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Share-Based Compensation (Tables)
3 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Restricted Shares
A summary of the Company's restricted shares granted under the Plan is presented below:
 
 
 
Restricted Shares
 
 
Shares
(in thousands)
 
Weighted-
Average
Grant-Date
Fair Value
Three months ended June 30, 2014
 
 
 
 
Vested and nonvested at March 31, 2014
 
437.5

 
$
16.76

Granted
 
96.6

 
33.50

Vested and issued
 
(93.7
)
 
15.12

Forfeited
 
(14.4
)
 
20.78

Vested and nonvested at June 30, 2014
 
426.0

 
20.78

Vested at June 30, 2014
 
69.6

 
9.34

 
 
 

 
 

Three months ended June 30, 2015
 
 
 
 
Vested and nonvested at March 31, 2015
 
362.3

 
$
22.74

Granted
 
243.8

 
41.85

Vested and issued
 
(138.9
)
 
19.35

Forfeited
 
(1.4
)
 
33.50

Vested and nonvested at June 30, 2015
 
465.8

 
33.72

Vested at June 30, 2015
 
76.6

 
11.62

Stock Options, Valuation Assumptions
 
 
Three Months Ended June 30,
 
 
2015
 
2014
Expected volatility
 
40.2
%
 
47.3
%
Expected dividends
 
$
—

 
$
—

Expected term in years
 
6.0

 
6.0

Risk-free rate
 
1.7
%
 
2.2
%
Stock Option Activity
A summary of option activity under the Plan is as follows:
 
 
 
 
Options
 
 
 
Shares
(in thousands)
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term (years)
 
Aggregate
Intrinsic
Value
(in thousands)
Three months ended June 30, 2014:
 
 
 
 
 
 
 
 
Outstanding at March 31, 2014
 
994.9

 
$
15.24

 
 
 
 
Granted
 
307.5

 
33.50

 
 
 
 
Exercised
 
(93.8
)
 
13.80

 
 
 
 
Forfeited or expired
 
(31.6
)
 
25.49

 
 
 
 
Outstanding at June 30, 2014
 
1,177.0

 
19.85

 
7.8
 
$
16,527

Exercisable at June 30, 2014
 
375.1

 
15.23

 
7.3
 
6,998

 
 
 
 
 
 
 
 
 
Three months ended June 30, 2015:
 
 

 
 

 
 
 
 

Outstanding at March 31, 2015
 
871.2

 
$
23.40

 
 
 
 
Granted
 
186.3

 
41.44

 
 
 
 
Exercised
 
(330.4
)
 
19.15

 
 
 
 
Forfeited or expired
 
(0.9
)
 
33.50

 
 
 
 
Outstanding at June 30, 2015
 
726.2

 
29.95

 
8.3
 
$
11,830

Exercisable at June 30, 2015
 
322.5

 
21.54

 
7.2
 
7,966