Annual report pursuant to Section 13 and 15(d)

Stock Compensation Plans (Tables)

v3.23.1
Stock Compensation Plans (Tables)
12 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Stock Option Awards

The following table summarizes information about the Company's stock option awards during fiscal 2023, fiscal 2022 and fiscal 2021:

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Shares

 

 

Average

 

 

Weighted

 

Aggregate

 

 

Under

 

 

Exercise

 

 

Average Remaining

 

Intrinsic

 

 

Option

 

 

Price

 

 

Contractual Term

 

Value

Outstanding at March 31, 2020

 

 

37

 

 

 

18.92

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2021

 

 

37

 

 

 

18.92

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

(4

)

 

 

21.19

 

 

 

 

 

Outstanding at March 31, 2022

 

 

33

 

 

 

18.65

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

(33

)

 

 

18.65

 

 

 

 

 

Outstanding at March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested or expected to vest at March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at March 31, 2023

 

 

 

 

 

 

 

 

 

 

Summary of Stock-Based Compensation Cost and Related Tax Benefits

Stock-based compensation cost and the related tax benefits were as follows:

 

 

Stock-Based

 

Related

Year Ended March 31,

 

Compensation Cost

 

Tax Benefits

2023

 

785

 

173

2022

 

780

 

173

2021

 

817

 

193

Schedule of Restricted Stock Units ("RSUs"), Performance Stock Units ("PSUs"), and Restricted Stock Awards ("RSAs") Granted

The following grants of restricted stock units ("RSUs"), performance stock units ("PSUs"), and restricted stock awards ("RSAs") were awarded:

 

 

Vest 100% on First

 

Vest One-Third Per Year

 

Vest 100% on Third

 

 

 

 

Anniversary (1)

 

Over Three-Year Term (1)

 

Anniversary (1)

 

 

 

 

 

 

Officers and

 

Officers and

 

Total Shares

Year Ended March 31,

 

Directors

 

Key Employees

 

Key Employees

 

Awarded

2023

 

 

 

 

 

 

 

 

     Time Vesting RSUs

 

37

 

56

 

33

 

126

     Performance Vesting PSUs

 

0

 

0

 

112

 

112

2022

 

 

 

 

 

 

 

 

     Time Vested RSAs

 

22

 

54

 

0

 

76

     Performance Vested RSAs

 

0

 

0

 

88

 

88

2021

 

 

 

 

 

 

 

 

     Time Vested RSAs

 

21

 

38

 

0

 

59

     Performance Vested RSAs

 

0

 

0

 

54

 

54

(1) Subject to the terms of the applicable award.

Schedule of Restricted Stock Awards

The following table summarizes information about the Company's RSAs, RSUs, and PSUs granted during fiscal 2023, fiscal 2022 and fiscal 2021:

 

 

 

Number of RSAs, RSUs and PSUs

 

 

Weighted Average
Grant Date Fair Value

 

 

Aggregate
Intrinsic Value

 

Non-vested at March 31, 2020

 

 

149

 

 

 

25.26

 

 

 

 

Granted

 

 

113

 

 

 

16.39

 

 

 

 

Vested

 

 

(43

)

 

 

22.70

 

 

 

 

Forfeited

 

 

(54

)

 

 

23.09

 

 

 

 

Non-vested at March 31, 2021

 

 

165

 

 

 

20.56

 

 

 

 

Granted

 

 

164

 

 

 

18.29

 

 

 

 

Vested

 

 

(58

)

 

 

18.15

 

 

 

 

Forfeited

 

 

(112

)

 

 

21.29

 

 

 

 

Non-vested at March 31, 2022

 

 

159

 

 

 

18.59

 

 

 

 

Granted

 

 

238

 

 

 

8.51

 

 

 

 

Vested

 

 

(35

)

 

 

8.14

 

 

 

 

Forfeited

 

 

(57

)

 

 

18.86

 

 

 

 

Non-vested at March 31, 2023

 

 

305

 

 

 

11.09

 

 

$

3,990