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Share-Based Compensation (Tables)
3 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement [Abstract]  
Summary of Restricted Shares

A summary of the RSUs granted under the Plan is presented below:
 
 
 
RSUs
 
 
Shares
(in thousands)
 
Weighted
Average
Grant-Date
Fair Value
Three Months Ended June 30, 2018
 
 
 
 
Vested and nonvested at March 31, 2018
 
393.5

 
$
44.13

Granted
 
203.8

 
29.46

Vested and issued
 
(173.4
)
 
43.00

Forfeited
 
(31.1
)
 
48.32

Vested and nonvested at June 30, 2018
 
392.8

 
36.68

Vested at June 30, 2018
 
90.5

 
29.88

 
 
 

 
 

Three Months Ended June 30, 2019
 
 
 
 
Vested and nonvested at March 31, 2019
 
413.0

 
$
36.58

Granted
 
195.2

 
30.55

Vested and issued
 
(61.8
)
 
48.04

Forfeited
 
(25.2
)
 
36.85

Vested and nonvested at June 30, 2019
 
521.2

 
32.94

Vested at June 30, 2019
 
113.2

 
31.05


Fair Value of Options Granted
The weighted average grant-date fair values of the options granted during the three months ended June 30, 2019 and 2018 were $10.83 and $10.22, respectively.
 
 
Three Months Ended June 30,
 
 
2019
 
2018
Expected volatility
 
30.9% - 31.3%

 
29.6
%
Expected dividends
 
$

 
$

Expected term in years
 
6.0 to 7.0

 
6.0

Risk-free rate
 
2.3% to 2.4%

 
2.9
%


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)
Three Months Ended June 30, 2018
 
 
 
 
 
 
 
 
Outstanding at March 31, 2018
 
873.2

 
$
41.79

 
 
 
 
Granted
 
294.5

 
29.46

 
 
 
 
Exercised
 
(32.8
)
 
26.81

 
 
 
 
Forfeited or expired
 
(72.7
)
 
45.00

 
 
 
 
Outstanding at June 30, 2018
 
1,062.2

 
38.61

 
7.6
 
$
6,573

Vested at June 30, 2018
 
599.8

 
37.99

 
6.2
 
$
4,054

 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2019
 
 

 
 

 
 
 
 

Outstanding at March 31, 2019
 
944.6

 
$
38.45

 
 
 
 
Granted
 
302.7

 
30.53

 
 
 
 
Exercised
 
(9.3
)
 
29.46

 
 
 
 
Forfeited or expired
 
(95.9
)
 
42.62

 
 
 
 
Outstanding at June 30, 2019
 
1,142.1

 
36.07

 
7.5
 
$
2,540

Vested at June 30, 2019
 
628.6

 
38.70

 
6.0
 
$
2,206