STOCK OPTION PLANS (Tables)

12 Months Ended

Mar. 31, 2023

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 and 2022 are as follows:

	2023			2022
Dividend Yield		0.8	%		0.8	%
Expected Volatility		38.2	%		38.4	%
Risk-Free Interest Rate		2.90	%		1.00	%
Expected Life	6.0 years			6.0 years

Stock Option Activity

The following table shows stock option activity for the years presented:

	For the Years Ended March 31,
	2023					2022					2021
	Number of Shares			Weighted- Average Exercise Price		Number of Shares			Weighted- Average Exercise Price		Number of Shares			Weighted- Average Exercise Price
Outstanding Options at Beginning of Year		456,849		$	83.81		708,501		$	83.85		1,160,091		$	80.36
Granted		56,621		$	125.90		11,316		$	140.42		187,121		$	61.92
Exercised		(73,343	)	$	80.19		(247,578	)	$	86.97		(623,617	)	$	70.57
Cancelled		(3,178	)	$	109.15		(15,390	)	$	76.63		(15,094	)	$	92.51
Outstanding Options at End of Year		436,949		$	89.69		456,849		$	83.81		708,501		$	83.85
Options Exercisable at End of Year		339,043					314,624					416,817
Weighted-Average Fair Value of Options Granted During the Year				$	48.36				$	49.18				$	22.68

Stock Options Outstanding

The following table summarizes information about stock options outstanding at March 31, 2023:

	Options Outstanding						Options Exercisable
Range of Exercise Prices	Number of Shares Outstanding		Weighted- Average Remaining Contractual Life		Weighted- Average Exercise Price		Number of Shares Outstanding		Weighted- Average Exercise Price
$59.32 - $81.28		149,712		6.30	$	62.96		106,308	$	63.84
$87.37 - $93.03		138,656		5.80	$	91.56		137,664	$	91.57
$99.37 - $143.09		148,581		6.62	$	114.86		95,071	$	108.94
		436,949		6.25	$	89.69		339,043	$	87.74

Summary of Activity for Nonvested Restricted Shares

The following table summarizes the activity for nonvested restricted shares during the fiscal years ended March 31, 2023, 2022, and 2021:

	For the Years Ended March 31,
	2023					2022					2021
	Number of Shares			Weighted- Average Grant Date Fair Value		Number of Shares			Weighted- Average Grant Date Fair Value		Number of Shares			Weighted- Average Grant Date Fair Value
Nonvested Restricted Stock at Beginning of Year		258,779		$	85.34		267,090		$	62.56		233,120		$	75.35
Granted		111,230		$	126.23		113,414		$	139.91		179,377		$	63.83
Vested		(147,678	)	$	104.33		(116,507	)	$	87.47		(136,280	)	$	78.89
Cancelled		(3,247	)	$	124.82		(5,218	)	$	75.10		(9,127	)	$	71.46
Nonvested Restricted Stock at End of Year		219,084		$	96.54		258,779		$	85.34		267,090		$	62.56