Capital Stock (Tables)

3 Months Ended

Jun. 30, 2024

Equity and Share-based Compensation [Abstract]

Common Shares Reserved For Future Issuance

The table below outlines common shares reserved for future issuance:


	June 30, 2024	March 31, 2024
	(Amounts in millions)
Stock options and share appreciation rights (SARs) outstanding	18.7	20.7
Restricted share units and restricted stock — unvested	12.7	13.4
Common shares available for future issuance	17.5	15.4
Shares reserved for future issuance	48.9	49.5

Share-Based Compensation Expense

The Company recognized the following share-based compensation expense during the three months ended June 30, 2024 and 2023:


	Three Months Ended
	June 30,
		2024		2023
		(Amounts in millions)
Compensation Expense:
Stock options		$	0.2	$	0.9
Restricted share units and other share-based compensation		17.7		14.3
Share appreciation rights		0.2		0.7
		18.1		15.9
Impact of accelerated vesting on equity awards(1)		—		0.5
Total share-based compensation expense		$	18.1	$	16.4

___________________

(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
	June 30,
		2024		2023
		(Amounts in millions)
Share-Based Compensation Expense:
Direct operating		$	0.7	$	0.4
Distribution and marketing		0.2		0.2
General and administration		17.2		15.3
Restructuring and other		—		0.5
		$	18.1	$	16.4

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, 2024:


	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, 2024	2.4		$22.96	18.3		$13.73	0.1	$9.27	13.3	$8.71
Granted	—		—	—		—	—	—	0.2	$7.95
Options exercised or restricted stock or RSUs vested	—		—	—	(1)	$7.13	—	—	(0.8)	$9.11


Forfeited or expired	—	(1)	$11.71	(2.0)		$14.55	—	—	(0.1)	$8.46
Outstanding at June 30, 2024	2.4		$23.00	16.3		$13.64	0.1	$9.27	12.6	$8.68

__________________

(1)Represents less than 0.1 million shares.