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Share-based Payments (Tables)
6 Months Ended
Sep. 30, 2025
Share-based Payments [Abstract]  
Stock Option Transactions
The following is a summary of stock option transactions:
 
         
    Number of
Shares
    Weighted Average
Exercise Price
 
Outstanding at March 31, 2025
  1,053,561   $20.20 
Exercised
  (6,466  $15.59 
Forfeited/Cancelled
  (5,825  $20.72 
Expired
  (68,200  $31.13 
Outstanding at September 30, 2025
  973,070   $19.47 
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, 2025
   505,373   $ 7.26 
Granted
   487,597   $ 10.35 
Vested
   (230,354  $ 8.09 
Forfeited/Cancelled
   (4,897  $ 7.72 
Outstanding at September 30, 2025
   757,719   $ 9.01 
Monte Carlo Valuation Model Assumptions Used in Determining Fair Value of TSR Awards
The fair value of PSUs subject to a market condition is determined using the Monte Carlo simulation model. The following table summarizes the assumptions used in determining the fair value of the awards subject to market conditions:
 
         
           
  Six Months Ended
 
 September 30,  
     2025      2024  
Risk free interest rate
  3.86%   4.45%
Expected life in years
   0.7-3.0    3 
Expected volatility of the Company's common stock
  66.80%   59.80%
Average correlation coefficient of peer companies
  15.70%   16.50%
Expected dividend yield
   -      -  
Grant date fair value
 $
7.33-12.68
   $8.65 
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, 2025
  764,387   $7.42 
Granted
  353,778   $10.57 
Vested
  (294,540  $6.77 
Forfeited/Cancelled
  (78,347  $13.43 
Outstanding at September 30, 2025
  745,278   $8.53