Stock-Based Compensation (Tables)

12 Months Ended

Mar. 31, 2021

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,
	2021			2020			2019
Fair value of options	$	3.46		$	5.56		$	7.81
Expected life of awards in years		6.1			6.3			6.3
Risk-free interest rate		0.4	%		2.2	%		2.8	%
Expected volatility of the Company’s stock		54.1	%		39.2	%		39.7	%
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 2021 was as follows:

	Shares			Weighted-average exercise price		Weighted-average remaining contractual term (years)		Aggregate intrinsic value
Outstanding, beginning		1.4		$	12.49
Granted		0.4			6.88
Exercised		(0.4	)		10.56
Forfeited or expired		(0.3	)		10.94
Outstanding, ending		1.1		$	11.63		7.1	$	3.9
Exercisable, March 31, 2021		0.5		$	13.80		5.1	$	0.9

Information Related to Stock Options Exercised

Additional information related to stock options exercised is as follows:

	Years ended March 31,
	2021		2020		2019
Intrinsic value of stock options exercised	$	1.4	$	0.1	$	0.7
Proceeds from stock options exercised		4.1		0.1		1.1

Restricted Stock Activity

A summary of restricted stock activity for fiscal 2021 was as follows:

	Shares			Weighted-average price
Non-vested balance, beginning		0.5		$	14.48
Granted		0.8			7.53
Vested		(0.5	)		9.64
Forfeited		(0.1	)		13.40
Non-vested balance, ending		0.7		$	10.05