Stock-Based Compensation (Tables)

9 Months Ended

Dec. 31, 2021

Stock-Based Compensation [Abstract]

Fair Value of Stock-Based Compensation Awards

The fair value of stock-based compensation awards granted during the nine months ended December 31, 2021 and 2020 were as follows:

	Nine months ended December 31,
	2021				2020
	Shares		Fair Value Per Award		Shares		Fair Value Per Award
Stock options		0.2	$	8.79		0.4	$	3.46
Restricted stock awards		0.3	$	14.96		0.6	$	8.34
Unrestricted stock awards		0.1	$	15.93		0.2	$	5.21

Assumptions Used in Determining Fair Value of Stock Options

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

	Nine months ended December 31,
	2021			2020
Expected life of awards in years		6.1			6.1
Risk-free interest rate		1.1	%		0.4	%
Expected volatility of the Company’s stock		56.5	%		54.1	%
Expected dividend yield on the Company’s stock		0.0	%		0.0	%

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

As of December 31, 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	$	2.4		2.9
Restricted stock awards		7.2		2.5
Performance stock awards		0.1		0.3
Total	$	9.7		2.6