STOCKHOLDERS’ EQUITY

12 Months Ended

Mar. 31, 2025

Stockholders' Equity Note [Abstract]

STOCKHOLDERS’ EQUITY

STOCKHOLDERS’ EQUITY

Stock Repurchase Program. The Board has approved various authorizations under the Company’s stock repurchase program to repurchase shares of its common stock in the open market or in privately negotiated transactions, subject to market conditions, applicable legal requirements, and other factors (collectively, the stock repurchase program). As of March 31, 2025, the Board last approved an authorization of $1,200,000 on July 27, 2022, to repurchase its common stock under the same conditions as the prior stock repurchase program. As of March 31, 2025, the aggregate remaining approved amount under the stock repurchase program is $374,701. The stock repurchase program does not obligate the Company to acquire any amount of common stock and may be suspended at any time at the Company’s discretion.

Stock repurchase activity under the Company’s stock repurchase program was as follows:

	Years Ended March 31,
	2025		2024		2023
Total number of shares repurchased (1)	3,800,040		4,289,124		5,569,572
Weighted average price per share	$	149.21	$	96.74	$	53.39
Dollar value of shares repurchased (2) (3)	$	567,002	$	414,931	$	297,372

(1) All share repurchases were made pursuant to the Company’s stock repurchase program in open-market transactions.

(2) The dollar value of shares repurchased excludes the cost of broker commissions, excise taxes, and other costs.

(3) May not calculate on rounded dollars.

Subsequent to March 31, 2025, through May 9, 2025, the Company repurchased 765,321 shares of its common stock at a weighted average price of $109.75 per share for $83,998. As of May 9, 2025, the Company had $290,704 remaining authorized under the stock repurchase program. Amounts may not calculate on rounded dollars.

On May 21, 2025, the Board approved an additional authorization of $2,250,000, for the Company to repurchase its common stock under the same conditions as the prior stock repurchase program.

Accumulated Other Comprehensive Loss. The components within AOCL, net of tax, recorded in the consolidated balance sheets, are as follows:

	As of March 31,
	2025		2024
Unrealized gain on cash flow hedges	$	1,584	$	—
Cumulative foreign currency translation loss	(51,238)		(50,733)
Total	$	(49,654)	$	(50,733)