XML 46 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share-Based Compensation (Tables)
9 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Restricted Shares
A summary of the Company's RSUs granted under the Plan is presented below:
 
 
 
RSUs
 
 
Shares
(in thousands)
 
Weighted-
Average
Grant-Date
Fair Value
Nine Months Ended December 31, 2016
 
 
 
 
Vested and nonvested at March 31, 2016
 
467.8

 
$
35.22

Granted
 
68.4

 
55.44

Vested and issued
 
(94.7
)
 
28.51

Forfeited
 
(91.4
)
 
41.71

Vested and nonvested at December 31, 2016
 
350.1

 
39.29

Vested at December 31, 2016
 
63.4

 
20.12

 
 
 

 
 

Nine Months Ended December 31, 2017
 
 
 
 
Vested and nonvested at March 31, 2017
 
350.1

 
$
39.29

Granted
 
105.8

 
55.61

Vested and issued
 
(53.3
)
 
34.30

Forfeited
 
(8.8
)
 
48.49

Vested and nonvested at December 31, 2017
 
393.8

 
44.14

Vested at December 31, 2017
 
90.5

 
29.88

Fair Value of Options Granted
The weighted-average grant-date fair values of the options granted during the nine months ended December 31, 2017 and 2016 were $21.20 and $21.75, respectively.
 
 
Nine Months Ended December 31,
 
 
2017
 
2016
Expected volatility
 
35.2
%
 
37.8
%
Expected dividends
 
$

 
$

Expected term in years
 
6.0

 
6.0

Risk-free rate
 
2.2
%
 
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)
Nine Months Ended December 31, 2016
 
 
 
 
 
 
 
 
Outstanding at March 31, 2016
 
727.7

 
$
30.70

 
 
 
 
Granted
 
264.3

 
55.86

 
 
 
 
Exercised
 
(107.9
)
 
31.91

 
 
 
 
Forfeited or expired
 
(92.2
)
 
42.62

 
 
 
 
Outstanding at December 31, 2016
 
791.9

 
37.54

 
7.4
 
$
12,543

Exercisable at December 31, 2016
 
387.0

 
25.70

 
6.3
 
$
10,217

 
 
 
 
 
 
 
 
 
Nine Months Ended December 31, 2017
 
 

 
 

 
 
 
 

Outstanding at March 31, 2017
 
772.3

 
$
37.70

 
 
 
 
Granted
 
182.8

 
56.11

 
 
 
 
Exercised
 
(51.0
)
 
28.76

 
 
 
 
Forfeited or expired
 
(22.1
)
 
48.15

 
 
 
 
Outstanding at December 31, 2017
 
882.0

 
41.77

 
7.2
 
$
7,019

Exercisable at December 31, 2017
 
502.9

 
32.50

 
6.1
 
$
6,884