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Capital Stock (Tables)

3 Months Ended

Jun. 30, 2022

Equity and Share-based Compensation [Abstract]

Common Shares Reserved For Future Issuance

The table below outlines common shares reserved for future issuance:

			June 30, 2022						March 31, 2022
			(Amounts in millions)
Stock options and share appreciation rights (SARs) outstanding			27.0						27.6
Restricted stock and restricted share units — unvested			11.3						7.9
Common shares available for future issuance			15.2						18.4
Shares reserved for future issuance			53.5						53.9

Share-Based Compensation Expense

The Company recognized the following share-based compensation expense during the three months ended June 30, 2022 and 2021:

									Three Months Ended
									June 30,
															2022						2021
															(Amounts in millions)
Compensation Expense:
Stock options															$	1.7					$	9.4
Restricted share units and other share-based compensation															5.8						22.9
Share appreciation rights															0.3						2.3
															7.8						34.6
Impact of accelerated vesting on equity awards(1)															0.6						—
Total share-based compensation expense															$	8.4					$	34.6
Tax impact(2)															(1.5)						(6.6)
Reduction in net income															$	6.9					$	28.0

___________________

(1)Represents the impact of the acceleration of certain vesting schedules for equity awards pursuant to certain severance arrangements.

(2)Represents the income tax benefit recognized in the unaudited condensed consolidated statements of operations for share-based compensation arrangements prior to the effects of changes in the valuation allowance.

Share-based compensation expense, by expense category, consisted of the following:

									Three Months Ended
									June 30,
															2022						2021
															(Amounts in millions)
Share-Based Compensation Expense:
Direct operating															$	0.2					$	0.1
Distribution and marketing															0.1						0.1
General and administration															7.5						34.4
Restructuring and other															0.6						—
															$	8.4					$	34.6

Schedule of Stock Option, SARs, Restricted Stock and Restricted Share Unit Activity

The following table sets forth the stock option, SARs, restricted stock and restricted share unit activity during the three months ended June 30, 2022:

			Stock Options and SARs																								Restricted Stock and Restricted Share Units
			Class A Voting Shares												Class B Non-Voting Shares												Class A Voting Shares												Class B Non-Voting Shares
			Number of Shares						Weighted-Average Exercise Price						Number of Shares						Weighted-Average Exercise Price						Number of Shares						Weighted-Average Grant-Date Fair Value						Number of Shares						Weighted-Average Grant-Date Fair Value
			(Number of shares in millions)
Outstanding at March 31, 2022			5.4						$24.34						22.2						$15.36						—			(1)			$11.51						7.9						$11.87
Granted			—						—						—			(1)			$10.38						—						—						3.7						$9.62
Options exercised or restricted stock or RSUs vested			—			(1)			$7.70						(0.4)						$10.21						—						—						(0.1)						$13.72
Forfeited or expired			—			(1)			$15.42						(0.2)						$42.66						—						—						(0.2)						$11.88
Outstanding at June 30, 2022			5.4						$24.38						21.6						$15.37						—			(1)			$11.51						11.3						$11.10

__________________

(1)Represents less than 0.1 million shares.

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