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Stock-Based Compensation and Incentive Plans (Tables)

12 Months Ended

Mar. 31, 2015

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, 2015
Shares of common stock reserved for issuance under the plans			2,580,880
Shares of common stock available for future grants			871,674

Fair Value and Assumptions Used for Stock Options Issued

The fair value and assumptions used for the stock options issued during the year ended March 31, 2015, are as follows:

		2015
Weighted average fair value of stock options granted			$5.54
Risk-free interest rate			1.82%
Expected dividend yield			2.4%
Expected stock price volatility			30%
Expected stock option life			6.5 years

Schedule of Stock Option Activity

The following table sets forth a summary of stock option activity of the company for fiscal years 2015, 2014 and 2013:

		Weighted-average Exercise Price				Number of Shares
Outstanding at March 31, 2012			$        44.93				1,725,424
Granted			—				—
Exercised			29.09				(141,542	)
Expired or cancelled/forfeited			52.47				(27,607	)
Outstanding at March 31, 2013			46.24				1,556,275
Granted			—				—
Exercised			36.86				(186,219	)
Expired or cancelled/forfeited			—				—
Outstanding at March 31, 2014			47.51				1,370,056
Granted			22.80				428,326
Exercised			35.21				(29,118	)
Expired or cancelled/forfeited			42.97				(60,058	)
Outstanding at March 31, 2015			$        41.69				1,709,206

Options Outstanding, Exercise-Price Ranges

Information regarding the 1,709,206 options outstanding at March 31, 2015 can be grouped into three general exercise-price ranges as follows:

		Exercise Price Range
At March 31, 2015		$22.80 - $33.83				$45.75 - $48.96				$55.76 - $65.69
Options outstanding			728,287				394,515				586,404
Weighted average exercise price of options outstanding			$27.34				$45.86				$56.70
Weighted average remaining contractual life of options outstanding			7.5 years				5.0 years				2.0 years
Options exercisable			307,488				394,515				586,404
Weighted average exercise price of options exercisable			$33.56				$45.86				$56.70
Weighted average remaining contractual life of options exercisable			4.1 years				5.0 years				2.0 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)		2015				2014				2013
Intrinsic value of options exercised		$	475				4,059				2,544
Number of stock options vested			7,527				8,926				144,537
Fair value of stock options vested		$	40				115				2,154
Number of options exercisable			1,288,407				1,370,056				1,547,349
Weighted average exercise price of options exercisable		$	47.86				47.51				46.27

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)		2015				2014				2013
Stock option compensation expense		$	71				12				2,049
Basic earnings per share reduced by			0.00				0.00				0.03
Diluted earnings per share reduced by			0.00				0.00				0.03

Summary of Restricted Stock Award Activity

The following table sets forth a summary of restricted stock award activity of the company for fiscal 2015, 2014 and 2013:

		Weighted-average Grant-Date Fair Value				Time Based Shares				Performance Based Shares
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
Granted			—				—				—
Vested			57.46				(48,574	)			—
Cancelled/forfeited			47.09				(5,959	)			(37,861	)
Non-vested balance at March 31, 2015			$        56.94				24,291				68,405

Summary of Phantom Stock Activity

The following table sets forth a summary of phantom stock activity of the company for fiscal 2015, 2014 and 2013:

		Weighted-average Grant-Date Fair Value				Time Based Shares				Performance Based Shares
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
Granted			22.80				546,058				—
Vested			48.47				(33,987	)			—
Cancelled/forfeited			50.70				(5,482	)
Non-vested balance at March 31, 2015		$	24.07				567,471				1,291

Summary of Cash-Based Performance Plan Unit Activity

The following table sets forth a summary of cash-based performance plan unit activity of the company for fiscal 2015:

		Weighted-average Grant-Date Fair Value				Performance Based Units
Non-vested balance at March 31, 2014			—				—
Granted			1.10				4,519,703
Vested			—				—
Cancelled/forfeited			—				—
Non-vested balance at March 31, 2015		$	1.10				4,519,703

Summary of Deferred Stock Unit Activity

The following table sets forth a summary of deferred stock unit activity of the company for fiscal 2015, 2014 and 2013:

		Weighted-average Grant-Date Fair Value				Number Of Units
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
Dividend equivalents reinvested			34.63				3,794
Retirement distribution			47.50				(21,492	)
Granted			19.14				56,370
Balance at March 31, 2015		$	39.53				185,060

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)		2015				2014				2013
Grant date fair value of restricted stock vested		$	2,791				4,671				5,488
Restricted stock compensation expense			2,855				4,633				5,987

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)		2015				2014				2013
Grant date fair value of restricted stock units vested		$	12,080				9,176				4,307
Restricted stock unit compensation expense			17,214				12,664				7,836

Summary Of Restricted Stock Unit Activity

The following table sets forth a summary of restricted stock unit activity of the company for fiscal 2015, 2014, and 2013:

		Weighted-average Grant-Date Fair Value				Time Based Units				Weight-average Grant Date Fair Value				Performance Based Units
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				56.44				91,132
Vested			52.22				(175,673)				—				—
Cancelled/forfeited			52.43				(12,720)				—				—
Non-vested balance at March 31, 2014			$            50.24				495,209				53.58				256,373
Granted			54.48				551				—				—
Vested			50.92				(237,229)				—				—
Cancelled/forfeited			49.62				(7,381)				—				—
Non-vested balance at March 31, 2015			$            49.50				251,150				53.58				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 of phantom stock vested for the years ended March 31, are as follows:

(In thousands)		2015				2014				2013
Grant date fair value of phantom stock vested		$	1,647				1,806				2,390
Phantom stock compensation expense			933				1,706				2,507
Phantom stock compensation costs capitalized as part of an asset			—				—				—

Cash-based Performance Plan

Schedule of Restricted Stock Compensation Expense and Grant Date Fair Value

Cash-based performance unit compensation expense and grant date fair value for the year ended March 31, is as follows:

(In thousands)		2015
Grant date fair value of cash-based performance units		$	—
Cash-based performance unit compensation expense			72

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)		2015				2014				2013
Deferred stock units compensation expense (benefit)		$	(2,477)				1,737				1,085

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