SHARE-BASED EMPLOYEE COMPENSATION (Tables)

9 Months Ended

Dec. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Weighted-Average Assumptions Used to Value Option Awards

The weighted-average assumptions used in the Black-Scholes model to value the option awards in fiscal 2022 are as follows:

	2022
Dividend Yield		0.8	%
Expected Volatility		38.4	%
Risk-Free Interest Rate		1.0	%
Expected Life	6.0 years

Stock Option Activity

The following table represents stock option activity for the nine months ended December 31, 2021:

	Number of Shares			Weighted- Average Exercise Price
Outstanding Options at March 31, 2021		708,501		$	83.85
Granted		11,316		$	140.42
Exercised		(236,368	)	$	88.50
Cancelled		(15,390	)	$	76.63
Outstanding Options at December 31, 2021		468,059		$	83.11
Options Exercisable at December 31, 2021		211,516
Weighted-Average Fair Value of Options Granted During the Year	$	49.18

Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2021:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Number of Shares Outstanding		Weighted- Average Remaining Contractual Life (in years)		Weighted- Average Exercise Price		Number of Shares Outstanding		Weighted- Average Exercise Price
$33.69 - $37.34		12,373		0.45	$	34.52		12,373	$	34.52
$59.32 - $81.56		180,192		7.39	$	63.48		49,970	$	70.43
$87.37 - $93.03		159,768		6.84	$	91.35		76,095	$	91.11
$99.37 - $143.09		115,726		6.47	$	107.49		73,078	$	105.41
		468,059		6.79	$	83.11		211,516	$	87.85

Summary of Activity for Nonvested Restricted Shares

The following table summarizes the activity for nonvested restricted shares during the nine months ended December 31, 2021:

	Number of Shares			Weighted-Average Grant Date Fair Value
Nonvested Restricted Stock at March 31, 2021		267,090		$	62.56
Granted		113,414		$	139.91
Vested		(23,685	)	$	56.43
Forfeited		(5,218	)	$	75.10
Nonvested Restricted Stock at December 31, 2021		351,601		$	87.73