Stock-based Compensation (Tables)

12 Months Ended

Mar. 31, 2026

A summary of the status and changes of the Company’s nonvested shares is as follows:


	RSUs		LTIP PSUs
	Number of Shares	Weighted- Average Grant-Date Fair Value	Number of Shares	Weighted- Average Grant-Date Fair Value
Nonvested, March 31, 2023	535,746	$55.10	667,224	$57.98
Granted (1)	235,788	95.55	277,692	95.13
Vested (2)	(264,888)	(52.19)	(301,368)	(61.39)
Forfeited	(39,864)	(77.07)	(112,404)	(87.15)
Nonvested, March 31, 2024	466,782	75.31	531,144	69.29
Granted (1)	165,988	158.78	148,770	151.19
Vested (2)	(235,872)	(70.69)	(327,868)	(55.07)
Forfeited	(31,026)	(96.52)	(51,708)	(80.76)
Nonvested, March 31, 2025	365,872	114.34	300,338	123.42
Granted (1)	327,175	103.24	274,860	94.42
Vested (2)	(200,370)	(96.02)	(157,992)	(98.81)
Forfeited	(28,310)	(116.51)	(7,922)	(102.91)
Nonvested, March 31, 2026	464,367	$114.29	409,284	$113.84

(1) The amounts granted are the maximum amounts under the terms of the applicable LTIP PSUs.

(2) The amounts vested include shares withheld to cover taxes that are not issued to the recipient.

Components of stock-based compensation recorded, net of estimated forfeitures, in

SG&A expenses in the consolidated statements of comprehensive income were as follows:


	Years Ended March 31,
	2026	2025	2024
Other stock-based compensation
Employee Stock Purchase Plan	792	651	505
Total stock-based compensation, pre-tax	44,835	37,943	37,288
Income tax benefit	(10,741)	(9,304)	(9,097)
Total stock-based compensation, net of tax	$34,094	$28,639	$28,191

Total remaining unrecognized stock-based compensation as of

March 31, 2026, related to non-vested awards that the Company considers probable to vest and the weighted-

average period over which the cost is expected to be recognized in future periods, is as follows:


	Unrecognized Stock-Based Compensation	Weighted- Average Remaining Vesting Period (Years)
RSUs	$28,554	1.2
LTIP PSUs	23,149	1.7
Total	$51,703