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STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
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Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Options | The following table summarizes the activity relating to the Company’s market-based stock options for the six-month period ended September 30, 2024:
| Options |  | Weighted- Average Exercise Price |  | Weighted Average Contractual Remaining Term (years) |  | Aggregate Intrinsic Values (in thousands)
Outstanding as of April 1, 2024 | 5,445 |  |  | 13.39 |  |  | — |  |  | — |
Granted | — |  |  | — |  |  | — |  |  | — |
Exercised | — |  |  | — |  |  | — |  |  | — |
Forfeited | (50) |  |  | 3.13 |  |  | — |  |  | — |
Outstanding as of September 30, 2024 | 5,395 |  |  | 13.48 |  | 7.46 |  | $ | 2,293 |
Vested as of September 30, 2024 | — |  |  | — |  |  | — |  |  | $ | — |
The following table summarizes the activity relating to the Company’s stock options, excluding the market-based stock options, for the six-month period ended September 30, 2024:
| Options |  | Weighted- Average Exercise Price |  | Weighted Average Contractual Remaining Term (years) |  | Aggregate Intrinsic Values (in thousands)
Outstanding as of April 1, 2024 | 1,979 |  |  | 4.68 |  |  | — |  |  | — |
Granted | 375 |  |  | 4.31 |  |  | — |  |  | — |
Exercised | — |  |  | — |  |  | — |  |  | — |
Forfeited | (45) |  |  | 5.96 |  |  | — |  |  | — |
Outstanding as of September 30, 2024 | 2,309 |  |  | 4.59 |  | 6.82 |  | $ | 1,600 |
Vested as of September 30, 2024 | 1,972 |  |  | 4.64 |  |  | 6.33 |  | $ | 1,370 |
Schedule of Fair Value Valuation Assumptions | The fair value of each option grant on the date of grant is estimated using the Black-Scholes option-pricing model reflecting the following weighted-average assumptions:
|  | September 30, 2023 |  | September 30, 2024
Expected volatility |  | 55.6 | % |  | 60.2 | %
Expected life of options |  | 6.1 |  | 6.5
Risk free interest rate |  | 3.87 | % |  | 4.23 | %
Dividend yield |  | — |  |  | — |
Weighted-average fair value of options granted during the year |  | $1.66 |  | $2.66
Schedule of Restricted Stock Activity | A summary of all unvested restricted stock for the six-month period ended September 30, 2024 is as follows:
|  | Number of Unvested Shares |  | Weighted- Average Grant Date Fair Value
Unvested, March 31, 2024 |  | 1,370 |  |  | 2.68 |
Granted |  | 54 |  |  | 5.45 |
Vested |  | (1,370) |  |  | 2.68 |
Forfeited or expired |  | — |  |  | — |
Unvested, September 30, 2024 |  | 54 |  |  | 5.45 |
Schedule of Unvested SARs Activities | The following table summarizes the activities for the outstanding SARs:
| Number of SARs |  | Weighted- Average Exercise Price |  | Weighted Average Contractual Remaining Term (years) |  | Aggregate Intrinsic Values (in thousands)
Outstanding as of April 1, 2024 | — |  |  | — |  |  |  |  |
Acquired through MiX Combination | 5,740 |  |  | 2.61 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Exercised | (677) |  |  | 2.97 |  |  |  |  |
Forfeited | (491) |  |  | 2.42 |  |  |  |  |
Outstanding as of September 30, 2024 | 4,572 |  |  | 2.57 |  | 3.16 |  |
Vested as of September 30, 2024 | 1,420 |  |  | 3.08 |  |  | 1.41 |  | $ | 2,710 |

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition 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. + References No definition available. + Details
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