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Stock-Based Compensation (Tables) | 12 Months Ended
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Mar. 31, 2022
Stock-Based Compensation [Abstract] |
Assumptions Used in Determining Fair Value of Options | The Company estimated the fair value of option awards on the date of grant using the Black-Scholes option valuation model and the following assumptions:
|  | Years ended March 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Fair value of options |  | $ | 8.79 |  |  | $ | 3.46 |  |  | $ | 5.56 |
Expected life of awards in years |  |  | 6.1 |  |  |  | 6.1 |  |  |  | 6.3 |
Risk-free interest rate |  |  | 1.1 | % |  |  | 0.4 | % |  |  | 2.2 | %
Expected volatility of the Company’s stock |  |  | 56.5 | % |  |  | 54.1 | % |  |  | 39.2 | %
Expected dividend yield on the Company’s stock |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | %
Stock Option Activity | A summary of stock option activity for fiscal 2022 was as follows:
|  | Shares |  |  | Weighted-average exercise price |  |  | Weighted-average remaining contractual term (years) |  |  | Aggregate intrinsic value |
Outstanding, beginning of year |  |  | 1.1 |  |  | $ | 11.63 |  |  |  |  |  |  |
Granted |  |  | 0.2 |  |  |  | 16.64 |  |  |  |  |  |  |
Exercised |  |  | (0.1 | ) |  |  | 13.72 |  |  |  |  |  |  |
Forfeited or expired |  |  | (0.2 | ) |  |  | 13.51 |  |  |  |  |  |  |
Outstanding, end of year |  |  | 1.0 |  |  | $ | 12.12 |  |  |  | 6.8 |  |  | $ | 0.7 |
Exercisable, March 31, 2022 |  |  | 0.5 |  |  | $ | 12.47 |  |  |  | 5.1 |  |  | $ | 0.2 |
Information Related to Stock Options Exercised | Additional information related to stock options exercised is as follows:
|  | Years ended March 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Intrinsic value of stock options exercised |  | $ | 0.1 |  |  | $ | 1.4 |  |  | $ | 0.1 |
Proceeds from stock options exercised |  |  | 1.4 |  |  |  | 4.1 |  |  |  | 0.1 |
Restricted Stock Activity | A summary of restricted stock activity for fiscal 2022 was as follows:
|  | Shares |  |  | Weighted-average price |
Non-vested balance, beginning of year |  |  | 0.7 |  |  | $ | 10.05 |
Granted |  |  | 0.4 |  |  |  | 15.13 |
Vested |  |  | (0.3 | ) |  |  | 12.05 |
Forfeited |  |  | (0.1 | ) |  |  | 12.44 |
Non-vested balance, end of year |  |  | 0.7 |  |  | $ | 11.61 |

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- Definition Tabular disclosure of cash received from exercise of stock options and similar instruments granted under share-based payment arrangements and tax benefit from exercise of stock options. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2A -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120381028&loc=SL79508275-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + 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 (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition 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. + 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 (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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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 http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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