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Stock-Based Compensation (Tables) | 6 Months Ended
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Sep. 30, 2022
Stock-Based Compensation [Abstract] |
Fair Value of Stock-Based Compensation Awards | The fair value of stock-based compensation awards granted during the six months ended September 30, 2022 and 2021 were as follows:
|  | Six months ended September 30, |
|  | 2022 |  |  | 2021 |
|  | Shares |  |  | Fair Value Per Award |  |  | Shares |  |  | Fair Value Per Award |
Stock options |  |  | 0.2 |  |  | $ | 6.97 |  |  |  | 0.2 |  |  | $ | 8.98 |
Restricted stock awards |  |  | 0.4 |  |  | $ | 12.51 |  |  |  | 0.3 |  |  | $ | 15.97 |
Unrestricted stock awards |  |  | - |  |  |  | - |  |  |  | 0.1 |  |  | $ | 15.93 |
Assumptions Used in Determining Fair Value of Stock Options | The Company used the following assumptions in determining fair value for stock options:
|  | Six months ended September 30, |
|  | 2022 |  |  | 2021 |
Expected life of awards in years |  |  | 6.0 |  |  |  | 6.1 |
Risk-free interest rate |  |  | 3.0 | % |  |  | 1.0 | %
Expected volatility of the Company’s stock |  |  | 57.8 | % |  |  | 56.4 | %
Expected dividend yield on the Company’s stock |  |  | 0.0 | % |  |  | 0.0 | %
Unrecognized Compensation Expense Related to Non-Vested Stock-Based Compensation Awards | As of September 30, 2022, unrecognized compensation expense related to non-vested stock-based compensation awards, which will be recognized as expense over the remaining service periods, was as follows:
|  | Unrecognized Compensation Expense |  |  | Weighted-Average Remaining Service Period in Years |
Stock options |  | $ | 2.9 |  |  |  | 2.5 |
Restricted stock awards |  |  | 6.7 |  |  |  | 2.3 |
Total |  | $ | 9.6 |  |  |  | 2.4 |

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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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- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + 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 (i) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year. + 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)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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