713 of required withholding taxes in connection with the vesting of restricted awards, respectively. During the years ended March 31, 2026, 2025, and 2024, the Company repurchased an additional 977,600, 322,344, and 240,666 shares of its outstanding common stock, respectively, at a weighted average price of $179.42, $161.90, and $103.68 per share, excluding commissions, for an aggregate purchase price of $175,399, $52,189, and $24,952, respectively.
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