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Stock-Based Compensation and Incentive Plans (Tables)

12 Months Ended

Mar. 31, 2014

Schedule of Common Stock Shares Reserved for Issuance and Shares Available for Grant

The number of common stock shares reserved for issuance under the plans and the number of shares available for future grants at March 31, are as follows:

		March 31, 2014
Shares of common stock reserved for issuance under the plans			1,469,305
Shares of common stock available for future grants			99,249

Schedule of Stock Option Activity

The following table sets forth a summary of stock option activity of the company for fiscal years 2014, 2013 and 2012:

		Weighted-average Exercise Price				Number of Shares
Outstanding at March 31, 2011			45.36				1,875,476
Granted (A)			—				—
Exercised			38.71				(146,508	)
Expired or cancelled/forfeited			56.44				(3,544	)
Outstanding at March 31, 2012			44.93				1,725,424
Granted (A)			—				—
Exercised			29.09				(141,542	)
Expired or cancelled/forfeited			52.47				(27,607	)
Outstanding at March 31, 2013			46.24				1,556,275
Granted (A)			—				—
Exercised			36.86				(186,219	)
Expired or cancelled/forfeited			—				—
Outstanding at March 31, 2014			$        47.51				1,370,056

(A) Stock options were not granted during fiscal 2014, 2013 and 2012.

Options Outstanding, Exercise-Price Ranges

Information regarding the 1,370,056 options outstanding and exercisable at March 31, 2014 can be grouped into three general exercise-price ranges as follows:

		Exercise Price Range
At March 31, 2014		$33.83 - $37.55				$45.75 - $48.96				$55.76 - $65.69
Options outstanding and exercisable			371,961				394,514				603,581
Weighted average exercise price			$34.37				$45.86				$56.70
Weighted average remaining contractual life			4.4 years				6.0 years				3.0 years

Additional Information Regarding Stock Options

Additional information regarding stock options for the years ended March 31, are as follows:

(In thousands, except number of stock options and weighted average price)		2014				2013				2012
Intrinsic value of options exercised		$	4,059				2,544				2,800
Number of stock options vested			8,926				144,537				328,325
Fair value of stock options vested		$	115				2,154				4,117
Number of options exercisable			1,370,056				1,547,349				1,561,836
Weighted average exercise price of options exercisable		$	47.51				46.27				44.86

Effect on Basic and Diluted Earnings Per Share, and Stock Option Compensation Expense

Stock option compensation expense along with the reduction effect on basic and diluted earnings per share, and stock option compensation expense for the years ended March 31, are as follows:
(In thousands, except per share data)		2014				2013				2012
Stock option compensation expense		$	12				2,049				3,892
Basic earnings per share reduced by			0.00				0.03				0.05
Diluted earnings per share reduced by			0.00				0.03				0.05

Summary of Restricted Stock Award Activity

The following table sets forth a summary of restricted stock award activity of the company for fiscal 2014, 2013 and 2012:

		Weighted-average Grant-Date Fair Value				Time Based Shares				Performance Based Shares
Non-vested balance at March 31, 2011			51.13				369,599				228,624
Granted			54.59				7,500				—
Vested			50.11				(110,681	)			(4,983	)
Cancelled/forfeited			—				—				—
Non-vested balance at March 31, 2012			51.43				266,418				223,641
Granted			—				—				—
Vested			49.53				(110,802	)			—
Cancelled/forfeited			56.84				(7,067	)			(59,503	)
Non-vested balance at March 31, 2013			50.95				148,549				164,138
Granted			55.04				28,963				—
Vested			56.71				(93,739	)			(1,749	)
Cancelled/forfeited			35.76				(4,949	)			(56,123	)
Non-vested balance at March 31, 2014			$        54.75				78,824				106,266

Summary of Phantom Stock Activity

The following table sets forth a summary of phantom stock activity of the company for fiscal 2014, 2013 and 2012:

