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Share-Based Compensation (Tables)

12 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [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
Vested and unvested at March 31, 2017						350.1						$	39.29
Granted						105.8						55.61
Vested and issued						(53.3)						34.30
Forfeited						(9.1)						48.76
Vested and unvested at March 31, 2018						393.5						44.13
Vested at March 31, 2018						90.5						29.88
Granted						226.4						30.09
Vested and issued						(175.8)						43.05
Forfeited						(31.1)						48.32
Vested and unvested at March 31, 2019						413.0						36.58
Vested at March 31, 2019						113.2						31.05
Granted						220.3						31.02
Vested and issued						(87.0)						46.78
Forfeited						(34.2)						35.97
Vested and unvested at March 31, 2020						512.1						32.49
Vested at March 31, 2020						124.2						30.54

Stock Options, Valuation Assumptions

			Year Ended March 31,
			2020						2019						2018
Expected volatility			30.9-31.3		%				29.6		%				35.2		%
Expected dividends			—						—						—
Expected term in years			6.0 to 7.0						6.0						6.0
Risk-free rate			2.3% to 2.4%						2.9		%				2.2		%
Weighted-average grant date fair value of options granted			$	10.83					$	10.22					$	21.20

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						Aggregate Intrinsic Value (in thousands)
Outstanding at March 31, 2017						772.3						$	37.70
Granted						182.8						56.11
Exercised						(55.7)						29.08
Forfeited or expired						(26.2)						48.19
Outstanding at March 31, 2018						873.2						41.79
Granted						294.5						29.46
Exercised						(97.7)						30.02
Forfeited or expired						(125.4)						47.16
Outstanding at March 31, 2019						944.6						38.45
Granted						302.7						30.53
Exercised						(47.9)						27.60
Forfeited or expired						(179.2)						42.49
Outstanding at March 31, 2020						1,020.2						35.90						6.7						$	6,214
Exercisable at March 31, 2020						566.2						38.66						5.2						$	3,514

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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.

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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.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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