Stock-Based Compensation (Tables)

12 Months Ended

Mar. 31, 2020

Stock-Based Compensation [Abstract]

Assumptions Used in Determining Fair Value of Options

The Company estimated the fair value of option awards on the date of grant using the Black-Scholes option valuation model and the following assumptions:

	Years ended March 31,
	2020			2019			2018
Fair value of options	$	5.56		$	7.81		$	7.30
Expected life of awards in years		6.3			6.3			6.4
Risk-free interest rate		2.2	%		2.8	%		1.9	%
Expected volatility of the Company's stock		39.2	%		39.7	%		44.3	%
Expected dividend yield on the Company's stock		0.0	%		0.0	%		0.0	%

Stock Option Activity

A summary of stock option activity for fiscal 2020 was as follows:

	Shares			Weighted-average exercise price		Weighted-average remaining contractual term (years)		Aggregate intrinsic value
Outstanding, beginning		1.2		$	12.24
Granted		0.3			13.26
Exercised		-			7.13
Forfeited or expired		(0.1	)		12.68
Outstanding, ending		1.4		$	12.49		5.6	$	-
Exercisable, March 31, 2020		0.9		$	11.28		3.9	$	-

Information Related to Stock Options Exercised

Additional information related to stock options exercised is as follows:

	Years ended March 31,
	2020		2019		2018
Intrinsic value of stock options exercised	$	0.1	$	0.7	$	4.9
Proceeds from stock options exercised		0.1		1.1		4.3

Restricted Stock Activity

A summary of restricted stock activity for fiscal 2020 was as follows:

	Shares			Weighted-average price
Non-vested balance, beginning		0.5		$	14.95
Granted		0.4			13.54
Vested		(0.3	)		14.02
Forfeited		(0.1	)		14.99
Non-vested balance, ending		0.5		$	14.48