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Stock-Based Compensation Expense (Tables)
12 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of shares outstanding
A summary of stock option activity under our Stock Plans for fiscal 2023, 2022, and 2021 are as follows:
Options Outstanding
Number of SharesWeighted Average Exercise Price
Balance at March 31, 2020163,016$12.25 
Granted71,78014.28 
Exercised(97,156)6.81 
Forfeited(16,171)14.28 
Expired(10,068)$14.73 
Balance at March 31, 2021111,401$16.53 
Granted— 
Exercised(8,100)12.00 
Forfeited(9,742)14.28 
Expired(4,322)16.30 
Balance at March 31, 202289,237$17.20 
Expired(14,871)$21.52 
Balance at March 31, 202374,366$16.33 
Schedule of shares oustanding, vested and exercisable
The following table summarizes information about stock options outstanding as of March 31, 2023:
Options OutstandingOptions Vested and Exercisable
Exercise PriceNumber OutstandingWeighted Average Contractual Life (Years)Weighted Average Exercise PriceAggregate Intrinsic Value at March 31, 2023Number Vested and ExercisableWeighted Average Contractual Life (Years)Weighted Average Exercise PriceAggregate Intrinsic Value at March 31, 2023
$14.2845,8677.2$14.28 $393,810 — 7.2$— $— 
$19.6428,4993.819.64 244,690 28,499 3.819.64 — 
$14.28 - $19.6474,366 5.9$16.33 $638,500 28,499 5.9$19.64 $— 
Schedule restricted stock activity
The following table summarizes the activity with regard to unvested restricted stock units issued to employees during fiscal 2023, 2022, and 2021.
Restricted Stock UnitsNumber of SharesWeighted Average Grant Fair Value
Balance of unvested units at March 31, 2020236,706$22.14 
Granted222,67913.75 
Released(115,504)21.33 
Forfeited(39,357)16.95 
Balance of unvested units at March 31, 2021304,524 $12.96 
Granted139,242 17.62 
Released(125,089)19.42 
Forfeited(24,524)14.81 
Balance of unvested units at March 31, 2022294,153$16.26 
Granted167,84216.82 
Released(112,157)17.56 
Forfeited(13,584)15.83 
Balance of unvested units at March 31, 2023336,254$16.12 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table summarized the target number of performance stock units outstanding and the minimum and maximum number of shares that can be earned as of March 31, 2023.
Fiscal Year GrantedTargetMinimumMaximum
Fiscal 2021136,350272,700
Fiscal 202295,068190,136
Fiscal 2023135,479270,958