Equity

6 Months Ended

Sep. 30, 2019

The following table shows a rollforward of the Company’s common stock outstanding since March 31, 2019:


	Class A Common Stock	Class B Common Stock
March 31, 2019	27,367,477	23,516,439
Shares issued (repurchased) in connection with registered offering	2,451,633	(1,466,712)
Shares issued in connection with contingent compensation payment	7,692	—
Forfeitures	(13,812)	—
Shares repurchased for employee tax withholdings	(509)	—
Shares issued pursuant to Employee Share Purchase Plan	12,205	—
September 30, 2019	29,824,686	22,049,727

September 2019 Offering

In September 2019, the Company and certain selling stockholders completed a registered offering of an aggregate of 2,680,089 shares of Class A common stock at a price of $60.01 per share (the “September 2019 Offering”). The shares sold consisted of (i) 228,456 shares held by the selling stockholders and (ii) 2,451,633 shares newly issued by the Company. The Company received approximately $147,122 in net proceeds from the sale of its shares and used all of the proceeds to settle exchanges by certain members of HLA of a total of 1,466,712 Class B units and 984,921 Class C units. In connection with the exchange of the Class B units, the Company also repurchased for par value and canceled a corresponding number of shares of Class B common stock. The Company did not receive any proceeds from the sale of shares by the selling stockholders.