Share Repurchases (Notes) |
9 Months Ended |
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Dec. 31, 2016 | |
| Payments for Repurchase of Equity [Abstract] | |
| Share Repurchases |
Share Repurchases
In August 2011, the Board of Directors authorized a share repurchase program whereby the Company may repurchase up to an aggregate of $20.0 million of its outstanding Class A Common Stock (the authorization). There were no shares repurchased under this authorization during the nine months ended December 31, 2016, or December 31, 2015. There was approximately $0.1 million remaining for additional share repurchases under this program as of December 31, 2016.
Additionally, in the nine months ended December 31, 2016, and December 31, 2015, the Company repurchased 176,023 and 75,320 shares of Class A Common Stock, respectively, from certain employees that were surrendered to satisfy the minimum statutory tax withholding obligations on the vesting of restricted stock, RSUs and PSUs. These repurchases are not included in the authorized share repurchase program and had a weighted-average purchase price of $0.83 and $1.15 per share, respectively.
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