Equity |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity | 8. Equity The following table shows a rollforward of the Company’s common stock outstanding since March 31, 2026:
Share Repurchases The Company has a stock repurchase program authorized by its Board of Directors under which the Company may repurchase up to an aggregate of $100,000 of its Class A common stock, of which $20,000 was previously repurchased, with no share count or duration limitation (the “Stock Repurchase Program”). During the three months ended June 30, 2026, the Company repurchased 558,591 shares of its Class A common stock under the Stock Repurchase Program at a weighted-average price of $89.51 per share, for an aggregate purchase price of approximately $50,000. As of June 30, 2026, approximately $30,000 remained available for repurchase under the Stock Repurchase Program. Warrant The Company has an outstanding warrant allowing for purchases of up to a maximum of 400,000 shares of its Class A common stock (the “Warrant”) that was issued to Guardian in a private placement transaction. During the three months ended June 30, 2026, no shares related to the Warrant (“Warrant Shares”) have been exercised, and no additional vestings have taken place.
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