Stockholders' Equity

6 Months Ended

Sep. 30, 2020

Stockholders' Equity Note [Abstract]

We are authorized to issue 250.0 million shares of common stock, $0.01 par value per share, and 5.0 million shares of preferred stock, $0.01 par value per share. The Board of Directors may direct the issuance of the undesignated preferred stock in one or more series and determine preferences, privileges and restrictions thereof.

Each share of common stock has the right to one vote on all matters submitted to a vote of stockholders. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, subject to prior rights of holders of all classes of outstanding stock having priority rights as to dividends. No dividends have been declared or paid on our common stock through September 30, 2020.

During the three and six months ended September 30, 2020 and 2019, we repurchased shares of our common stock and recorded them as treasury stock. Our share repurchases consisted of the following:


	Three Months Ended September 30,			Six Months Ended September 30,
	2020		2019	2020	2019
Shares repurchased pursuant to the provisions of the various employee restricted stock awards:
Number of shares	—		2,273	31,117	28,537
Average price per share	—		$35.32	$39.91	$30.83
Total amount repurchased	$	—	$0.1 million	$1.2 million	$0.9 million

Shares repurchased in conjunction with our share repurchase program:
Number of shares	28,865		672,719	28,865	1,622,544
Average price per share	$34.55		$31.53	$34.55	$30.80
Total amount repurchased	$1.0 million		$21.2 million	$1.0 million	$50.0 million