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SHARE-BASED EMPLOYEE COMPENSATION (Tables)

6 Months Ended

Sep. 30, 2019

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 2020 are as follows:  

		2019
Dividend Yield			1.3	%
Expected Volatility			31.4	%
Risk Free Interest Rate			2.32	%
Expected Life		6.0 years

Stock Option Activity

The following table represents stock option activity for the six months ended September 30, 2019:

		Number of Shares				Weighted Average Exercise Price
Outstanding Options at Beginning of Year			1,042,925			$	76.88
Granted			184,892			$	91.58
Exercised			(37,494	)		$	84.91
Cancelled			(7,883	)		$	106.24
Outstanding Options at End of Year			1,182,440			$	79.94
Options Exercisable at End of Year			776,586			$	73.31
Weighted Average Fair Value of Options Granted During the Year						$	27.37

Stock Options Outstanding

The following table summarizes information about stock options outstanding at September 30, 2019:

		Options Outstanding												Options Exercisable
Range of Exercise Prices		Number of Shares Outstanding				Weighted Average Remaining Contractual Life (in years)				Weighted Average Exercise Price				Number of Shares Outstanding				Weighted Average Exercise Price
$23.17 - $29.84			65,912				1.85			$	23.27				65,912			$	23.27
$33.43 - $37.34			57,728				2.71			$	34.03				57,728			$	34.03
$53.22 - $77.67			292,595				5.77			$	71.51				228,423			$	71.35
$79.73 - $106.24			766,205				7.25			$	91.49				424,523			$	87.47
			1,182,440				6.36			$	79.94				776,586			$	73.31

Summary of Activity for Nonvested Restricted Shares

The fair value of restricted stock is based on the stock price at the date of grant. The following table summarizes the activity for nonvested restricted shares during the six months ended September 30, 2019:

		Number of Shares				Weighted Average Grant Date Fair Value
Restricted Stock Beginning of Year			300,115			$	78.94
Granted			118,292			$	90.08
Vested			(78,307	)		$	97.88
Forfeited			(15,940	)		$	106.24
Nonvested Restricted Stock at End of Year			324,160

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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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.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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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.

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