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Share-Based Compensation (Tables)
 6 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Compensation Expense Information
The following table provides information regarding our stock-based compensation:
Three Months Ended September 30, Six Months Ended September 30,
(In thousands)2020201920202019
Pre-tax share-based compensation costs charged against income$2,892 $2,521 $4,356 $3,902 
Income tax benefit recognized on compensation costs$451 $401 $563 $611 
Total fair value of options and RSUs vested during the period$1,015 $1,266 $6,796 $7,365 
Cash received from the exercise of stock options$69 $269 $1,285 $544 
Tax benefits realized from tax deductions resulting from RSU issuances and stock option exercises$4 $48 $948 $482 
Summary of Restricted Shares
A summary of the RSUs granted under the 2005 Plan and the 2020 Plan is presented below:
 
 
 
RSUs
 
Shares
(in thousands)
Weighted
Average
Grant-Date
Fair Value
Six Months Ended September 30, 2019
Vested and unvested at March 31, 2019413.0 $36.58 
Granted220.3 31.02 
Vested and issued(66.8)47.99 
Forfeited(27.8)36.71 
Vested and unvested at September 30, 2019538.7 32.88 
Vested at September 30, 2019138.3 31.71 
   
Six Months Ended September 30, 2020
Vested and unvested at March 31, 2020512.1 $32.49 
Granted179.7 39.82 
Vested and issued(74.0)44.38 
Forfeited(4.7)56.11 
Vested and unvested at September 30, 2020613.1 33.02 
Vested at September 30, 2020150.4 31.98 
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:
 Six Months Ended September 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 2005 Plan and the 2020 Plan is as follows:
 
 
 
 
Options
 
 
Shares
(in thousands)
Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Term (years)		Aggregate
Intrinsic
Value
(in thousands)
Six Months Ended September 30, 2019
Outstanding at March 31, 2019944.6 $38.45 
Granted302.7 30.53 
Exercised(18.4)29.57 
Forfeited or expired(124.7)43.08 
Outstanding at September 30, 20191,104.2 35.90 7.2$3,959 
Vested at September 30, 2019610.2 38.56 5.7$2,772 
Six Months Ended September 30, 2020    
Outstanding at March 31, 20201,020.2 $35.90 
Granted249.9 39.98 
Exercised(62.8)20.46 
Forfeited or expired— — 
Outstanding at September 30, 20201,207.3 37.55 7.0$5,032 
Vested at September 30, 2020699.1 39.39 5.6$3,430