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Share-based Payment (Tables)
12 Months Ended
Mar. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Number and Weighted Average Exercise Prices of Market Performance Options

 

 

 

 

 

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

Options outstanding

 

Exercisable options

 

 

Weighted

 

 

 

 

 

 

 

 

remaining

 

 

 

Weighted

 

Weighted

 

 

contractual

 

Number of

 

number of

 

average

Exercise

 

life

 

options

 

options

 

exercise

price

 

outstanding

 

outstanding

 

exercisable

 

price

 

 

 

 

 

 

 

 

 

$43.40 - $66.85

 

4.87

 

67,858

 

  —

 

  —

$66.86 - $71.75

 

4.35

 

135,071

 

29,665

 

69.30

$71.76 - $82.60

 

5.18

 

86,294

 

60,131

 

74.55

$82.61 - $181.65

 

2.61

 

10,350

 

7,102

 

149.45

$181.66 - $232.75

 

6.50

 

6,748

 

5,985

 

210.00

 

 

 

 

306,321

 

102,883

 

 

 

Summary of Number and Weighted Average Share Prices of DSUs

The number and weighted average share prices of DSUs are as follows:

 

 

 

 

 

 

2022

 

 

 

2021

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

average

 

 

 

average

 

 

 

 

 

share

 

Number of

 

share

 

Number of

 

Notes

 

price

 

DSUs

 

price

 

DSUs

 

 

 

 

 

 

 

 

 

 

DSUs outstanding at April 1, 2022 and 2021

 

 

$63.00

 

3,362

 

$68.39

 

3,544

Granted

 

 

19.26

 

3,106

 

63.00

 

1,199

Released through the issuance of common shares

14(c)

 

  —

 

  —

 

68.82

 

  (1,381)

DSUs outstanding at March 31, 2022 and 2021

 

 

$66.45

 

6,468

 

$63.00

 

3,362

 

 

 

 

 

 

 

 

 

 

DSUs exercisable at March 31, 2022 and 2021

 

 

$39.93

 

2,753

 

$58.50

 

809

Summary of Number and Weighted Average Share Prices of RSUs

 

 

 

 

 

2022

 

 

 

2021

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

average

 

 

 

average

 

 

 

 

 

share

 

Number of

 

share

 

Number of

 

Notes

 

price

 

RSUs

 

price

 

RSUs

 

 

 

 

 

 

 

 

 

 

RSUs outstanding at April 1st, 2022 and 2021

 

 

$92.08

 

95,845

 

$155.05

 

59,999

Granted

 

 

16.19

 

111,915

 

58.50

 

62,514

Forfeited

 

 

51.65

 

  (10,538)

 

  —

 

  —

Released through the issuance of common shares

14(d)

 

50.53

 

  (108,079)

 

155.05

 

  (16,414)

Withheld as payment of withholding taxes

14(d)

 

10.61

 

  (64,105)

 

155.05

 

  (10,254)

RSUs outstanding at March 31, 2022 and 2021

 

 

$59.75

 

25,038

 

$92.08

 

95,845

Summary of Number and Weighted Average Share Prices of Restricted Shares

The number and weighted average share prices of restricted shares are as follows:

 

 

 

 

 

2022

 

 

 

2021

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

average

 

 

 

average

 

 

 

 

 

share

 

Number of

 

share

 

Number of

 

Notes

 

price

 

RSUs

 

price

 

RSUs

 

 

 

 

 

 

 

 

 

 

Restricted shares outstanding at April 1st, 2022 and 2021

 

 

$—

 

  —

 

$—

 

  —

Granted

 

 

  —

 

  —

 

146.65

 

1,004

Forfeited

 

 

  —

 

  —

 

146.65

 

  (154)

Released through the issuance of common shares

14(e)

 

  —

 

  —

 

146.65

 

  (850)

Restricted shares outstanding at March 31, 2022 and 2021

 

 

$—

 

  —

 

$—

 

  —

 

 

 

 

 

 

 

 

 

 

Restricted shares exercisable at March 31, 2022 and 2021

 

 

$‒

 

  ‒

 

$‒

 

  ‒

Stock Option Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Option Plan

The number and weighted average exercise prices of stock options are as follows:

 

 

 

 

 

 

2022

 

 

 

2021

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

average

 

 

 

average

 

 

 

 

 

exercise

 

Number of

 

exercise

 

Number of

 

Notes

 

price

 

options

 

price

 

options

 

 

 

 

 

 

 

 

 

 

Options outstanding at April 1st, 2022 and 2021

 

 

$65.91

 

121,208

 

$65.76

 

229,784

Granted

 

 

25.41

 

286,554

 

56.91

 

57,839

Exercised

14(b)

 

  —

 

  —

 

51.88

 

  (142,193)

Forfeited

 

 

37.41

 

  (94,298)

 

127.32

 

  (24,222)

Expired

 

 

89.90

 

  (7,143)

 

  —

 

  —

Options outstanding at March 31, 2022 and 2021

 

 

$37.41

 

306,321

 

$65.91

 

121,208

 

 

 

 

 

 

 

 

 

 

Options exercisable at March 31, 2022 and 2021

 

 

$56.68

 

102,883

 

$67.23

 

61,526

Summary of Assumptions Used to Determine Fair Value of Options Granted

The fair value of options granted has been estimated using the Black-Scholes option pricing model and based on the weighted average of the following assumptions for options granted to employees during the twelve-month period ended March 31, 2022 and 2021 as at the date of grant:

 

 

 

Year ended

 

Year ended

 

 

March 31, 2022

 

March 31, 2021

 

 

 

 

 

Exercise price and share price

 

$25.41

 

$56.91

Dividend yield

 

 

Risk-free interest

 

0.94%

 

0.46%

Estimated life (years)

 

4.29

 

3.74

Expected volatility

 

82.73%

 

98.65%

Market Performance Options  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Option Plan

The number and weighted average exercise prices of market performance options are as follows:

 

 

 

 

 

 

2022

 

 

 

2021

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

 

average

 

 

 

average

 

 

 

 

 

exercise

 

Number of

 

exercise

 

Number of

 

Notes

 

price

 

options

 

price

 

options

 

 

 

 

 

 

 

 

 

 

Options outstanding at April 1, 2021 and 2020

 

 

$155.05

 

157,142

 

$154.12

 

157,857

Exercised

14(b)

 

  —

 

  —

 

40.64

 

  (715)

Options outstanding at March 31, 2022 and 2021

 

 

$155.05

 

157,142

 

$155.05

 

157,142

 

 

 

 

 

 

 

 

 

 

Options exercisable at March 31, 2022 and 2021

 

 

$155.05

 

21,429

 

$155.05

 

21,429