v3.26.1
Share-Based Compensation (Tables)
12 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation
The following table provides information regarding our stock-based compensation:
March 31,
(In thousands)202620252024
Pre-tax share-based compensation costs charged against income$10,835 $11,157 $14,010 
Income tax benefit recognized on compensation costs$1,212 $1,267 $1,190 
Total fair value of options and RSUs vested during the period$10,744 $12,185 $12,213 
Cash received from the exercise of stock options$4,285 $14,802 $18,089 
Tax benefits realized from tax deductions resulting from RSU issuances and stock option exercises$1,074 $2,273 $2,161 
Schedule of Restricted Shares
A summary of the Company’s RSUs granted under the 2005 Plan and 2020 Plan is presented below:
 
 
 
RSUs
Shares
(in thousands)
Weighted Average
Grant Date
Fair Value
Unvested at March 31, 2023409.0 $47.17 
Granted157.1 62.06 
Incremental performance shares41.4— 
Vested (205.0)43.17 
Forfeited(10.6)52.68 
Unvested at March 31, 2024391.9 54.43 
Vested at March 31, 2024110.2 38.77 
Granted166.8 70.31 
Incremental performance shares41.1 — 
Vested (192.7)47.60 
Forfeited(4.9)59.31 
Unvested at March 31, 2025402.2 63.20 
Vested at March 31, 202597.6 39.90 
Granted138.1 80.66 
Vested(133.4)57.76 
Forfeited(27.8)65.00 
Unvested at March 31, 2026379.1 71.34 
Vested at March 31, 2026110.2 43.14 
Schedule of Stock Options, Valuation Assumptions
 Year Ended March 31,
 202620252024
Expected volatility
28.4% - 30.1%
30.4% - 30.8%
30.2% to 31.6%
Expected dividends
Expected term in years
6.0 to 7.0
6.0 to 7.0
6.0 to 7.0
Risk-free rate
4.0% to 4.1%
4.5%
3.6% to 4.1%
Weighted average grant date fair value of options granted$30.52$27.97$23.79
Schedule of Stock Option Activity
A summary of option activity under the 2005 Plan and 2020 Plan is as follows:
OptionsShares
(in thousands)
Weighted Average
Exercise
Price
Weighted
Average
Remaining
Contractual Term
Aggregate
Intrinsic
Value
(in thousands)
Outstanding at March 31, 20231,081.0 $43.96 
Granted131.1 61.81 
Exercised(440.3)41.08 
Forfeited(41.0)54.15 
Expired(2.8)54.47 
Outstanding at March 31, 2024728.0 48.30 
Granted109.7 69.94 
Exercised(303.4)48.77 
Forfeited(15.6)60.87 
Outstanding at March 31, 2025518.7 52.22 
Granted111.6 82.30 
Exercised(80.3)53.36 
Forfeited(46.0)76.62 
Expired(3.7)65.56 
Outstanding at March 31, 2026500.3 56.40 6.0$4,342 
Exercisable at March 31, 2026335.8 47.44 4.8$4,342