XML 132 R93.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Earnings per Share and Stock Plans - Narrative (Details)
1 Months Ended 12 Months Ended
Jun. 30, 2019
shares
Mar. 31, 2024
USD ($)
$ / shares
shares
Mar. 31, 2023
USD ($)
$ / shares
shares
Mar. 31, 2022
USD ($)
$ / shares
shares
May 13, 2024
USD ($)
Mar. 18, 2024
$ / shares
Mar. 31, 2021
$ / shares
Mar. 26, 2019
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Common shares not included in the computation of diluted loss per share because they were antidilutive (in shares) | shares   479,000 651,000          
Treasury stock (in shares) | shares     31,000          
Treasury stock, value     $ 1,001,000          
Share-based payment arrangement, amount   $ 2,825,000            
Quarterly dividend rate (in dollars per share) | $ / shares           $ 0.07    
Annual dividend rate (in dollars per share) | $ / shares           $ 0.28    
Stock repurchase program, authorized amount               $ 20,000,000
Payments for repurchase of common stock   $ 0 1,001,000 $ 0        
Subsequent Event                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Dividend distribution declared per preferred share purchase right         $ 2,020,000      
2016 LTIP                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Share-based payment award, number of additional shares authorized (in shares) | shares 2,500,000              
Long Term Incentive Plan                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Total number of shares of common stock which may be granted under the plan (in shares) | shares   2,500,000            
Long Term Incentive Plan | Cost of Goods Sold, Selling, and General and Administrative                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Stock based compensation expense   $ 12,039,000 $ 10,425,000 $ 11,246,000        
Performance Shares                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Common shares not included in the computation of diluted loss per share because they were antidilutive (in shares) | shares   165,000 179,000          
Period options generally become exercisable   3 years            
Weighted average fair value grant price (in dollars per share) | $ / shares   $ 36.13 $ 34.49 $ 35.35     $ 29.58  
ESOP Debt Guarantee                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Weighted-average exercise price (in dollars per share) | $ / shares   $ 35.37 $ 34.54 $ 33.82     $ 27.45  
ESOP Debt Guarantee | Long Term Incentive Plan                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Shares available for future grants (in shares) | shares   339,000            
Vesting percentage   33.00%            
Period options generally become exercisable   3 years            
Share based compensation, exercise price, percent of fair market value   1            
Number of options outstanding, in-the-money (in shares) | shares   1,048,000            
Number of options, exercisable, in-the-money | shares   499,000            
Closing stock price (in dollars per share) | $ / shares   $ 44.63            
Total intrinsic value of stock options exercised   $ 870,000 $ 360,000 $ 2,513,000        
Grant date fair value of options that vested (in dollars per share) | $ / shares   $ 11.00 $ 10.36 $ 11.19        
Unrecognized compensation cost related to non-vested stock options   $ 3,277,000            
Weighted average period of recognition for unrecognized compensation cost   2 years            
Weighted-average fair value of options (in dollars per share) | $ / shares   $ 12.97 $ 11.13 $ 17.71        
ESOP Debt Guarantee | Long Term Incentive Plan | Minimum                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Weighted-average exercise price (in dollars per share) | $ / shares   15.16            
ESOP Debt Guarantee | Long Term Incentive Plan | Maximum                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Weighted-average exercise price (in dollars per share) | $ / shares   $ 38.70            
ESOP Debt Guarantee | Stock Incentive Plan of Magnetek                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Shares available for future grants (in shares) | shares   164,461            
Restricted Stock | Long Term Incentive Plan                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Weighted average period of recognition for unrecognized compensation cost   1 year 8 months 12 days            
Total unrecognized compensation cost related to unvested restricted stock units   $ 2,996,000            
Fair value of restricted stock units that vested during the period   $ 5,720,000 $ 4,713,000          
Restricted Stock | Long Term Incentive Plan | Share-Based Payment Arrangement, Tranche One                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Vesting percentage   33.33%            
Restricted Stock | Long Term Incentive Plan | Share-Based Payment Arrangement, Tranche Three                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Vesting percentage   33.33%            
Restricted Stock | Long Term Incentive Plan | Share-Based Payment Arrangement, Tranche Two                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Vesting percentage   33.33%            
Directors Stock Plan | Long Term Incentive Plan                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Stock based compensation expense   $ 1,174,000 $ 1,194,000 $ 959,000        
Shares of stock granted under the LTIP to non-executive directors (in shares) | shares   28,512 41,313 21,928        
Weighted average fair value grant price (in dollars per share) | $ / shares   $ 41.17 $ 28.91 $ 43.73