XML 52 R41.htm IDEA: XBRL DOCUMENT
v3.24.3

Share-based Payments (Tables) | 6 Months Ended
--- | ---
Sep. 30, 2024
Share-based Payments [Abstract] |
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:
|  | Six Months Ended September 30, |
|  | 2023 |
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 Transactions | The following is a summary of stock option transactions:
|  | Number of Shares |  |  | Weighted Average Exercise Price |
Outstanding at March 31, 2024 |  |  | 1,108,017 |  |  | $ | 20.29 |
Granted |  |  | - |  |  | $ | - |
Exercised |  |  | - |  |  | $ | - |
Forfeited/Cancelled |  |  | (11,166 | ) |  | $ | 19.43 |
Expired |  |  | (36,733 | ) |  | $ | 22.93 |
Outstanding at September 30, 2024 |  |  | 1,060,118 |  |  | $ | 20.21 |
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, 2024 |  |  | 240,923 |  |  | $ | 12.23 |
Granted |  |  | 316,040 |  |  | $ | 6.40 |
Vested |  |  | (109,382 | ) |  | $ | 14.83 |
Forfeited/Cancelled |  |  | (4,069 | ) |  | $ | 8.72 |
Outstanding at September 30, 2024 |  |  | 443,512 |  |  | $ | 7.47 |
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 these awards subject to market conditions:
|  | Six Months Ended September 30, |
|  | 2024 |  |  | 2023 |
Risk free interest rate |  |  | 4.45 | % |  |  | 4.32-4.35 | %
Expected life in years |  |  | 3.0 |  |  |  | 0.2-1.8 |
Expected volatility of the Company’s common stock |  |  | 59.80 | % |  |  | 54.2-55.1 | %
Average correlation coefficient of peer companies |  |  | 16.50 | % |  |  | - | %
Expected dividend yield |  |  | - |  |  |  | - |
Grant date fair value |  | $ | 8.65 |  |  | $ | 3.57-8.37 |
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, 2024 |  |  | 773,923 |  |  | $ | 7.73 |
Granted (1) |  |  | 166,343 |  |  | $ | 8.65 |
Vested |  |  | (32,848 | ) |  | $ | 22.27 |
Forfeited/Cancelled |  |  | (53,299 | ) |  | $ | 22.89 |
Outstanding at September 30, 2024 |  |  | 854,119 |  |  | $ | 6.58 |
(1) | Granted includes 10,952 additional PSUs issued in connection with the vesting of the Company’s June 2021 PSU grant based on actual Company performance metrics exceeding target performance levels.

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of equity instruments other than options , including, but not limited to: (a) expected term of 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 No definition available. + Details
Name: | mpaa_ScheduleOfShareBasedPaymentAwardOtherThanOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | mpaa_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + 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)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + 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)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration