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SHARE-BASED EMPLOYEE COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2021

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 2022 are as follows:  

		2022
Dividend Yield			0.8	%
Expected Volatility			38.4	%
Risk-Free Interest Rate			1.1	%
Expected Life		6.0 years

Stock Option Activity

The following table represents stock option activity for the three months ended June 30, 2021:

		Number of Shares				Weighted- Average Exercise Price
Outstanding Options at March 31, 2021			708,501			$	83.85
Granted			7,871			$	139.25
Exercised			(95,859	)		$	85.77
Cancelled			(15,390	)		$	76.63
Outstanding Options at June 30, 2021			605,123
Options Exercisable at June 30, 2021			346,580
Weighted-Average Fair Value of Options Granted During the Year		$	48.92

Stock Options Outstanding

The following table summarizes information about stock options outstanding at June 30, 2021:

		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
$33.69 - $37.34			12,373				0.96			$	34.52				12,373			$	34.52
$59.32 - $81.56			218,382				7.56			$	64.92				88,160			$	70.97
$87.34 - $93.03			200,296				6.63			$	90.84				116,623			$	90.31
$99.37 - $139.25			174,072				6.22			$	105.17				129,424			$	103.21
			605,123				6.73			$	84.45				346,580			$	88.22

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 three months ended June 30, 2021:

		Number of Shares				Weighted-Average Grant Date Fair Value
Nonvested Restricted Stock at March 31, 2021			267,090			$	62.56
Granted			96,393			$	139.25
Vested			(20,685	)		$	60.21
Forfeited			(5,218	)		$	75.10
Nonvested Restricted Stock at June 30, 2021			337,580

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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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