v3.26.3
Shareholders' Equity
 6 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity
Share Repurchase Programs
In May 2024, the Company announced a share repurchase program for up to $500 million of common stock, which was completed in February 2026.
In February 2026, the Company announced a new share repurchase program under which it is authorized to purchase up to $1 billion of common stock from time to time on the open market or through privately negotiated transactions, including, without limitation, through Rule 10b5-1 trading plans, any other legally permissible means, or any combination of the foregoing. The new share repurchase program has no time limit and does not obligate the Company to acquire any specific dollar amount or to acquire any specific number of shares on any particular timetable or at all. The number of shares to be repurchased will depend on market conditions and other factors. Repurchases under the program are expected to be funded from a combination of existing cash balances and future cash flow.
The following table summarizes share repurchase activity during the three and six months ended September 30, 2026 and 2025 (in thousands):
Three Months Ended September 30,Six Months Ended September 30,
2026202520262025
Shares repurchased and retired5,184 994 12,266 1,899 
Total value of shares repurchased and retired(1)
$245,634 $50,003 $521,112 $95,034 
Estimated excise taxes on shares repurchased$1,865 $— $3,453 $— 
_________________
(1) Includes commissions paid.
As of September 30, 2026, $327.5 million remained available for future repurchases. On November 3, 2026, the Company announced a new share repurchase program under which it is authorized to purchase up to $1 billion of common stock. Refer to Note 15, Subsequent Events, for further details.