Stockholders' Equity

6 Months Ended

Sep. 30, 2018

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders' Equity

Stock Repurchase Programs

The Company's Board of Directors has authorized various stock repurchase programs pursuant to which the Company has the authority to repurchase its common stock. The Company's stock repurchase programs do not obligate it to acquire any particular amount of common stock and may be suspended at any time at the Company's discretion. Stock repurchase activity under these programs for the six months ended September 30, 2018 is as follows:

Average price paid per share	$	117.03
Total number of shares repurchased*	1,151,260
Dollar value of shares repurchased	$	134,735

*All shares were repurchased as part of publicly-announced programs in open-market transactions.

Subsequent to September 30, 2018 through November 2, 2018, the Company repurchased 249,439 shares for $26,660 at an average price paid of $106.88 per share, resulting in repurchases since inception under the Company's stock repurchase programs, in the aggregate, of 5,123,201 shares for $445,788, at an average price paid of $87.01 per share, leaving the aggregate remaining approved amount at $89,212.

Retained Earnings

The following is a reconciliation of the change in the Company's retained earnings:

Balance as of March 31, 2018	$	785,871
Net income	43,965
Repurchase of common stock*	(134,724		)
Impact from adoption of ASUs, net of tax	468
Balance as of September 30, 2018	$	695,580

*As of September 30, 2018, the remaining amount of 1,151,260 shares, at par value $0.01 per share, included in the total repurchase price of $134,735, was recorded in common stock in the condensed consolidated balance sheets.

Accumulated Other Comprehensive Loss

The components within AOCL, net of tax, are as follows:

	September 30, 2018			March 31, 2018
Unrealized gain on cash flow hedges	$	4,369		$	243
Cumulative foreign currency translation loss	(24,550		)	(13,226		)
Total	$	(20,181	)	$	(12,983	)