Stock-Based Compensation (Tables)

6 Months Ended

Sep. 30, 2022

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, 2022 and 2021 were as follows:

	Six months ended September 30,
	2022				2021
	Shares		Fair Value Per Award		Shares		Fair Value Per Award
Stock options		0.2	$	6.97		0.2	$	8.98
Restricted stock awards		0.4	$	12.51		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:

	Six months ended September 30,
	2022			2021
Expected life of awards in years		6.0			6.1
Risk-free interest rate		3.0	%		1.0	%
Expected volatility of the Company’s stock		57.8	%		56.4	%
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 September 30, 2022, unrecognized compensation expense related to non-vested stock-based compensation awards, which will be recognized as expense over the remaining service periods, was as follows:

	Unrecognized Compensation Expense		Weighted-Average Remaining Service Period in Years
Stock options	$	2.9		2.5
Restricted stock awards		6.7		2.3
Total	$	9.6		2.4