Stock-Based Compensation (Tables)

6 Months Ended

Sep. 30, 2019

Stock-Based Compensation [Abstract]

Fair Market Value of Stock-Based Compensation Awards

The fair value of stock-based compensation awards granted during the six months ended September 30, 2019 and 2018 were as follows:

	Six months ended September 30,
	2019				2018
	Shares		Fair Value Per Award		Shares		Fair Value Per Award
Stock options		0.3	$	5.56		0.2	$	7.81
Restricted stock awards		0.3	$	13.26		0.2	$	17.90
Performance stock awards		0.3	$	13.26		0.2	$	17.90
Unrestricted stock awards		0.1	$	14.50		0.1	$	17.60

Assumptions Used in Determining Fair Value of Stock Options

The Company used the following assumptions in determining fair value for stock options:

	Six months ended September 30,
	2019			2018
Expected life of awards in years		6.3			6.3
Risk-free interest rate		2.2	%		2.8	%
Expected volatility of the Company’s stock		39.2	%		39.7	%
Expected dividend yield on the Company’s stock		0.0	%		0.0	%

Unrecognized Compensation Expenses Related to Non-Vested Stock-Based Compensation Awards

As of  September 30, 2019, unrecognized compensation expense related to non-vested stock-based compensation awards, which will be amortized over the remaining service periods, was as follows:

	Unrecognized Compensation Expense		Weighted-Average Remaining Service Period in Years
Stock options	$	3.1		2.9
Restricted stock awards		7.1		2.8
Performance stock awards		3.8		2.1
Total	$	14.0		2.6