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Stock Compensation (Tables)
12 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock and Restricted Stock Units Activity
A summary of non-vested restricted stock activity for the year ended March 31, 2025 is as follows:
Restricted
Stock
Weighted
Average
Grant Day
Fair Value
Non-vested restricted stock outstanding at March 31, 2024502,574 $43.19 
Granted33,834 34.30 
Vested(227,208)43.80 
Forfeited(39,401)43.96 
Non-vested restricted stock outstanding at March 31, 2025269,799 $41.47 
Schedule of Restricted Stock Activity
The following table reflects activity related to the Company’s restricted stock for the years ended March 31, 2025 and 2024:
20252024
Weighted-average grant-date fair value per unit granted$34.30 $33.45 
Fair value of restricted stock units vested (in thousands) $9,951 $10,918 
Summary of Performance Stock Activity
A summary of the performance-based restricted stock unit activity for the year ended March 31, 2025 is as follows:
Performance StockWeighted
Average
Grant Day
Fair Value
Performance stock outstanding at March 31, 2024153,732 $44.44 
Granted97,631 20.49 
Vested(49,217)61.43 
Forfeited/cancelled(202,146)16.71 
Performance stock outstanding at March 31, 2025— $— 
Summary of Performance Shares Activity
The following table reflects activity related to the Company’s performance-based restricted stock units for the years ended March 31, 2025 and 2024:
20252024
Weighted-average grant-date fair value per unit granted$20.49 $30.89 
Fair value of Performance stock units vested (in thousands) $3,023 $— 
Summary of Assumptions used to Calculate Fair Value of Performance-Based Restricted Units
The following assumptions were used to calculate the grant date fair value of performance-based stock options with market price condition using the Monte Carlo simulation model:
October 4, 2024
Risk-free interest rate3.83%
Dividend yield—%
Volatility48.42%
Simulation term6.5 years
Forfeiture rate—%
Summary of Stock Option Activity
A summary of Stock Option activity for the year ended March 31, 2025 is as follows:
OptionsWeighted Average Exercise Price Weighted Average Contractual TermAggregate Intrinsic Value
Options outstanding at March 31, 20241,617,886 $39.52 
Options granted553,724 31.31 
Options exercised(253,540)23.67 
Options forfeited/expired/cancelled(252,305)41.39 
Options outstanding at March 31, 20251,665,765 $38.31 6.39$5,391,774 
Exercisable at March 31, 2025837,524 $42.74 3.58$2,146,702 
Total vested or expected to vest at March 31, 20251,665,604 $38.30 6.39$5,391,774 
Summary of Assumptions used to Calculate Fair Value of Options
The following assumptions were used to calculate the fair value of stock options:
Year EndedYear Ended
March 31, 2025March 31, 2024
Risk-free interest rate
3.72% to 4.43%
3.90% to 4.22%
Dividend yield—%—%
Volatility
47.11% to 48.33%
49.23% to 49.54%
Expected term
5.79 years to 6.21 years
5.39 years to 5.72 years
Forfeiture rate
—% to 4%
—% to 3%
Weighted-average grant-date fair value per option granted$31.31 $36.10 
Summary of Performance Stock Options
A summary of the Performance-Based Stock Options for the year ended March 31, 2025 is as follows:
Performance OptionsWeighted Average Exercise Price
Performance Options outstanding at March 31, 202433,782 $46.85 
Performance Options granted336,411 35.66 
Performance Options exercised— — 
Performance Options forfeited/expired/cancelled(213,487)35.66 
Performance Options outstanding at March 31, 2025156,706 $38.07 
Summary of Share Repurchase Activity
The following table presents the share repurchase activity for Fiscal 2025 and Fiscal 2024 (in thousands, except per share data):

For the years ended March 31,
20252024
Number of shares repurchased and retired245 736 
Average price paid per share*$33.71 $33.72 
Total cost to repurchase$8,398 $24,676 
* Average price paid per share includes costs associated with the repurchases, excluding excise taxes associated with the share repurchases.