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SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense
We recorded share-based compensation expense, net of estimated forfeitures, for restricted stock as follows for the years ended March 31, 2024, 2023 and 2022 (in thousands):
Year Ended March 31,
202420232022
Share-based compensation expense$11,537 $9,751 $8,450 
Related income tax benefit (a)(2,885)(2,438)(2,197)
Net share-based compensation expense$8,652 $7,313 $6,253 
(a) Income tax benefit is estimated using the statutory rate
Schedule of Stock Options Activity
Stock option activity, which represents outstanding CSWI awards held by CSWI employees resulting from the conversion of Capital Southwest stock options held by former Capital Southwest employees, was as follows:
Number of SharesWeighted Average Exercise PriceRemaining Contractual Life (Years)Aggregate Intrinsic Value (in Millions)
Outstanding and Exercisable at April 1, 202210,800 $25.23 
Exercised(10,800)25.23 
Outstanding and Exercisable at March 31, 2023— — 0.0$— 
Exercised— — 
Outstanding and Exercisable at March 31, 2024— $— 0.0$— 
Schedule of Restricted Stock Activity
Restricted stock activity was as follows:
Year Ended March 31, 2024
Number of SharesWeighted Average Grant Date Fair Value
Outstanding at April 1, 2023232,051 $138.14 
     Granted90,510 185.62 
     Vested(95,995)89.51 
     Canceled(5,003)142.09 
Outstanding at March 31, 2024221,563 $166.62