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SHAREHOLDERS' EQUITY
 3 Months Ended
Jun. 30, 2026
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS' EQUITY
Common Stock
June 30, 2026June 30, 2025
Common StockTreasury StockCommon StockTreasury Stock
Balance at beginning of the fiscal year17,893,059 1,543,791 17,809,590 1,026,941 
Vesting of performance shares and restricted stock units53,803 20,281 40,162 14,966 
Reissuance of treasury shares— (19,079)— (15,539)
Restricted stock awards activities(484)12,394 (1,114)— 
Share repurchases— 87,970 — 15,539 
Ending balance17,946,378 1,645,357 17,848,638 1,041,907 

Equity Offering

In September 2024, the Company completed a follow-on equity offering ("Equity Offering") pursuant to which we issued and sold a total of 1,265,000 shares of our common stock to the public, including shares issued pursuant to the underwriters' full exercise of their over-allotment option, at an offering price of $285 per share. We received proceeds of $347.4 million, net of underwriting fees and discounts and expenses incurred directly related to the Equity Offering. We used a portion of the proceeds to pay off the outstanding balance of our RCF at the time of the Equity Offering, and used the remainder of the proceeds for general corporate purposes, including the acquisitions of PF WaterWorks, L.P. and Aspen Manufacturing, as discussed in Note 2.

Share Repurchase Program

On November 18, 2024, we announced that our Board of Directors authorized a new $200.0 million share repurchase program, which replaced the previously announced $100.0 million program. On December 15, 2025, we announced an expansion of our current share repurchase program authorization from $200.0 million to $250.0 million. Under the current repurchase program, shares may be repurchased from time to time in the open market or in privately negotiated transactions. Repurchases will be made at our discretion, based on ongoing assessments of the capital needs of the business, the market price of our common stock and general market conditions. Our Board of Directors has established an expiration date of December 31, 2026, for completion of the current repurchase program; however, such program may be limited or terminated at any time at our discretion without notice.

Under the current $250.0 million repurchase program, a total of 87,970 and 15,539 shares were repurchased during the three months ended June 30, 2026 and 2025 for $23.5 million and $4.7 million, respectively.

In connection with the vesting of share awards, 32,675 and 14,966 shares for $9.0 million and $4.4 million, respectively, were tendered by employees to satisfy minimum tax withholding requirements during the three months ended June 30, 2026 and 2025, respectively.

Dividends

On April 15, 2025, we announced a quarterly dividend increase to a rate of $0.27 per share, which was subsequently increased to a rate of $0.30 on April 2, 2026. Total dividends of $4.9 million and $4.5 million were paid during the three months ended June 30, 2026 and 2025, respectively.
On July 17, 2026, we announced a quarterly dividend of $0.30 per share payable on August 14, 2026 to shareholders of record as of July 31, 2026. Any future dividends at the existing $0.30 per share quarterly rate or otherwise will be reviewed individually and declared by our Board of Directors in its discretion.