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Share Repurchase Program
3 Months Ended
Jun. 30, 2019
Investment Company, Capital Share Transactions, Stock Repurchased [Abstract]  
Share Repurchase Program
Share Repurchase Program

Our board of directors has authorized the repurchase of up to 800,000 shares of our outstanding common stock for cash on the open market or in privately negotiated transactions subject to applicable securities laws and regulations. Upon purchase of the shares, we reduce our common stock for the par value of the shares with the excess applied against additional paid-in capital. During the three months ended June 30, 2019, we repurchased 47,136 shares at an aggregate purchase price of $1.8 million. No shares were repurchased during the first three months of fiscal 2019. As of June 30, 2019, 457,244 shares remained available to be repurchased under the share repurchase program.