Stockholders' Equity

12 Months Ended

Mar. 31, 2020

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Stock Repurchase Programs. In January 2019, the Company’s Board of Directors approved a stock repurchase program which, together with stock repurchase programs approved in 2017 and 2015, authorized the Company to repurchase a total of up to $796,000 of its common stock in the open market or in privately negotiated transactions, subject to market conditions, applicable legal requirements, and other factors (collectively, the Stock Repurchase Programs). The full amounts originally authorized under the 2017 and 2015 stock repurchase programs have been repurchased and these programs have been completed.

As of March 31, 2020, the aggregate remaining approved amount under the Company’s Stock Repurchase Programs was $159,807. 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. The Company’s current revolving credit agreements allow it to make stock repurchases under these programs, as long as the Company does not exceed certain leverage ratios and no event of default has occurred under these arrangements.

Publicly-announced stock repurchase activity of open-market transactions under the Company’s Stock Repurchase Programs, were as follows:

	Years Ended March 31,
	2020		2019		2018
Total number of shares repurchased*	1,296,201		1,400,699		1,702,653
Average price paid per share	$	146.89	$	115.22	$	87.91
Dollar value of shares repurchased	$	190,405	$	161,395	$	149,687

*Any stock repurchases are made as part of publicly-announced programs in open-market transactions.

Accumulated Other Comprehensive Loss. The components within AOCL, net of tax, recorded in the consolidated balance sheets, were as follows:

	As of March 31,
	2020			2019
Cumulative foreign currency translation loss	$	(25,559	)	$	(22,654	)
Total	$	(25,559	)	$	(22,654	)