Stock Compensation (Tables)
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12 Months Ended |
Mar. 31, 2026 |
| Share-Based Payment Arrangement [Abstract] |
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| Summary of Restricted Stock and Restricted Stock Units Activity |
A summary of non-vested restricted stock activity for the year ended March 31, 2026 is as follows:
| | | | | | | | | | | | | Restricted Stock | | Weighted Average Grant Day Fair Value | | Non-vested restricted stock outstanding at March 31, 2025 | 269,799 | | | $ | 41.47 | | | Granted | 153,001 | | | 26.45 | | | Vested | (175,016) | | | 41.99 | | | Forfeited | (52,132) | | | 38.21 | | | Non-vested restricted stock outstanding at March 31, 2026 | 195,652 | | | $ | 30.12 | |
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| Schedule of Restricted Stock Activity |
The following table reflects activity related to the Company’s restricted stock for the years ended March 31, 2026 and 2025: | | | | | | | | | | | | | | | 2026 | | 2025 | | | | Weighted-average grant-date fair value per unit granted | $ | 26.45 | | | $ | 34.30 | | | | | Fair value of restricted stock units vested (in thousands) | $ | 7,348 | | | $ | 9,951 | | | |
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| Summary of Stock Option Activity |
A summary of Stock Option activity for the year ended March 31, 2026 is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | Options | | Weighted Average Exercise Price | | Weighted Average Contractual Term | | Aggregate Intrinsic Value | | Options outstanding at March 31, 2025 | 1,665,765 | | | $ | 38.31 | | | | | | | Options granted | 488,116 | | | 38.59 | | | | | | | Options exercised | (189,972) | | | 28.71 | | | | | | | Options forfeited/expired/cancelled | (319,703) | | | 39.18 | | | | | | | Options outstanding at March 31, 2026 | 1,644,206 | | | $ | 38.79 | | | 6.08 | | $ | 4,283,583 | | | Exercisable at March 31, 2026 | 885,696 | | | $ | 43.27 | | | 3.76 | | $ | 1,749,508 | | | Total vested or expected to vest at March 31, 2026 | 1,643,064 | | | $ | 38.79 | | | 6.08 | | $ | 4,283,583 | |
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| Summary of Assumptions used to Calculate Fair Value of Options |
The following assumptions were used to calculate the fair value of stock options:
| | | | | | | | | | | | | | | Year Ended | | Year Ended | | | | March 31, 2026 | | March 31, 2025 | | | | Risk-free interest rate | 3.74% to 4.53% | | 3.72% to 4.43% | | | | Dividend yield | —% | | —% | | | | Volatility | 48.52% to 48.68% | | 47.11% to 48.33% | | | | Expected term | 5.42 years to 6.21 years | | 5.79 years to 6.21 years | | | | Forfeiture rate | —% to 6% | | —% to 4% | | | | Weighted-average grant-date fair value per option granted | $ | 38.59 | | | $ | 31.31 | | | |
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| Summary of Performance Stock Options |
A summary of the Performance-Based Stock Options for the year ended March 31, 2026 is as follows: | | | | | | | | | | | | | Performance Options | | Weighted Average Exercise Price | | Performance Options outstanding at March 31, 2025 | 156,706 | | | $ | 38.07 | | | Performance Options granted | — | | | — | | | Performance Options exercised | — | | | — | | | Performance Options forfeited/expired/cancelled | (125,975) | | | 38.66 | | | Performance Options outstanding at March 31, 2026 | 30,731 | | | $ | 35.66 | |
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| Summary of Assumptions used to Calculate Fair Value of Performance-Based Restricted Units |
The following assumptions were used to calculate the grant date fair value of performance-based stock options with market price condition using the Monte Carlo simulation model:
| | | | | | | | | | | October 4, 2024 | | Risk-free interest rate | | 3.83% | | Dividend yield | | —% | | Volatility | | 48.42% | | Expected term | | 6.5 years | | Forfeiture rate | | —% |
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| Summary of Share Repurchase Activity |
The following table presents the share repurchase activity for Fiscal 2026 and Fiscal 2025 (in thousands, except per share data):
| | | | | | | | | | | | | | | For the years ended March 31, | | 2026 | | 2025 | | | | Number of shares repurchased and retired | 43 | | | 245 | | | | | Average price paid per share* | $ | 22.94 | | | $ | 33.71 | | | | | Total cost to repurchase | $ | 990 | | | $ | 8,398 | | | |
* Average price paid per share includes costs associated with the repurchases, excluding excise taxes associated with the share repurchases.
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