Share Repurchases (Notes) |
6 Months Ended |
|---|---|
Sep. 30, 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 six months ended September 30, 2016, or September 30, 2015. There was approximately $0.1 million remaining for additional share repurchases under this program as of September 30, 2016.
Additionally, in the six months ended September 30, 2016, and September 30, 2015, the Company repurchased 166,176 and 73,765 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 $0.85 and $1.15 per share, respectively.
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