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Share-Based Compensation (Tables)
6 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Restricted Shares
A summary of the Company's restricted stock units granted under the Plan is presented below:
 
 
 
Restricted Stock Units
 
 
Shares
(in thousands)
 
Weighted-
Average
Grant-Date
Fair Value
Six months ended September 30, 2015
 
 
 
 
Vested and nonvested at March 31, 2015
 
362.3

 
$
22.74

Granted
 
259.5

 
42.20

Vested and issued
 
(153.6
)
 
18.16

Forfeited
 
(1.4
)
 
33.50

Vested and nonvested at September 30, 2015
 
466.8

 
35.03

Vested at September 30, 2015
 
69.8

 
14.76

 
 
 

 
 

Six months ended September 30, 2016
 
 
 
 
Vested and nonvested at March 31, 2016
 
467.8

 
$
35.22

Granted
 
65.8

 
55.65

Vested and issued
 
(92.7
)
 
28.47

Forfeited
 
(91.0
)
 
41.69

Vested and nonvested at September 30, 2016
 
349.9

 
39.16

Vested at September 30, 2016
 
63.4

 
20.12

Fair Value of Options Granted
 
 
Six months ended September 30,
 
 
2016
 
2015
Expected volatility
 
37.8
%
 
40.2
%
Expected dividends
 
$

 
$

Expected term in years
 
6.0

 
6.0

Risk-free rate
 
1.7
%
 
1.7
%
Stock Option Activity
A summary of option activity under the Plan is as follows:
 
 
 
 
Options
 
 
 
Shares
(in thousands)
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term (years)
 
Aggregate
Intrinsic
Value
(in thousands)
Six months ended September 30, 2015
 
 
 
 
 
 
 
 
Outstanding at March 31, 2015
 
871.2

 
$
23.40

 
 
 
 
Granted
 
200.1

 
41.80

 
 
 
 
Exercised
 
(336.9
)
 
18.99

 
 
 
 
Forfeited or expired
 
(2.1
)
 
38.16

 
 
 
 
Outstanding at September 30, 2015
 
732.3

 
30.42

 
8.1
 
$
10,816

Exercisable at September 30, 2015
 
319.5

 
21.91

 
7.0
 
$
7,430

 
 
 
 
 
 
 
 
 
Six months ended September 30, 2016
 
 

 
 

 
 
 
 

Outstanding at March 31, 2016
 
727.7

 
$
30.70

 
 
 
 
Granted
 
250.6

 
56.17

 
 
 
 
Exercised
 
(107.1
)
 
31.97

 
 
 
 
Forfeited or expired
 
(90.7
)
 
42.56

 
 
 
 
Outstanding at September 30, 2016
 
780.5

 
37.33

 
7.5
 
$
10,326

Exercisable at September 30, 2016
 
383.7

 
25.61

 
6.5
 
$
8,693