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Pay vs Performance Disclosure

12 Months Ended

Mar. 31, 2023

USD ($)

Mar. 31, 2022

USD ($)

Mar. 31, 2021

USD ($)

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

PAY VERSUS PERFORMANCE

As required by Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation for our principal executive officer (“PEO”) and non-PEO Named Executive Officers and the financial performance of the Company. The table below addresses compensation actually paid (“CAP”) to the PEO and the non-PEO Named Executive Officers, which is a concept developed by the SEC for purposes of this tabular disclosure and does not imply that the covered executives actually received payments or value equal to the CAP during the applicable fiscal year. Although the Compensation Committee focuses on pay relative to performance in its executive compensation decisions, it has not historically utilized CAP as a key measure in implementing its pay-for-performance philosophy. For further information concerning the Company’s pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to “Compensation Discussion and Analysis” beginning on page 28 of this Proxy Statement.

The Company has selected Return on Equity as the company-selected financial performance measure presented in the table below. Although the Company uses numerous financial and non-financial performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that Return on Equity is the financial performance measure that represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the Company’s Named Executive Officers for the most recently completed fiscal year.

					Average Summary Compensation Table Total		Average Compensation		Value of Initial Fixed $100 Investment Based On:
Fiscal Year Ended March 31,	Summary Compensation Table Total for PEO ⁽¹⁾		Compensation Actually Paid to PEO ⁽²⁾		Compensation for Non-PEO Named Executive Officers ⁽³⁾		Actually Paid to Non-PEO Named Executive Officers ⁽⁴⁾		Total Shareholder Return ⁽⁵⁾		Peer Group Total Shareholder Return ⁽⁵⁾		Net Income (dollars in thousands) ⁽⁶⁾		Return on Equity ⁽⁷⁾
2023	$	7,614,788	$	10,936,146	$	2,121,005	$	2,342,020	$	255.39	$	190.86	$	461,540		32.2	%
2022		6,635,750		6,645,203		2,340,739		2,311,876		221.62		200.39		374,247		24.6	%
2021		5,761,074		17,679,107		2,167,814		5,014,372		230.42		194.28		339,444		20.0	%

(1)

Mr. Haack has been our PEO for all three fiscal years included in this table. The dollar amounts reported in this column are the amounts of total compensation reported for Mr. Haack for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to the Summary Compensation Table on page 44 of this Proxy Statement.

(2)

The dollar amounts reported in this column represent the amount of the CAP for Mr. Haack, as computed in accordance with Item 402(v)(2)(iii) of Regulation S-K. Mr. Haack did not participate during these fiscal years in any defined benefit or actuarial benefit plans of the type that would be required to be reported in the Summary Compensation Table. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Haack’s total compensation for each year to determine CAP:

Fiscal Year Ended March 31,	Reported Summary Compensation Table Total for PEO		Reported Value of Equity Awards ^(a)			Equity Award Adjustments ^(b)		Compensation Actually Paid to PEO
2023	$	7,614,788	$	(4,500,000	)	$	7,821,358	$	10,936,146
2022		6,635,750		(4,000,000	)		4,009,453		6,645,203
2021		5,761,074		(3,500,000	)		15,418,033		17,679,107

(a)	This column deducts the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.

(b)

This column reflects the following adjustments in respect of stock awards and option awards for the covered fiscal year: (i) add the year-end fair value of any equity awards granted during the applicable year that are outstanding and unvested as of the end of the year; (ii) add the amount of change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) add, for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) add, for awards granted in prior years that vest in the covered fiscal year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value (whether positive or negative); (v) subtract, for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year; and (vi) add the dollar value of any dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:

Fiscal Year Ended March 31,	Year End Fair Value of Current Year Equity Awards that are Outstanding and Unvested		Year over Year Change in Fair Value of Prior Year Equity Awards that are Outstanding and Unvested			Fair Value as of Vesting Date of Current Year Equity Awards that Vested in the Current Year		Vesting Date Fair Value of Equity Awards Granted in Prior Years that Vested in the Current Year		Fair Value at End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Current Year			Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation		Total Equity Award Adjustments
2023	$	5,577,881	$	851,265		$	483,832	$	836,406	$	-		$	71,974	$	7,821,358
2022		3,595,107		(230,786	)		469,703		139,562		-			35,867		4,009,453
2021		10,258,679		2,348,248			1,311,816		1,621,794		(126,911	)		4,407		15,418,033

(3)

Our non-PEO Named Executive Officers in the fiscal years reported in this table are as follows: Fiscal 2023 includes Messrs. Kesler, Stewart, Newby, Wentzel and Graass; fiscal 2022 includes Messrs. Kesler, Stewart, Wentzel and Graass; and fiscal 2021 includes Messrs. Kesler, Stewart, Wentzel and Graass. The dollar amounts reported in this column represent the average of the amounts reported for the non-PEO Named Executive Officers as a group in the “Total” column of the Summary Compensation Table in each applicable year’s proxy statement.

