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Share-based Payments (Tables)
 12 Months Ended
Mar. 31, 2024
Share-based Payments [Abstract]  
Black-Scholes Option Pricing Model Assumptions Used to Derive Weighted Average Fair Value of Stock Options Granted The following summarizes the Black-Scholes option-pricing model assumptions used to derive the weighted average fair value of the stock options granted during the year ended March 31, 2024.

   
Year Ended March 31,
   
2024
      
Weighted average risk free interest rate
    
4.53
%
Weighted average expected holding period (years)
    
6.57
Weighted average expected volatility
    
51.29
%
Weighted average expected dividend yield
    
-
  
Weighted average fair value of options granted
  
$
3.75
  
Stock Option Activity
The following is a summary of stock option transactions:

   
Number of
    
Weighted Average
  
 
  
Shares
    
Exercise Price
  
 
            
Outstanding at March 31, 2023
    
1,232,745
    
$
20.20
  
Granted
    
132,133
    
$
9.32
  
Exercised
    
-
 
$
-
  
Forfeited/Cancelled
    
(116,328
)
  
$
19.70
  
Expired
     (140,533 )   $
 9.66  
Outstanding at March 31, 2024
    
1,108,017
    
$
20.29
  
Summary of Options Outstanding
The following summarizes information about the options outstanding at March 31, 2024:

     
Options Outstanding
  
Options Exercisable
                   Weighted                    Weighted    
             Weighted      Average              Weighted      Average    
             Average      Remaining    Aggregate          Average      Remaining    Aggregate
Range of
            Exercise      Life    Intrinsic          Exercise      Life    Intrinsic
Exercise price
    
Shares
    
Price
    
In Years
  
Value
  
Shares
    
Price
    
In Years
  
Value
$
9.32 to $17.38
      
341,027
    
$
12.99
      
7.43
  
 
    
208,894
    
$
15.32
      
6.14
  
 
$
19.00 to $22.73
      
410,633
      
19.58
      
4.78
  
 
    
410,633
      
19.58
      
4.78
  
 
$
22.93 to $27.40
      
164,133
      
26.35
      
2.55
  
 
    
164,133
      
26.35
      
2.55
  
 
$
28.68 to $31.13
      
192,224
      
29.60
      
1.95
  
 
    
192,224
      
29.60
      
1.95
  
 
         
1,108,017
    
$
20.29
      
4.77
 $
-
    
975,884
    
$
21.78
      
4.14
 $
-
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, 2023
    
429,354
    
$
15.07
  
Granted
    
100,624
    
$
7.95
  
Vested
    
(210,485
)
  
$
15.58
  
Forfeited/Cancelled
    
(78,570
)
  
$
13.28
  
Outstanding at March 31, 2024
    
240,923
    
$
12.23
  
Monte Carlo Valuation Model Assumptions Used in Determining Fair Value of TSR Awards The following table summarizes the assumptions used in determining the fair value of the awards subject to market conditions:

   
Year Ended March 31,
  
   
2024
    
2023
    
2022
  
Risk free interest rate
    
4.32-4.35
%
    
3.35
%
    
0.47
%
Expected life in years
    
0.2-1.8
      
3
      
3
  
Expected volatility of MPA common stock
    
54.2-55.1
%
    
51.30
%
    
53.70
%
Expected average volatility of peer companies
    
-
 %
   
62.70
%
    
59.30
%
Average correlation coefficient of peer companies
    
-
 %
   
27.50
      
26.70
  
Expected dividend yield
    
-
      
-
      
-
  
Grant date fair value
  
$
3.57-8.37
    
$
16.02
    
$
26.89
  
Performance Stock Units Activity
The following is a summary of non-vested PSUs:

   
Number of
Shares
    
Weighted Average
Grant Date Fair
Value
  
Outstanding at March 31, 2023
    
192,696
    
$
17.48
  
Granted
    
585,583
    
$
4.50
  
Vested
    
-
    
$
-
  
Forfeited/Cancelled
    
(4,356
)
  
$
5.79
  
Outstanding at March 31, 2024
    
773,923
    
$
7.73