Share-Based Plans (Tables)

Activity and related information pertaining to stock options for the year ended March 31, 2015 was as follows:



	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
						(in thousands)
Outstanding at April 1, 2014	388,063		23.14
Granted	130,975		25.21
Exercised	(70,438	)	21.11
Forfeited/canceled	(12,000	)	32.13
Outstanding at March 31, 2015	436,600		$	23.84	4.3 years	$	2,864
Exercisable at March 31, 2015	146,610		$	22.36	2.8 years	$	1,212

Activity and related information pertaining to RSUs for the year ended March 31, 2015 was as follows:



	Number of RSUs		Weighted Average Fair Value		Weighted Average Contractual Life
Outstanding at April 1, 2014	192,825		16.75
Granted	47,385		17.82
Vested	(37,625	)	16.84
Outstanding at March 31, 2015	202,585		$	16.99	4.5 years

The fair value of each stock option granted was estimated on the date of grant using either the Black-Scholes option valuation model (for service-based awards) or a Monte Carlo simulation model (for performance-based awards) with the following average assumptions:



	For the Years Ended March 31,
	2015		2014		2013
Expected dividend yield at time of grant	2.33	%	2.02	%	2.92	%
Expected stock price volatility	48	%	52	%	54	%
Risk-free interest rate	1.45	%	0.94	%	0.61	%
Expected life of option (in years)	4.8		4.8		5.0

The fair value of each market-based RSU granted during fiscal 2015, 2014 and 2013 was estimated on the date of grant using a Monte Carlo simulation model with the following assumptions:



	For the Years Ended March 31,
	2015		2014		2013
Expected dividend yield at time of grant	2.38	%	2.04	%	3.15	%
Expected stock price volatility	39	%	40	%	58	%
Risk-free interest rate	1.17	%	0.66	%	0.58	%