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EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended
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Mar. 31, 2020
EMPLOYEE BENEFIT PLANS |
Schedule of activity related to options under all plans |
|  | Year Ended March 31,
|  | 2020 |  | 2019 |  | 2018
|  |  |  |  | Weighted |  |  |  |  | Weighted |  |  |  |  | Weighted
|  |  |  |  | Average |  |  |  |  | Average |  |  |  |  | Average
|  | Number of |  |  | Exercise |  | Number of |  |  | Exercise |  | Number of |  |  | Exercise
|  | Shares |  |  | Price |  | Shares |  |  | Price |  | Shares |  |  | Price
Balance, beginning of year |  | 101,332 |  | $ | 3.26 |  | 141,365 |  | $ | 3.77 |  | 220,654 |  | $ | 4.74
Options exercised |  | (58,000) |  |  | 3.69 |  | (37,533) |  |  | 4.84 |  | (59,289) |  |  | 4.13
Options expired |  | — |  |  | — |  | (2,500) |  |  | 8.12 |  | (20,000) |  |  | 13.42
Balance, end of year |  | 43,332 |  | $ | 2.69 |  | 101,332 |  | $ | 3.26 |  | 141,365 |  | $ | 3.77
Schedule of additional information regarding stock options outstanding |
|  |  |  |  | Options Outstanding |  | Options Exercisable
|  |  | Weighted Avg |  |  |  | Weighted |  |  |  | Weighted
|  |  | Remaining |  |  |  | Average |  |  |  | Average
Range of |  | Contractual |  |  |  | Exercise |  |  |  | Exercise
Exercise Price |  | Life (years) |  | Number |  | Price |  | Number |  | Price
| $1.00 - $3.00 |  | 2.80 |  | 43,332 |  | $ | 2.69 |  | 43,332 |  | $ | 2.69
Schedule of information of stock options outstanding |
|  | March 31, 2020 |  | March 31, 2019
Stock options fully vested and expected to vest: |  |  |  |  |  |
Number |  |  | 43,332 |  |  | 101,332
Weighted average exercise price |  | $ | 2.69 |  | $ | 3.26
Aggregate intrinsic value (1) |  | $ | 101,000 |  | $ | 410,000
Weighted average contractual term of options (years) |  |  | 2.80 |  |  | 2.20
Stock options fully vested and currently exercisable: |  |  |  |  |  |
Number |  |  | 43,332 |  |  | 101,332
Weighted average exercise price |  | $ | 2.69 |  | $ | 3.26
Aggregate intrinsic value (1) |  | $ | 101,000 |  | $ | 410,000
Weighted average contractual term of options (years) |  |  | 2.80 |  |  | 2.20
(1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price) that would have been received by the option holders had all option holders exercised. This amount changes based on changes in the market value of the Company's stock.
Schedule of unvested restricted stock activity | The following table presents the activity related to restricted stock for the year ended March 31, 2020:
|  | Time-Based |  | Performance-Based |  | Total
|  |  |  | Weighted |  |  |  | Weighted |  |  |  | Weighted
|  | Number of |  | Average |  | Number of |  | Average |  | Number of |  | Average
|  | Unvested |  | Market |  | Unvested |  | Market |  | Unvested |  | Market
|  | Shares |  | Price |  | Shares |  | Price |  | Shares |  | Price
Balance, beginning of period |  | — |  | $ | — |  | — |  | $ | — |  | — |  | $ | —
Granted |  | 49,298 |  |  | 8.35 |  | 33,375 |  |  | 8.35 |  | 82,673 |  |  | 8.35
Forfeited |  | — |  |  | — |  | — |  |  | — |  | — |  |  | —
Vested |  | — |  |  | — |  | — |  |  | — |  | — |  |  | —
Cancelled |  | — |  |  | — |  | — |  |  | — |  | — |  |  | —
Balance, end of period |  | 49,298 |  | $ | 8.35 |  | 33,375 |  | $ | 8.35 |  | 82,673 |  | $ | 8.35

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- Definition Tabular disclosure of the following for fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position: the number, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term of options (or share units) currently exercisable (or convertible). + References No definition available. + Details
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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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