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SHARE-BASED EMPLOYEE COMPENSATION (Tables) | 6 Months Ended
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Sep. 30, 2022
Share-Based Payment Arrangement [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 2023 are as follows:
Dividend Yield |  |  | 0.8 | %
Expected Volatility |  |  | 38.2 | %
Risk-Free Interest Rate |  |  | 2.9 | %
Expected Life |  | 6.0 years |
Stock Option Activity | The following table represents stock option activity for the six months ended September 30, 2022:
|  | Number of Shares |  |  | Weighted- Average Exercise Price |
Outstanding Options at March 31, 2022 |  |  | 456,849 |  |  | $ | 83.81 |
Granted |  |  | 56,621 |  |  | $ | 125.90 |
Exercised |  |  | (17,841 | ) |  | $ | 125.36 |
Cancelled |  |  | (3,178 | ) |  | $ | 109.15 |
Outstanding Options at September 30, 2022 |  |  | 492,451 |  |  | $ | 89.09 |
Options Exercisable at September 30, 2022 |  |  | 301,348 |  |  |  |
Weighted-Average Fair Value of Options Granted During the Year |  | $ | 48.36 |  |  |  |
Stock Options Outstanding | The following table summarizes information about stock options outstanding at September 30, 2022:
|  | 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 |
$59.32 - $81.56 |  |  | 172,395 |  |  |  | 6.82 |  |  | $ | 62.87 |  |  |  | 85,585 |  |  | $ | 64.96 |
$87.37 - $93.03 |  |  | 151,569 |  |  |  | 6.33 |  |  | $ | 91.57 |  |  |  | 109,241 |  |  | $ | 91.57 |
$99.37 - $143.09 |  |  | 168,487 |  |  |  | 6.98 |  |  | $ | 113.68 |  |  |  | 106,522 |  |  | $ | 106.90 |
|  |  | 492,451 |  |  |  | 6.72 |  |  | $ | 89.09 |  |  |  | 301,348 |  |  | $ | 89.43 |
Summary of Activity for Nonvested Restricted Shares | The following table summarizes the activity for nonvested restricted shares during the three months ended September 30, 2022:
|  | Number of Shares |  |  | Weighted-Average Grant Date Fair Value |
Nonvested Restricted Stock at March 31, 2022 |  |  | 258,779 |  |  | $ | 85.34 |
Granted |  |  | 111,230 |  |  | $ | 126.23 |
Vested |  |  | (55,467 | ) |  | $ | 127.05 |
Forfeited |  |  | (3,247 | ) |  | $ | 124.82 |
Nonvested Restricted Stock at September 30, 2022 |  |  | 311,295 |  |  | $ | 98.31 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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