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STOCK PLANS AND STOCK-BASED COMPENSATION (Tables) | 9 Months Ended
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Dec. 31, 2023
STOCK PLANS AND STOCK-BASED COMPENSATION |
Schedule of activity related to stock options under the Stock Option Plans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended December 31, | ​ | Nine Months Ended December 31, | ​
​ |  | 2023 | ​ | 2022 |
​ |  | ​ |  | Weighted |  | ​ |  | Weighted |
​ | ​ | ​ | ​ | Average | ​ | ​ | ​ | Average | ​
​ | ​ | Number of | ​ | Exercise | ​ | Number of | ​ | Exercise | ​
​ |  | Shares |  | Price |  | Shares |  | Price |
Balance, beginning of period |  | 14,310 | ​ | $ | 2.78 |  | 17,332 | ​ | $ | 2.78 |
Options exercised |  | (12,799) | ​ |  | 2.78 |  | (1,511) | ​ |  | 2.78 |
Options expired |  | (1,511) | ​ |  | 2.78 |  | (1,511) | ​ |  | 2.78 |
Balance, end of period |  | — | ​ | $ | — |  | 14,310 | ​ | $ | 2.78 |
Schedule of information on stock options outstanding under the Stock Option Plans | ​
​ | ​ | ​ | ​
​ | 2022 | ​
Stock options fully vested and expected to vest: | ​ |  | ​
Number | ​ | 14,310 | ​
Weighted average exercise price | $ | 2.78 | ​
Aggregate intrinsic value (1) | $ | 70,000 | ​
Weighted average contractual term of options (years) |  | 0.54 | ​
Stock options fully vested and currently exercisable: |  | ​ | ​
Number |  | 14,310 | ​
Weighted average exercise price | $ | 2.78 | ​
Aggregate intrinsic value (1) | $ | 70,000 | ​
Weighted average contractual term of options (years) |  | 0.54 | ​
​
(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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Time Based |  | Performance Based |  | Total
​ | ​ | Number | ​ | Weighted | ​ | Number | ​ | Weighted | ​ | Number | ​ | Weighted
​ | ​ | of | ​ | Average | ​ | of | ​ | Average | ​ | of | ​ | Average
​ | ​ | Unvested | ​ | Grant Date | ​ | Unvested | ​ | Grant Date | ​ | Unvested | ​ | Grant Date
Nine Months Ended December 31, 2023 |  | Shares |  | Fair Value |  | Shares |  | Fair Value |  | Shares |  | Fair Value
Balance, beginning of period |  | 29,977 | ​ | $ | 6.14 |  | 132,645 | ​ | $ | 6.05 |  | 162,622 | ​ | $ | 6.07
Granted |  | 19,926 | ​ |  | 5.21 |  | 84,040 | ​ |  | 5.21 |  | 103,966 | ​ |  | 5.21
Forfeited |  | (19,006) | ​ |  | 5.81 |  | (99,514) | ​ |  | 5.94 |  | (118,520) | ​ |  | 5.92
Vested |  | (15,118) | ​ |  | 5.77 |  | (53,774) | ​ |  | 5.38 |  | (68,892) | ​ |  | 5.47
Balance, end of period |  | 15,779 | ​ | $ | 5.72 |  | 63,397 | ​ | $ | 5.68 |  | 79,176 | ​ | $ | 5.69
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Time Based |  | Performance Based |  | Total
​ | ​ | Number | ​ | Weighted | ​ | Number | ​ | Weighted | ​ | Number | ​ | Weighted
​ | ​ | of | ​ | Average | ​ | of | ​ | Average | ​ | of | ​ | Average
​ | ​ | Unvested | ​ | Grant Date | ​ | Unvested | ​ | Grant Date | ​ | Unvested | ​ | Grant Date
Nine Months Ended December 31, 2022 |  | Shares |  | Fair Value |  | Shares |  | Fair Value |  | Shares |  | Fair Value
Balance, beginning of period |  | 26,855 | ​ | $ | 6.02 |  | 121,492 | ​ | $ | 5.70 |  | 148,347 | ​ | $ | 5.76
Granted |  | 15,571 | ​ |  | 6.30 |  | 56,125 | ​ |  | 6.30 |  | 71,696 | ​ |  | 6.30
Forfeited |  | — | ​ |  | — |  | (2,977) | ​ |  | 7.56 |  | (2,977) | ​ |  | 7.56
Vested |  | (12,449) | ​ |  | 6.07 |  | (41,995) | ​ |  | 5.26 |  | (54,444) | ​ |  | 5.45
Balance, end of period |  | 29,977 | ​ | $ | 6.14 |  | 132,645 | ​ | $ | 6.05 |  | 162,622 | ​ | $ | 6.07
​

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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (e)(1) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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