Capital Stock (Tables)

6 Months Ended

Sep. 30, 2023

Equity and Share-based Compensation [Abstract]

Common Shares Reserved For Future Issuance

The table below outlines common shares reserved for future issuance:


	September 30, 2023	March 31, 2023
	(Amounts in millions)
Stock options and share appreciation rights (SARs) outstanding	20.8	24.8
Restricted share units and restricted stock — unvested	13.6	14.0
Common shares available for future issuance	8.2	11.4
Shares reserved for future issuance	42.6	50.2

Share-Based Compensation Expense

The Company recognized the following share-based compensation expense during the three and six months ended September 30, 2023 and 2022:


	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
	(Amounts in millions)
Compensation Expense:
Stock options	$	0.5	$	2.3	$	1.4	$	4.0
Restricted share units and other share-based compensation	25.0		23.2		39.3		28.9
Share appreciation rights	0.5		1.1		1.2		1.5
	26.0		26.6		41.9		34.4
Impact of accelerated vesting on equity awards(1)	1.1		—		1.6		0.6
Total share-based compensation expense	$	27.1	$	26.6	$	43.5	$	35.0

___________________

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

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


	Three Months Ended				Six Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
	(Amounts in millions)
Share-Based Compensation Expense:
Direct operating	$	0.9	$	0.6	$	1.4	$	0.8
Distribution and marketing	0.3		0.2		0.4		0.4
General and administration	24.8		25.8		40.1		33.2
Restructuring and other	1.1		—		1.6		0.6
	$	27.1	$	26.6	$	43.5	$	35.0

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 six months ended September 30, 2023:


	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, 2023	4.3	$26.35		20.5	$15.23	—	(1)	$10.95	14.0	$9.48
Granted	—	—		—	—	—		—	9.2	$8.19
Options exercised or restricted stock or RSUs vested	—	$7.70	(1)	(0.1)	$7.15	—	(1)	10.89	(9.1)	$9.33


Forfeited or expired	(1.8)	$30.79		(2.1)	$29.19	—		—	(0.5)	$8.77
Outstanding at September 30, 2023	2.5	$22.99		18.3	$13.82	—	(1)	$11.01	13.6	$8.73

__________________

(1)Represents less than 0.1 million shares.