v3.26.1
Share-based Payments (Tables)
3 Months Ended
Jun. 30, 2026
Share-based Payments [Abstract]  
Stock Option Transactions
The following is a summary of stock option transactions:
 
         
   
Number of
Shares
   
Weighted Average
Exercise Price
 
Outstanding at March 31, 2026
  965,834   $19.47 
Exercised
  (2,091  $11.42 
Forfeited/Cancelled
  (5,234  $20.24 
Expired
  (115,900  $28.68 
Outstanding at June 30, 2026
  842,609   $18.22 
Restricted Stock Units Activity
The following is a summary of non-vested RSUs:
 
         
   
Number of Shares
   
Weighted Average
Grant Date Fair
Value
 
Outstanding at March 31, 2026
  684,720   $9.03 
Granted
  386,555   $15.36 
Vested
  (209,009  $8.77 
Forfeited/Cancelled
  (931  $8.45 
Outstanding at June 30, 2026
  861,335   $11.94 
Monte Carlo Valuation Model Assumptions Used in Determining Fair Value of TSR Awards
The fair value of PSUs subject to a market condition is determined using the Monte Carlo simulation model. The following table summarizes the assumptions used in determining the fair value of the awards subject to market conditions:
 
         
   
Three Months Ended
June 30,
 
   
2026
    
2025
 
Risk free interest rate
  4.19%   3.86%
Expected life in years
  0.1-3.0    0.7-3.0 
Expected volatility of the Company's common stock
  66.20%   66.80%
Average correlation coefficient of peer companies
  14.10%   15.70%
Expected dividend yield
   -      -  
Grant date fair value
 $
13.90-20.09
   $
7.33-12.68
 
Performance Stock Units Activity
The following is a summary of non-vested PSUs:
 
    
Number of Shares
 
 
Weighted Average
Grant Date Fair
Value
 
Outstanding at March 31, 2026
   744,542   $ 8.54 
Granted
   309,289   $ 17.99 
Forfeited/Cancelled
   (176,192  $ 4.20 
Outstanding at June 30, 2026
   877,639   $ 13.02