Treasury Stock	6 Months Ended
Sep. 30, 2024
Equity [Abstract]
Treasury Stock	Note 4 — Treasury Stock The Board initially approved the commencement of a stock repurchase program in the fall of 1996. In November 2022, the Board approved a 1,000,000 share expansion to the Company’s existing stock repurchase program, increasing the total number of shares of the Company’s common stock approved for repurchase over the life of the program to 39,000,000 shares. The stock repurchase program does not obligate the Company to acquire any amount of common stock and may be suspended or discontinued at any time at its discretion. Since the commencement of the stock repurchase program, the Company has spent $813 million on the repurchase of 38,103,440 shares of its common stock, equal to 69% of the outstanding common stock had there been no repurchases. The average price of these repurchases was $21.34 per share. These repurchases were funded primarily by the net earnings of the Company, along with proceeds from the exercise of common stock options. During the three and six months ended September 30, 2024, the Company repurchased 32,123 shares of the common stock for $9.6 million at an average price of $298.49 per share and 70,261 shares for $19.1 million at an average price of $272.06, respectively. The Company had 17,135,160 shares of common stock outstanding as of September 30, 2024, net of the 38,103,440 shares in treasury. During the period subsequent to the quarter ended September 30, 2024, the Company repurchased 12,023 shares of the common stock for $3.7 million at an average price of $311.57 per share under the Company’s stock repurchase program.

Treasury Stock

6 Months Ended

Sep. 30, 2024

Note 4 — Treasury Stock

The Board initially approved the commencement of a stock repurchase program in the fall of 1996. In November 2022, the Board approved a 1,000,000 share expansion to the Company’s existing stock repurchase program, increasing the total number of shares of the Company’s common stock approved for repurchase over the life of the program to 39,000,000 shares. The stock repurchase program does not obligate the Company to acquire any amount of common stock and may be suspended or discontinued at any time at its discretion.

Since the commencement of the stock repurchase program, the Company has spent $813 million on the repurchase of 38,103,440 shares of its common stock, equal to 69% of the outstanding common stock had there been no repurchases. The average price of these repurchases was $21.34 per share. These repurchases were funded primarily by the net earnings of the Company, along with proceeds from the exercise of common stock options.

During the three and six months ended September 30, 2024, the Company repurchased 32,123 shares of the common stock for $9.6 million at an average price of $298.49 per share and 70,261 shares for $19.1 million at an average price of $272.06, respectively. The Company had 17,135,160 shares of common stock outstanding as of September 30, 2024, net of the 38,103,440 shares in treasury.

During the period subsequent to the quarter ended September 30, 2024, the Company repurchased 12,023 shares of the common stock for $3.7 million at an average price of $311.57 per share under the Company’s stock repurchase program.