Stock-Based Compensation (Tables)

3 Months Ended

Jun. 30, 2019

Stock-Based Compensation

Schedule of Performance Stock Unit activity

	Three Months	Weighted
	Ended	Average Fair
	June 30,	Value at Grant
	2019	Date (per unit)
Unvested shares available for issue under outstanding PSUs, beginning of period	98,306	$	14.55
PSUs Granted	45,500		16.37
PSUs Vested	(26,506)		14.07
PSUs Forfeited/Cancelled	(24,000)		15.58
Unvested shares available for issue under outstanding PSUs, end of period	93,300	$	15.31

Schedule of Stock Options

	Three Months	Weighted
	Ended	Average Fair
	June 30,	Value at Grant
	2019	Date (per unit)
Unvested options, beginning of period	281,292	$	2.39
Options Granted	135,000		3.91
Options Vested	(43,292)		2.55
Unvested options, end of period	373,000	$	2.92

				June 30, 2019
Grant Fiscal Year	Options Granted		Option Exercise Price	Options Outstanding	Options Exercisable
2020	135,000	$	18.03	135,000	-
2019	66,500	$	16.31	61,500	10,167
2018	230,000	$	15.12	160,000	81,458
2017	410,000	$	12.57	330,000	222,708
2016	100,000	$	22.42	40,000	39,167
Total				726,500	353,500

Schedule of assumptions of Black-Scholes-Merton option pricing model

Grant Fiscal Year	Expected Stock Price Volatility		Risk-Free Interest Rate		Expected Dividend Yield		Average Expected Term	Resulting Black Scholes Value
2020	36.21	%	2.70	%	4.44	%	4.0	$	3.91
2019	35.59	%	3.11	%	4.99	%	4.0	$	3.38
2018	32.63	%	1.96	%	5.34	%	4.0	$	2.57