Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation Expense (Tables)

v3.21.1
Stock-Based Compensation Expense (Tables)
12 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of shares outstanding A summary of stock option activity under our Stock Plans for fiscal 2021, 2020, and 2019 are as follows:
Options Outstanding
Number of Shares Weighted Average Exercise Price
Balance at March 31, 2018 365,624 $ 9.09 
Exercised (37,906) 10.44 
Forfeited (279) 21.52 
Balance at March 31, 2019 327,439 $ 8.92 
Exercised (185,792) 6.24 
Forfeited (4,295) 18.69 
Balance at March 31, 2020 137,352 $ 12.25 
Granted 71,780 14.28 
Exercised (71,492) 6.81 
Forfeited (16,171) 14.28 
Expired (10,068) 14.73 
Balance at March 31, 2021 111,401 $ 16.53 
Schedule of nonvested share activity
For fiscal 2021, 2020, and 2019 the intrinsic value of stock option exercises was $646, $3,240, and $555, respectively. During fiscal 2021, no options exercised will be transacted in the first quarter of fiscal year ending March 31, 2022.
Unvested Options
Number of Shares Weighted Average Grant Date Fair Value
Balance at March 31, 2018 19,000  $ 5.89 
Vested (9,500) 5.89 
Balance at March 31, 2019 9,500  $ 5.89 
Vested (9,500) 5.89 
Balance at March 31, 2020 —  $ — 
Granted —  — 
Vested —  — 
Forfeited —  — 
Balance at March 31, 2021 —  $ — 
Schedule of shares oustanding, vested and exercisable
The following table summarizes information about stock options outstanding as of March 31, 2021:
Options Outstanding Options Vested and Exercisable
Exercise Price Number Outstanding Weighted Average Contractual Life (Years) Weighted Average Exercise Price Aggregate Intrinsic Value at March 31, 2021 Number Vested and Exercisable Weighted Average Contractual Life (Years) Weighted Average Exercise Price Aggregate Intrinsic Value at March 31, 2021
$12.00 10,470 0.1 $ 12.00  $ 78,420  10,470  0.1 $ 12.00  $ 78,420 
$14.28 55,609 9.2 14.28  289,723  —  0 14.28  — 
$19.64 28,499 5.8 19.64  (4,275) 28,499  5.8 19.64  (4,275)
$21.52 16,823 1.3 21.52  (34,150) 16,823  1.3 21.52  (34,150)
$12.00 - $21.52 111,401  6.3  $ 16.53  $ 329,718  55,792  3.3  $ 18.77  $ 39,995 
Schedule restricted stock activity The following table summarizes the activity with regard to unvested restricted stock units issued to employees during fiscal 2021, fiscal 2020, and fiscal 2019.
Restricted Stock Units Number of Shares Weighted Average Grant Fair Value
Balance of unvested units at March 31, 2018 229,112 $ 19.55 
Granted 115,378 23.44 
Released (101,874) 19.93 
Forfeited (5,591) 19.98 
Balance of unvested units at March 31, 2019 237,025  $ 21.26 
Granted 122,747  22.17 
Released (117,216) 20.39 
Forfeited (5,850) 21.81 
Balance of unvested units at March 31, 2020 236,706 $ 22.14 
Granted 222,679 13.75 
Released (115,504) 21.33 
Forfeited (39,357) 16.95 
Balance of unvested units at March 31, 2021 304,524 $ 12.96 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award The following table summarized the target number of performance stock units outstanding and the minimum and maximum number of shares that can be earned as of March 31, 2021.     
Fiscal Year Granted Target Minimum Maximum
Fiscal 2019 68,178 0 136,356
Fiscal 2020 92,394 0 184,788
Fiscal 2021 136,350 0 272,700