STOCKHOLDERS’ EQUITY |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| STOCKHOLDERS’ EQUITY | Stockholders’ Equity Stock Repurchase Program (amounts in thousands, except share and per share data). The Company’s Board of Directors (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 additional authorization of $3,500,000 on May 20, 2026, to repurchase shares of the Company’s common stock under the same conditions as the prior stock repurchase program. As of June 30, 2026, the aggregate remaining authorization under the stock repurchase program is $4,711,416. 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 June 30, 2026, the Company has not exceeded the stated leverage ratios, and no defaults have occurred under these credit agreements. Stock repurchase activity under the 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 June 30, 2026, through July 9, 2026, the Company repurchased 311,264 shares of its common stock at a weighted average price of $103.35 per share for $32,168. As of July 9, 2026, the Company had $4,679,248 remaining authorized for repurchases under the stock repurchase program. Accumulated Other Comprehensive Loss. The components within AOCL, net of tax, recorded in the condensed consolidated balance sheets, are as follows:
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