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Share-Based Compensation (Tables)

9 Months Ended

Dec. 31, 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
Nine Months Ended December 31, 2018
Vested and nonvested at March 31, 2018						393.5						$	44.13
Granted						226.4						30.09
Vested and issued						(175.8)						43.05
Forfeited						(31.1)						48.32
Vested and nonvested at December 31, 2018						413.0						36.58
Vested at December 31, 2018						113.2						31.05
Nine Months Ended December 31, 2019
Vested and nonvested at March 31, 2019						413.0						$	36.58
Granted						220.3						31.02
Vested and issued						(73.0)						47.68
Forfeited						(34.2)						35.97
Vested and nonvested at December 31, 2019						526.1						32.74
Vested at December 31, 2019						138.3						31.71

Fair Value of Options Granted

The weighted average grant-date fair values of the options granted during the nine months ended December 31, 2019 and 2018 were $10.83 and $10.22, respectively.

						Nine Months Ended December 31,
						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)
Nine Months Ended December 31, 2018
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 December 31, 2018						944.6						38.45						7.2						$	2,477
Vested at December 31, 2018						499.4						37.87						5.8						$	2,076
Nine Months Ended December 31, 2019
Outstanding at March 31, 2019						944.6						$	38.45
Granted						302.7						30.53
Exercised						(36.0)						27.96
Forfeited or expired						(155.3)						41.18
Outstanding at December 31, 2019						1,056.0						36.14						6.9						$	9,035
Vested at December 31, 2019						602.0						38.90						5.4						$	4,756

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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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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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