(4)

The dollar amounts reported in this column represent the average amount of CAP for the non-PEO Named Executive Officers as a group, as computed in accordance with Item 402(v) of Regulation S-K. The non-PEO Named Executive Officers did not participate during these fiscal years in any defined benefit or actuarial benefit plans of the type that would be required to be reported in the Summary Compensation Table. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the non-PEO Named Executive Officers as a group for each year to determine the compensation actually paid, using the same methodology described above in footnote (2):

Fiscal Year Ended March 31,	Average Reported Summary Compensation Table Total for Non-PEO Named Executive Officers		Average Reported Value of Equity Awards			Average Equity Award Adjustments ^(a)		Average Compensation Actually Paid to Non-PEO Named Executive Officers
2023	$	2,121,005	$	(1,020,689	)	$	1,241,703	$	2,342,020
2022		2,340,739		(825,000	)		796,137		2,311,876
2021		2,167,814		(825,000	)		3,671,558		5,014,372

(a)	The amounts deducted or added in calculating the equity award adjustments are as follows:

Fiscal Year Ended March 31,	Year End Fair Value of Current Year Equity Awards that are Outstanding and Unvested		Year over Year Change in Fair Value of Prior Year Equity Awards that are Outstanding and Unvested			Fair Value as of Vesting Date of Current Year Equity Awards that Vested in the Current Year		Vesting Date Fair Value of Equity Awards Granted in Prior Years that Vested in the Current Year		Fair Value at End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Current Year			Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation		Total Equity Award Adjustments
2023	$	746,770	$	193,674		$	91,300	$	191,963	$	-		$	17,996	$	1,241,703
2022		741,536		(75,378	)		96,923		17,738		-			15,318		796,137
2021		1,986,465		855,472			251,781		611,815		(36,464	)		2,489		3,671,558

(5)	Each year reflects what the cumulative $100 investment would be, including the reinvestment of dividends, if such amount were invested on March 31, 2020. The peer group used for this purpose is the following published industry index: Dow Jones US Building Materials & Fixtures.

(6)	The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.

(7)

Return on Equity for a given fiscal year is defined as the net earnings of the Company for such fiscal year; divided by the Company’s average stockholders’ equity for such fiscal year (which is defined for any period to mean the Company’s total stockholders’ equity as of the beginning of such period plus the Company’s total stockholders’ equity at the end of such period; divided by 2). In calculating the average Return on Equity, the impact of certain extraordinary items not related to operating performance, including downward adjustment for the gain from the sale of non-core businesses, are excluded.

Named Executive Officers, Footnote [Text Block]

PEO Total Compensation Amount

$ 7,614,788

$ 6,635,750

$ 5,761,074

PEO Actually Paid Compensation Amount

$ 10,936,146

6,645,203

17,679,107

Adjustment To PEO Compensation, Footnote [Text Block]

In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Haack’s total compensation for each year to determine CAP:

Fiscal Year Ended March 31,	Reported Summary Compensation Table Total for PEO		Reported Value of Equity Awards ^(a)			Equity Award Adjustments ^(b)		Compensation Actually Paid to PEO
2023	$	7,614,788	$	(4,500,000	)	$	7,821,358	$	10,936,146
2022		6,635,750		(4,000,000	)		4,009,453		6,645,203
2021		5,761,074		(3,500,000	)		15,418,033		17,679,107

Non-PEO NEO Average Total Compensation Amount

$ 2,121,005

2,340,739

2,167,814

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,342,020

2,311,876

5,014,372

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the non-PEO Named Executive Officers as a group for each year to determine the compensation actually paid, using the same methodology described above in footnote (2):

Fiscal Year Ended March 31,	Average Reported Summary Compensation Table Total for Non-PEO Named Executive Officers		Average Reported Value of Equity Awards			Average Equity Award Adjustments ^(a)		Average Compensation Actually Paid to Non-PEO Named Executive Officers
2023	$	2,121,005	$	(1,020,689	)	$	1,241,703	$	2,342,020
2022		2,340,739		(825,000	)		796,137		2,311,876
2021		2,167,814		(825,000	)		3,671,558		5,014,372