Stockholders’ Equity |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stockholders’ Equity | Stockholders’ Equity Stock Repurchase Program. The Board has approved a stock repurchase program which authorizes the Company to repurchase shares of its common stock in the open market or in privately negotiated transactions, subject to market conditions, applicable legal requirements, and other factors (collectively, the stock repurchase program). The Board last approved an authorization of $2,250,000 on May 21, 2025, to repurchase shares of the Company’s common stock under the same conditions as the prior stock repurchase program. As of March 31, 2026, the aggregate remaining approved amount under the stock repurchase program is $1,549,602. The stock repurchase program does not obligate the Company to acquire any amount of common stock and may be suspended at any time at the Company’s discretion. The credit agreements governing the Company’s revolving credit facilities allow it to make stock repurchases under this program, so long as it does not exceed certain leverage ratios. As of March 31, 2026, the Company has not exceeded the stated leverage ratios, and no defaults have occurred under these credit agreements. Stock repurchase activity under the Company’s stock repurchase program was as follows:
(1) All share repurchases were made pursuant to the stock repurchase program in open-market transactions. (2) May not calculate on rounded amounts. (3) The dollar value of shares repurchased excludes the cost of broker commissions, excise taxes, and other costs. Subsequent to March 31, 2026, through May 1, 2026, the Company repurchased 1,096,908 shares of its common stock at a weighted average price of $105.75 per share for $115,999. As of May 1, 2026, the Company had $1,433,603 for repurchases remaining authorized under the stock repurchase program. On May 20, 2026, the Board approved an additional authorization of $3,500,000, for the Company to repurchase its common stock under the same conditions as the prior stock repurchase program, resulting in an aggregate remaining authorization of approximately $4,840,000 as of that date. Accumulated Other Comprehensive Loss. The components within AOCL, net of tax, recorded in the consolidated balance sheets, are as follows:
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