Executive Stock Plans And Stock-Based Compensation (Tables)

12 Months Ended

Mar. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary Of Stock Option And SAR Activity

The following tables summarize the Company’s stock option and SAR activity and related information for fiscal years 2015 through 2017:



	Shares		Weighted-Average Exercise Price
Fiscal Year Ended March 31, 2015:
Outstanding at beginning of year	257,340		$	54.83
Exercised	(63,539	)	38.50
Cancelled/expired	(24,200	)	62.66
Outstanding at end of year	169,601		59.82

Fiscal Year Ended March 31, 2016:
Exercised	(6,200	)	51.32
Cancelled/expired	(11,200	)	62.66
Outstanding at end of year	152,201		59.96

Fiscal Year Ended March 31, 2017:
Exercised	(135,334	)	61.72
Cancelled/expired	(16,867	)	45.82
Outstanding at end of year	—		$	—

As indicated in the table, with the exercise and/or expiration of all remaining SARs during fiscal year 2017, there were no SARs or stock options outstanding at March 31, 2017.

Intrinsic Value And Fair Value Of SARs



	Fiscal Year Ended March 31,
	2017		2016		2015
Total intrinsic value of stock options and SARs exercised	$	555	$	26	$	1,091
Total fair value of SARs vested	$	—	$	—	$	375

Intrinsic value in the above table is based on the difference between the market price of the underlying shares at the exercise date and the exercise price of the SARs or stock options.

Summary Of RSU, Restricted Stock, And PSA Activity

The following table summarizes the Company’s RSU, restricted stock, and PSA activity for fiscal years 2015 through 2017:



	RSUs				Restricted Stock				PSAs
	Shares		Weighted-Average Grant Date Fair Value		Shares		Weighted-Average Grant Date Fair Value		Shares		Weighted-Average Grant Date Fair Value
Fiscal Year Ended March 31, 2015:
Unvested at beginning of year	293,180		$	44.33	48,100		$	42.33	149,387		$	41.76
Granted	94,539		51.86		—		—		57,580		46.41
Vested	(123,322	)	42.02		—		—		(50,092	)	31.95
Forfeited	—		—		—		—		(3,400	)	53.56
Unvested at end of year	264,397		48.10		48,100		42.33		153,475		45.58

Fiscal Year Ended March 31, 2016:
Granted	80,932		51.62		—		—		86,212		45.06
Vested	(42,384	)	41.64		—		—		(85,387	)	38.14
Unvested at end of year	302,945		49.95		48,100		42.33		154,300		48.13

Fiscal Year Ended March 31, 2017:
Granted	74,776		55.27		—		—		58,805		49.17
Vested	(51,544	)	44.57		(17,900	)	42.26		(52,230	)	53.56
Forfeited	(539	)	55.63		—		—		(525	)	49.17
Unvested at end of year	325,638		$	52.01	30,200		$	42.37	160,350		$	46.86

Stock-Based Compensation Expense And Related Income Tax Benefit Recognized

For the fiscal years ended March 31, 2017, 2016, and 2015, total stock-based compensation expense and the related income tax benefit recognized were as follows:



	Fiscal Year Ended March 31,
	2017		2016		2015
Total stock-based compensation expense	$	6,475	$	5,206	$	6,230
Income tax benefit recorded on stock-based compensation expense	$	2,266	$	1,822	$	2,181