Stock Repurchase Activity (Notes)

12 Months Ended

Mar. 31, 2016

Equity [Abstract]

Treasury Stock

STOCK REPURCHASE ACTIVITY

In December 2007, the Company announced that its Board of Directors had authorized the repurchase of up to 10.0 million shares of its common stock in the open market or in privately negotiated transactions.  As of March 31, 2015, the Company had repurchased 7.5 million shares under this authorization for $234.7 million.  In May 2015, the Company's Board of Directors authorized an increase to the existing share repurchase program to 20.0 million shares of common stock from the approximately 2.5 million shares remaining under the prior authorization. During fiscal 2016, the Company repurchased 8.6 million shares under this authorization for $363.8 million. In January 2016, the Company's Board of Directors authorized an increase to the existing share repurchase program to 15.0 million shares of common stock from the approximately 11.4 million shares remaining under the prior authorization. There is no expiration date associated with this repurchase program. During the years ended March 31, 2015 and 2014, the Company did not purchase any of its shares of common stock.