Stock-Based Compensation Plans

3 Months Ended

Jun. 30, 2025

Stock-Based Compensation Plans:

Stock-Based Compensation Plans

12. Stock-Based Compensation Plans

Our stock-based compensation expense is included within general and administrative expenses in the unaudited condensed consolidated statements of operations and was $1.8 million and $1.3 million for the three months ended June 30, 2025 and 2024, respectively. Unrecognized compensation cost was $4.1 million as of June 30, 2025 and will be recognized over a remaining weighted average life of 1.04 years. For more information on our equity incentive plan, refer to Note 14 to our consolidated financial statements included in our Annual Report on Form 10-K for the year ended March 31, 2025.

A summary of the activity of restricted shares and units awarded under our equity incentive plan as of June 30, 2025 and changes during the three months ended June 30, 2025, is as follows:

		Weighted-Average
		Grant-Date
Incentive Share/Unit Awards	Number of Shares/Units	Fair Value
Unvested as of April 1, 2025	272,996	$	36.06
Unvested as of June 30, 2025	272,996	$	36.06

No restricted shares vested during the three months ended June 30, 2025.