Treasury Stock	9 Months Ended
Dec. 31, 2022
Equity [Abstract]
Treasury Stock	Note 4 — Treasury Stock The Company’s Board of Directors approved the commencement of a stock repurchase program in the fall of 1996. In November 2022, the Company’s Board of Directors 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. Since the commencement of the stock repurchase program, the Company has spent $730 million on the repurchase of 37,711,118 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 $19.35 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 nine months ended December 31, 2022, the Company repurchased 152,102 shares of its common stock for $22.8 million at an average price of $149.87 per share and 491,493 shares of its common stock for $75.1 million at an average price of $152.76, respectively. The Company had 17,180,180 shares of common stock outstanding as of December 31, 2022, net of the 37,711,118 shares in treasury. During the period subsequent to the quarter ended December 31, 2022, the Company repurchased 36,454 shares of its common stock for $5.7 million at an average price of $156.32 per share under the Company’s stock repurchase program.

Treasury Stock

9 Months Ended

Dec. 31, 2022

Note 4 — Treasury Stock

The Company’s Board of Directors approved the commencement of a stock repurchase program in the fall of 1996. In November 2022, the Company’s Board of Directors 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. Since the commencement of the stock repurchase program, the Company has spent $730 million on the repurchase of 37,711,118 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 $19.35 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 nine months ended December 31, 2022, the Company repurchased 152,102 shares of its common stock for $22.8 million at an average price of $149.87 per share and 491,493 shares of its common stock for $75.1 million at an average price of $152.76, respectively. The Company had 17,180,180 shares of common stock outstanding as of December 31, 2022, net of the 37,711,118 shares in treasury. During the period subsequent to the quarter ended December 31, 2022, the Company repurchased 36,454 shares of its common stock for $5.7 million at an average price of $156.32 per share under the Company’s stock repurchase program.