XML 43 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
SHARE-BASED EMPLOYEE COMPENSATION (Tables)
9 Months Ended
Dec. 31, 2017
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 2018 are as follows:

 

 

 

Fiscal 2018

 

Dividend Yield

 

 

1.3%

 

Expected Volatility

 

 

36.3%

 

Risk Free Interest Rate

 

 

2.1%

 

Expected Life

 

6.0 years

 

 

Stock Option Activity

The following table represents stock option activity for the nine months ended December 31, 2017:

 

 

 

Number

of

Shares

 

 

Weighted-

Average

Exercise Price

 

Outstanding Options at Beginning of Period

 

 

1,323,379

 

 

$

66.07

 

Granted

 

 

119,986

 

 

$

100.20

 

Exercised

 

 

(441,691

)

 

$

59.97

 

Cancelled

 

 

(16,742

)

 

$

78.05

 

Outstanding Options at End of Period

 

 

984,932

 

 

$

72.76

 

Options Exercisable at End of Period

 

 

597,945

 

 

$

65.18

 

Weighted-Average Fair Value of Options Granted during

   the Period

 

$

33.37

 

 

 

 

 


Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2017:

 

 

 

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 – $ 29.84

 

 

65,912

 

 

 

3.60

 

 

$

23.27

 

 

 

65,912

 

 

$

23.47

 

$33.43 – $ 37.34

 

 

99,582

 

 

 

4.46

 

 

$

33.94

 

 

 

99,582

 

 

$

33.94

 

$53.22 – $ 77.67

 

 

308,924

 

 

 

7.24

 

 

$

71.06

 

 

 

158,166

 

 

$

69.19

 

$79.73 – $ 106.00

 

 

510,514

 

 

 

7.60

 

 

$

87.76

 

 

 

274,285

 

 

$

84.27

 

 

 

 

984,932

 

 

 

6.90

 

 

$

72.76

 

 

 

597,945

 

 

$

65.18