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Share-Based Compensation (Tables)
 3 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Compensation Expense Information
The following table provides information regarding our stock-based compensation:
Three Months Ended June 30,
(In thousands)20202019
Pre-tax share-based compensation costs charged against income$1,464  $1,381  
Income tax benefit recognized on compensation costs$112  $210  
Total fair value of options and RSUs vested during the period$5,781  $6,099  
Tax benefits realized from tax deductions resulting from RSU issuances and stock option exercises$944  $434  
Summary of Restricted Shares
A summary of the RSUs granted under the Plan is presented below:
 
 
 
RSUs
 
Shares
(in thousands)
Weighted
Average
Grant-Date
Fair Value
Three Months Ended June 30, 2019
Vested and unvested at March 31, 2019413.0  $36.58  
Granted195.2  30.55  
Vested and issued(61.8) 48.04  
Forfeited(25.2) 36.85  
Vested and unvested at June 30, 2019521.2  32.94  
Vested at June 30, 2019113.2  31.05  
   
Three Months Ended June 30, 2020
Vested and unvested at March 31, 2020512.1  $32.49  
Granted153.6  39.98  
Vested and issued(74.0) 44.38  
Forfeited(4.7) 56.11  
Vested and unvested at June 30, 2020587.0  32.76  
Vested at June 30, 2020124.2  30.54  
Fair Value of Options Granted
The fair value of each award is estimated on the date of grant using the Black-Scholes Option Pricing Model that uses the assumptions presented below:

 Three Months Ended June 30,
 2020 2019
Expected volatility
32.1% - 32.2%
 
30.9% - 31.3%
Expected dividends$—   $—  
Expected term in years
6.0 to 7.0
 
6.0 to 7.0
Risk-free rate0.5 % 
2.3% to 2.4%
Weighted average grant date fair value of options granted12.91  10.83  
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, 2019
Outstanding at March 31, 2019944.6  $38.45  
Granted302.7  30.53  
Exercised(9.3) 29.46  
Forfeited or expired(95.9) 42.62  
Outstanding at June 30, 20191,142.1  36.07  7.5$2,540  
Vested at June 30, 2019628.6  38.70  6.0$2,206  
Three Months Ended June 30, 2020    
Outstanding at March 31, 20201,020.2  $35.90  
Granted249.9  39.98  
Exercised(60.5) 20.10  
Forfeited or expired—  —  
Outstanding at June 30, 20201,209.6  37.53  7.3$5,770  
Vested at June 30, 2020701.5  39.36  5.9$3,874