SHARE-BASED EMPLOYEE COMPENSATION (Tables)

3 Months Ended

Jun. 30, 2022

Share-based Payment Arrangement [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 2023 are as follows:

Dividend Yield		0.8	%
Expected Volatility		38.2	%
Risk-Free Interest Rate		2.9	%
Expected Life	6.0 years

In addition to the stock options described above, from time to time we issue stock options to certain employees.

Stock Option Activity

The following table represents stock option activity for the three months ended June 30, 2022:

	Number of Shares			Weighted- Average Exercise Price
Outstanding Options at March 31, 2022		456,849		$	83.81
Granted		51,522		$	125.88
Exercised		(17,159	)	$	125.12
Cancelled		—		$	—
Outstanding Options at June 30, 2022		491,212		$	88.85
Options Exercisable at June 30, 2022		298,520
Weighted-Average Fair Value of Options Granted During the Year	$	125.88

Stock Options Outstanding

The following table summarizes information about stock options outstanding at June 30, 2022:

	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
$59.32 - $81.56		172,395		7.08	$	62.87		85,585	$	64.96
$87.37 - $93.03		151,569		6.58	$	91.57		109,241	$	91.57
$99.37 - $143.09		167,248		7.18	$	113.16		103,694	$	106.15
		491,212		6.96	$	88.85		298,520	$	89.00

Summary of Activity for Nonvested Restricted Shares

The following table summarizes the activity for nonvested restricted shares during the three months ended June 30, 2022:

	Number of Shares			Weighted-Average Grant Date Fair Value
Nonvested Restricted Stock at March 31, 2022		258,779		$	85.34
Granted		96,135		$	126.01
Vested		(28,746	)	$	133.85
Forfeited		—		$	—
Nonvested Restricted Stock at June 30, 2022		326,168		$	94.66