Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation Expense (Tables)

v3.22.1
Stock-Based Compensation Expense (Tables)
12 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of shares outstanding A summary of stock option activity under our Stock Plans for fiscal 2022, 2021, and 2020 are as follows:
Options Outstanding
Number of Shares Weighted Average Exercise Price
Balance at March 31, 2019 327,439 $ 8.92 
Granted — 
Exercised (159,062) 6.24 
Forfeited (5,361) 18.69 
Balance at March 31, 2020 163,016 $ 12.25 
Granted 71,780 14.28 
Exercised (97,156) 6.81 
Forfeited (16,171) 14.28 
Expired (10,068) $ 14.73 
Balance at March 31, 2021 111,401 $ 16.53 
Granted — 
Exercised (8,100) 12.00 
Forfeited (9,742) 14.28 
Expired (4,322) 16.30 
Balance at March 31, 2022 89,237 $ 17.20 
Schedule of nonvested share activity For fiscal 2022, 2021, and 2020 the intrinsic value of stock option exercises was $60, $646, and $3,240, respectively.
Schedule of shares oustanding, vested and exercisable
The following table summarizes information about stock options outstanding as of March 31, 2022:
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, 2022 Number Vested and Exercisable Weighted Average Contractual Life (Years) Weighted Average Exercise Price Aggregate Intrinsic Value at March 31, 2022
$14.28 45,867 8.2 14.28  $ 88,065  —  8.2 —  — 
$19.64 28,499 4.8 19.64  —  28,499  4.8 19.64  — 
$21.52 14,871 0.3 21.52  —  14,871  0.3 21.52  — 
$14.28 - $21.52 89,237  5.8  $ 17.20  $ 88,065  43,370  5.8  $ 20.28  $ — 
Schedule restricted stock activity
The following table summarizes the activity with regard to unvested restricted stock units issued to employees during fiscal 2022, 2021, and 2020.
Restricted Stock Units Number of Shares Weighted Average Grant Fair Value
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 
Granted 139,242 17.62 
Released (125,089) 19.42 
Forfeited (24,524) 14.81 
Balance of unvested units at March 31, 2022 294,153 $ 16.26 
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, 2022.
Fiscal Year Granted Target Minimum Maximum
Fiscal 2020 92,394 184,788
Fiscal 2021 136,350 272,700
Fiscal 2022 95,068 190,136