Treasury Stock	9 Months Ended
Dec. 31, 2020
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 February 2019, 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 37,000,000 shares. Since the commencement of the stock repurchase program, the Company has spent $554 million on the repurchase of 36,552,711 shares of its common stock, equal to 67% of the outstanding common stock had there been no repurchases. The average price of these repurchases was $15.15 per share. These repurchases were funded primarily by the net earnings of the Company, along with proceeds from the exercise of common stock options. The Company had temporarily suspended share repurchases under its stock repurchase program from March 21 through June 14, 2020. During the three and nine months ended December 31, 2020, the Company repurchased 82,157 shares of its common stock for $7.7 million at an average price of $93.54 per share and 267,120 shares of its common stock for $22.1 million at an average price of $82.83, respectively. The Company had 17,887,043 shares of common stock outstanding as of December 31, 2020, net of the 36,552,711 shares in treasury. During the period subsequent to the quarter ended December 31, 2020, the Company repurchased 28,664 shares of its common stock for $3.0 million at an average price of $104.62 per share under the Company’s stock repurchase program.

Treasury Stock

9 Months Ended

Dec. 31, 2020

Note 4 — Treasury Stock

The Company’s Board of Directors approved the commencement of a stock repurchase program in the fall of 1996. In February 2019, 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 37,000,000 shares. Since the commencement of the stock repurchase program, the Company has spent $554 million on the repurchase of 36,552,711 shares of its common stock, equal to 67% of the outstanding common stock had there been no repurchases. The average price of these repurchases was $15.15 per share. These repurchases were funded primarily by the net earnings of the Company, along with proceeds from the exercise of common stock options. The Company had temporarily suspended share repurchases under its stock repurchase program from March 21 through June 14, 2020. During the three and nine months ended December 31, 2020, the Company repurchased 82,157 shares of its common stock for $7.7 million at an average price of $93.54 per share and 267,120 shares of its common stock for $22.1 million at an average price of $82.83, respectively. The Company had 17,887,043 shares of common stock outstanding as of December 31, 2020, net of the 36,552,711 shares in treasury. During the period subsequent to the quarter ended December 31, 2020, the Company repurchased 28,664 shares of its common stock for $3.0 million at an average price of $104.62 per share under the Company’s stock repurchase program.