Stock-Based Compensation (Tables)

3 Months Ended

Jun. 30, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Stock-based Compensation Expense

The Company recognized stock-based compensation expense in the following line items of the Condensed Consolidated Statements of Operations for the three months ended June 30, 2020 and 2019:

	Three Months Ended June 30,
	2020		2019
	(In thousands)
Component of income before income taxes:
Cost of goods sold	$	401	$	112
Selling expenses		195		56
General and administrative expenses		5,003		1,673
Total stock-based compensation expense	$	5,599	$	1,841

The following table summarizes stock-based compensation expense by award type for the three months ended June 30, 2020 and 2019:

	Three Months Ended June 30,
	2020		2019
	(In thousands)
Stock-based compensation expense:
Equity-classified Stock Options	$	881	$	551
Restricted Stock		1,417		642
Performance Units		2,984		372
Non-Employee Directors		317		276
Total stock-based compensation expense	$	5,599	$	1,841

Summary of Assumption Used in Estimate Fair Value of Stock Options

The following table summarizes the assumptions used in estimate the fair value of stock-options during the three months ended June 30, 2020:

	Three Months Ended June 30,
Common stock price	$41.97
Expected stock price volatility	35.5%
Risk-free interest rate	0.4%
Weighted-average expected option life (years)	6.0
Dividend yield	0.9%