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Stock-Based Compensation (Tables)
6 Months Ended
Sep. 30, 2021
Stock-Based Compensation [Abstract]  
Fair Value of Stock-Based Compensation Awards
The fair value of stock-based compensation awards granted during the six months ended September 30, 2021 were as follows:


 
Shares
   
Fair Value
Per Award
 
Stock options
   
0.2
   
$
8.98
 
Restricted stock awards
   
0.3
   
$
15.97
 
Unrestricted stock awards     0.1     $ 15.93  
Assumptions Used in Determining Fair Value of Stock Options
The Company used the following assumptions in determining fair value for stock options for the six months ended September 30, 2021:

Expected life of awards in years
   
6.1
 
Risk-free interest rate
   
1.0
%
Expected volatility of the Company’s stock
   
56.4
%
Expected dividend yield on the Company’s stock
   
0.0
%
Unrecognized Compensation Expense Related to Non-Vested Stock-Based Compensation Awards
As of September 30, 2021, 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
 
$
3.0
     
3.0
 
Restricted stock awards
   
8.2
     
2.7
 
Performance stock awards
   
0.3
     
0.5
 
Total
 
$
11.5
     
2.7