Common stock shares activity |
The common stock shares activity consisted of the following: | | | | | | | | | | | | | | | | | Class A Common Stock | | Class B Non-Voting Common Stock | | Class C Restricted Common Stock | | Class E Special Voting Common Stock | | Treasury Stock | Balance at March 31, 2014 | 143,962,073 |
| | 582,080 |
| | 935,871 |
| | 4,424,814 |
| | 609,625 |
| Issuance of common stock | 1,365,008 |
| | — |
| | — |
| | — |
| | — |
| Stock options exercised | 3,392,643 |
| | — |
| | — |
| | (2,573,225) |
| | — |
| Share exchange (1) | 1,517,951 |
| | (582,080) |
| | (935,871) |
| | — |
| | — |
| Repurchase of common stock (2) | — |
| | — |
| | — |
| | — |
| | 2,389,768 |
| Balance at March 31, 2015 | 150,237,675 |
| | — |
| | — |
| | 1,851,589 |
| | 2,999,393 |
| Issuance of common stock | 365,986 |
| | — |
| | — |
| | — |
| | — |
| Stock options exercised (3) | 2,533,760 |
| | — |
| | — |
| | (1,851,589 | ) | | — |
| Repurchase of common stock (4) | — |
| | — |
| | — |
| | — |
| | 1,360,563 |
| Balance at December 31, 2015 | 153,137,421 |
| | — |
| | — |
| | — |
| | 4,359,956 |
|
| | (1) | At the annual meeting of stockholders held on July 31, 2014, the stockholders approved a proposal to amend and restate the certificate of incorporation, which had the effect of converting all issued and outstanding shares of Class B Non-Voting Common Stock and Class C Restricted Common Stock into shares of Class A Common Stock on a one-for-one basis. The conversion was effected on August 13, 2014 when the Company filed its third amended and restated certificate of incorporation with the Secretary of State of the State of Delaware. As a result of the conversion, there were no shares of Class B Non-Voting Common Stock and Class C Restricted Common Stock outstanding at such time. |
| | (2) | On November 5, 2014, the Company entered into an agreement with an affiliate of The Carlyle Group to repurchase 1.0 million shares of the Company's Class A Common Stock. The shares were repurchased at a price of $25.10 per share in a private non-underwritten transaction. On February 2, 2015, the Company entered into a similar agreement with an affiliate of the Carlyle Group to repurchase an additional 1.0 million shares of our Class A common stock pursuant to the repurchase program. The shares were repurchased from the Underwriter at a price of $28.36 per share. The repurchase of common stock above also reflects shares repurchased on June 30, 2014 to cover the minimum statutory withholding taxes on restricted stock awards that vested on June 30, 2014, shares repurchased on September 12, 2014 to cover the minimum statutory withholding taxes on rollover stock options exercised on September 12, 2014 and shares repurchased on multiple dates to cover the minimum statutory withholding taxes on accelerated restricted stock vesting for departing officers. |
| | (3) | On September 30, 2015, the Company purchased, at par value, all issued and outstanding shares of Class E special voting common stock in connection with the exercise of the final tranche of rollover options during the second quarter of fiscal 2016. |
| | (4) | During the first quarter of fiscal 2016, the Company purchased 1.2 million shares of the Company’s Class A Common Stock in a series of open market transactions for $30.5 million. Additionally, the Company repurchased shares on June 30, 2015 to cover the minimum statutory withholding taxes on restricted stock awards and restricted stock units that vested on June 30, 2015, and repurchased shares to cover the minimum statutory withholding taxes on accelerated restricted stock vesting for departing officers. |
|