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Share-Based Compensation (Tables)
 3 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Compensation Expense Information The following table provides information regarding our stock-based compensation:
Three Months Ended June 30,
(In thousands)20212020
Pre-tax share-based compensation costs charged against income$1,878 $1,464 
Income tax benefit recognized on compensation costs$143 $112 
Total fair value of options and RSUs vested during the period$7,006 $5,781 
Cash received from the exercise of stock options$2,204 $1,216 
Tax benefits realized from tax deductions resulting from RSU issuances and stock option exercises$1,721 $944 
Summary of Restricted Shares A summary of the RSUs granted under the 2005 Plan and the 2020 Plan is presented below:
 
 
 
RSUs
 
Shares
(in thousands)
Weighted
Average
Grant-Date
Fair Value
Three Months Ended June 30, 2020
Vested and unvested at March 31, 2020512.1 $32.49 
Granted153.6 39.98 
Vested and issued(74.0)44.38 
Forfeited(4.7)56.11 
Vested and unvested at June 30, 2020587.0 32.76 
Vested at June 30, 2020124.2 30.54 
   
Three Months Ended June 30, 2021
Vested and unvested at March 31, 2021607.4 $33.02 
Granted152.1 44.33 
Vested and issued(144.5)30.57 
Forfeited(23.1)30.17 
Vested and unvested at June 30, 2021591.9 36.64 
Vested at June 30, 2021151.3 32.03 
Fair Value of Options Granted The fair value of each award is estimated on the date of grant using the Black-Scholes Option Pricing Model that uses the assumptions presented below:
 Three Months Ended June 30,
 2021 2020
Expected volatility
31.2% - 31.9%
 
32.1% - 32.2%
Expected dividends$—  $— 
Expected term in years
6.0 to 7.0
 
6.0 to 7.0
Risk-free rate1.3 % 
0.5%
Weighted average grant date fair value of options granted$14.77 $12.91 
Stock Option Activity A summary of option activity under the 2005 Plan and the 2020 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, 2020
Outstanding at March 31, 20201,020.2 $35.90 
Granted249.9 39.98 
Exercised(60.5)20.10 
Forfeited or expired— — 
Outstanding at June 30, 20201,209.6 37.53 7.3$5,770 
Vested at June 30, 2020701.5 39.36 5.9$3,874 
Three Months Ended June 30, 2021    
Outstanding at March 31, 20211,114.9 $37.92 
Granted222.7 44.33 
Exercised(67.9)32.49 
Forfeited or expired(17.6)46.09 
Outstanding at June 30, 20211,252.1 39.24 6.9$17,068 
Vested at June 30, 2021779.5 38.72 5.6$11,399