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Share-based Payments (Tables)

3 Months Ended

Jun. 30, 2020

Share-based Payments [Abstract]

Black-Scholes Option Pricing Model Assumptions Used to Derive Weighted Average Fair Value of Stock Options Granted

The following assumptions were used to derive the weighted average fair value of the stock options granted:

		Three Months Ended June 30,
		2020
Weighted average risk free interest rate			0.44	%
Weighted average expected holding period (years)			5.97
Weighted average expected volatility			44.92	%
Weighted average expected dividend yield			-
Weighted average fair value of options granted		$	6.43

Stock Option Transactions

The following is a summary of stock option transactions:

		Number of Shares				Weighted Average Exercise Price
Outstanding at March 31, 2020			1,536,123			$	18.18
Granted			341,825			$	15.14
Exercised			(3,000	)		$	6.62
Forfeited			(11,509	)		$	24.20
Outstanding at June 30, 2020			1,863,439			$	17.60

Restricted Stock Units Activity

The following is a summary of non-vested RSUs:

		Number of Shares				Weighted Average Grant Date Fair Value
Outstanding at March 31, 2020			201,983			$	20.06
Granted			112,293			$	15.15
Vested			(43,929	)		$	22.63
Outstanding at June 30, 2020			270,347			$	17.60

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
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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.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
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