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EQUITY AWARDS (Tables)
3 Months Ended
Jun. 30, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Stock Option Activity

The following table represents stock option activity for the three months ended June 30, 2025:

 

 

 

Number
of Shares

 

 

 

 

Weighted-
Average
Exercise
Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding Options at March 31, 2025

 

 

184,233

 

 

 

$

 

95.75

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

29,424

 

 

 

$

 

213.66

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding Options at June 30, 2025

 

 

213,657

 

 

 

$

 

111.99

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Exercisable at June 30, 2025

 

 

164,778

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average Fair Value of
   Options Granted During the Year

 

 

 

 

 

$

 

90.94

 

Stock Options Outstanding

The following table summarizes information about stock options outstanding at June 30, 2025:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 - $81.28

 

 

88,060

 

 

 

4.29

 

 

$

63.01

 

 

 

88,060

 

 

$

63.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$91.21 - $100.88

 

 

32,852

 

 

 

3.02

 

 

$

94.95

 

 

 

32,852

 

 

$

94.95

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$118.27 - $139.25

 

 

48,931

 

 

 

6.87

 

 

$

126.59

 

 

 

36,079

 

 

$

126.93

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$143.09 - $261.76

 

 

43,814

 

 

 

2.59

 

 

$

206.91

 

 

 

7,787

 

 

$

166.51

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

213,657

 

 

 

4.33

 

 

$

111.99

 

 

 

164,778

 

 

$

88.26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Activity for Restricted Stock Units and Nonvested Restricted Stock

The following table summarizes the activity for restricted stock units and nonvested restricted stock during the three months ended June 30, 2025:

 

 

Number
of Shares

 

 

 

 

Weighted-
Average
Grant Date
Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Stock Units and Nonvested
   Restricted Stock at March 31, 2025

 

 

194,099

 

 

 

$

 

150.56

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

58,546

 

 

 

$

 

213.66

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested

 

 

(62,204

)

 

 

$

 

91.22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Stock Units and Nonvested
   Restricted Stock at June 30, 2025

 

 

190,441

 

 

 

$

 

126.88

 

Fiscal 2026 Employee Performance Stock Awards [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Weighted-Average Assumptions Used to Value Option Awards

The fair value of the above Performance Stock Awards was determined using a Monte Carlo simulation. The following are key inputs in the Monte Carlo analysis for the Fiscal 2026 Employee Performance Stock Awards.

 

 

Fiscal 2026

 

 

 

 

 

 

 

 

 

Measurement Period (in years)

 

 

2.86

 

 

 

 

 

 

 

 

 

Risk-Free Interest Rate

 

 

4.0

%

 

 

 

 

 

 

 

 

Dividend Yield

 

 

0.5

%

 

 

 

 

 

 

 

 

Volatility

 

 

31.3

%

 

 

 

 

 

 

 

 

Estimated Fair Value of Market-Based PSAs at Grant Date

 

$

213.66