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SHARE-BASED EMPLOYEE COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2016

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Weighted-Average Assumptions Used to Value Option Awards

The weighted-average assumptions used in the Black-Scholes model to value the option awards in fiscal 2016 are as follows:

		Fiscal 2017
Dividend Yield			1.3%
Expected Volatility			36.5%
Risk Free Interest Rate			1.4%
Expected Life			6.0 years

Stock Option Activity

The following table represents stock option activity for the three month period ended June 30, 2016:

		Number of Shares				Weighted- Average Exercise Price
Outstanding Options at Beginning of Period			1,817,763			$	53.03
Granted			174,470			$	75.78
Exercised			(330,341	)		$	33.70
Cancelled			(16,840	)		$	67.92
Outstanding Options at End of Period			1,645,052			$	59.15
Options Exercisable at End of Period			1,060,879			$	49.56
Weighted-Average Fair Value of Options Granted during the Period		$	24.42

Stock Options Outstanding

The following table summarizes information about stock options outstanding at June 30, 2016:

		Outstanding Options												Exercisable Options
Range of Exercise Prices		Number of Shares Outstanding				Weighted - Average Remaining Contractual Life				Weighted - Average Exercise Price				Number of Shares Outstanding				Weighted - Average Exercise Price
$23.17 – $ 30.74			349,570				3.58			$	25.90				348,570			$	25.89
$33.43 – $ 37.95			281,973				5.76			$	34.05				272,973			$	33.97
$53.22 – $ 77.67			455,765				8.29			$	69.93				171,545			$	67.07
$79.73 – $ 93.56			557,744				8.50			$	83.88				267,791			$	85.04
			1,645,052				6.93			$	59.15				1,060,879			$	49.56

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- References

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- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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