STOCKHOLDERS' EQUITY |
STOCKHOLDERS’ EQUITY Common Stock The common stock shares activity consisted of the following: | | | | | | | | Class A Common Stock | | Treasury Stock | Balance at March 31, 2016 | 153,391,058 |
| | 5,398,596 |
| Issuance of common stock | 578,932 |
| | — |
| Stock options exercised | 1,931,495 |
| | — |
| Repurchase of common stock (1) | — |
| | 1,615,181 |
| Balance at March 31, 2017 | 155,901,485 |
| | 7,013,777 |
| Issuance of common stock | 581,174 |
| | — |
| Stock options exercised | 741,708 |
| | — |
| Repurchase of common stock (2) | — |
| | 4,619,568 |
| Balance at September 30, 2017 | 157,224,367 |
| | 11,633,345 |
|
| | (1) | During fiscal 2017, the Company purchased 1.3 million shares of the Company’s Class A Common Stock in a series of open market transactions for $46.4 million. Additionally, the Company repurchased shares during fiscal 2017 to cover the minimum statutory withholding taxes on restricted stock awards and restricted stock units that vested on March 31, 2017. The Company also repurchased shares to cover the minimum statutory withholding taxes on restricted stock for departing officers, as they are no longer subject to a substantial risk of forfeiture. |
| | (2) | During fiscal 2018, the Company purchased 4.5 million shares of the Company’s Class A Common Stock in a series of open market transactions for $154.0 million. Additionally, the Company repurchased shares during the first quarter of fiscal 2018 to cover the minimum statutory withholding taxes on restricted stock awards and restricted stock units that vested on June 30, 2017. |
For the quarterly offering period that closed on September 30, 2017, 63,298 Class A Common Stock shares were purchased by employees under the Company's Employee Stock Purchase Plan, or ESPP. Since the program's inception, 2,055,650 shares have been purchased by employees.
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