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Share-based Payments (Tables)
 9 Months Ended
Dec. 31, 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:
  
Nine Months Ended
  
December 31,
  
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
 
Weighted Average
  
Shares
 
Exercise Price
Outstanding at March 31, 2024
  
1,108,017
  
$
20.29
 
Granted
  
-
  
$
-
 
Exercised
  
-
  
$
-
 
Forfeited/Cancelled
  
(17,723
)
 
$
20.13
 
Expired
  
(36,733
)
 
$
22.93
 
Outstanding at December 31, 2024
  
1,053,561
  
$
20.20
 
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
  
453,453
  
$
6.58
 
Vested
  
(184,850
)
 
$
12.02
 
Forfeited/Cancelled
  
(4,069
)
 
$
8.72
 
Outstanding at December 31, 2024
  
505,457
  
$
7.26
 
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:
  
Nine Months Ended
  
December 31,
  
2024
  
2023
 
Risk free interest rate
  
4.21-4.45
%
  
4.32-4.35
%
Expected life in years
  
3.0
   
0.2-1.8
 
Expected volatility of the Company's common stock
  
59.8-62.8
%
  
54.2-55.1
%
Average correlation coefficient of peer companies
  
16.5-17.4
%
  
-
%
Expected dividend yield
  
-
   
-
 
Grant date fair value
 
$
8.65-8.88
  
$
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)
  
269,935
  
$
8.74
 
Vested
  
(32,848
)
 
$
22.27
 
Forfeited/Cancelled
  
(53,299
)
 
$
22.89
 
Outstanding at December 31, 2024
  
957,711
  
$
6.83
 
(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.