		Weighted-average Grant-Date Fair Value				Time Based Shares				Performance Based Shares
Non-vested balance at March 31, 2011			46.08				138,068				28,059
Granted			54.18				22,845				—
Vested			41.61				(51,255	)			—
Cancelled/forfeited			46.16				(6,347	)			—
Non-vested balance at March 31, 2012			49.23				103,311				28,059
Granted			50.76				27,100				—
Vested			43.60				(54,823	)			—
Cancelled/forfeited			54.26				(6,993	)			(28,059	)
Non-vested balance at March 31, 2013			51.74				68,595				—
Granted			48.81				31,736				1,291
Vested			51.45				(35,095	)			—
Cancelled/forfeited			50.93				(4,354	)			—
Non-vested balance at March 31, 2014		$	50.94				60,882				1,291

Summary of Deferred Stock Unit Activity

The following table sets forth a summary of deferred stock unit activity of the company for fiscal 2014, 2013 and 2012:

		Weighted-average Grant-Date Fair Value				Number Of Units
Balance at March 31, 2011			49.80				92,365
Dividend equivalents reinvested			50.49				1,843
Retirement distribution			—				—
Granted			54.02				20,372
Balance at March 31, 2012			50.56				114,580
Dividend equivalents reinvested			46.73				2,472
Retirement distribution			—				—
Granted			50.48				26,955
Balance at March 31, 2013			50.48				144,007
Dividend equivalents reinvested			53.82				2,492
Retirement distribution			59.65				(26,661	)
Granted			49.47				26,550
Balance at March 31, 2014		$	48.68				146,388

Restricted Stock

Schedule of Restricted Stock Compensation Expense and Grant Date Fair Value

Restricted stock award compensation expense and grant date fair value for the years ended March 31, is as follows:

(In thousands)		2014				2013				2012
Grant date fair value of restricted stock vested		$	4,429				5,488				5,796
Restricted stock compensation expense			4,633				5,987				6,171

Restricted Stock Units (RSUs)

Schedule of Restricted Stock Compensation Expense and Grant Date Fair Value

Restricted stock unit compensation expense and grant date fair value for the year ended March 31, is as follows:

(In thousands)		2014				2013				2012
Grant date fair value of restricted stock units vested		$	8,684				4,307				—
Restricted stock unit compensation expense			12,664				7,836				272

Summary Of Restricted Stock Unit Activity

The following table sets forth a summary of restricted stock unit activity of the company for fiscal 2014, 2013 and 2012:

		Weighted-average Grant-Date Fair Value				Time Based Units				Weight-average Grant Date Fair Value				Performance Based Units
Non-vested balance at March 31, 2011			$              —				—				—				—
Granted			54.18				248,288				72.23				84,394
Vested			—				—				—				—
Cancelled/forfeited			—				—				—				—
Non-vested balance at March 31, 2012			$54.18				248,288				72.23				84,394
Granted			50.16				259,158				67.11				84,323
Vested			54.17				(79,507)				—				—
Cancelled/forfeited			54.18				(10,274)				72.23				(3,476)
Non-vested balance at March 31, 2013			$51.69				417,665				69.62				165,241
Granted			49.37				265,937				49.34				91,132
Vested			52.22				(175,673)				—				—
Cancelled/forfeited			52.43				(12,720)				—				—
Non-vested balance at March 31, 2014			$            50.24				495,209				51.06				256,373

Phantom Stock Plan

Schedule of Restricted Stock Compensation Expense and Grant Date Fair Value

Phantom stock compensation expense and grant date fair value for the years ended March 31, are as follows:

(In thousands)		2014				2013				2012
Grant date fair value of phantom stock vested		$	1,806				2,390				3,041
Phantom stock compensation expense			1,706				2,507				3,180
Phantom stock compensation costs capitalized as part of an asset			—				—				—

Deferred Stock Unit

Schedule of Restricted Stock Compensation Expense and Grant Date Fair Value

Deferred stock unit compensation expense, which is reflected in general and administrative expenses, for the years ended March 31, are as follows:

(In thousands)		2014				2013				2012
Deferred stock units compensation expense		$	1,737				1,085				700

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