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STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block] Fair value was estimated at grant date using the weighted-average assumptions listed below:
 
Three months ended December 31,
 
Nine months ended December 31,
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
Dividend Yield
—%
 
—%
 
—%
 
—%
Expected Volatility
52.87%
 
48.95%
 
52.09%
 
48.95%
Average risk-free rate
1.64%
 
3.06%
 
1.66%
 
3.06%
Expected Life
6.0 years
 
6.7 years
 
6.2 years
 
6.7 years
Tabular disclosure of performance shares vesting based on EPS targets [Table Text Block] The Performance Option performance target is set forth below.
Trailing 4-Quarter EPS Targets for
September 30, 2018 through March 31, 2025
Options Eligible for Vesting
(Percentage of Award)
$25.30
100%
Summary schedule of stock option activity ption activity for the nine months ended December 31, 2019 was as follows:
 
Shares
 
Weighted Average Exercise
Price
 
Weighted Average
Remaining
Contractual Term
 
Aggregate Intrinsic Value
 
 
 
 
 
 
 
 
Options outstanding, beginning of period
704,240

 
$
85.33

 
 
 
 
Granted during period
16,421

 
126.15

 
 
 
 
Exercised during period
(69,181
)
 
66.35

 
 
 
 
Forfeited during period
(10,093
)
 
98.68

 
 
 
 
Expired during period
(1,620
)
 
30.89

 
 
 
 
Options outstanding, end of period
639,767

 
$
88.36

 
6.7 years
 
$
4,285,681

Options exercisable, end of period
320,479

 
$
74.84

 
4.6 years
 
$
4,217,480
Intrinsic value of options exercised The total intrinsic value of options exercised during the periods ended December 31, 2019 and 2018 was as follows:
 
December 31,
2019
 
December 31,
2018
 
 
 
 
Three months ended
$
728,193

 
$
1,159,858

Nine months ended
$
5,078,750

 
$
2,251,405
Summary of the status and changes restricted stock
A summary of the status of the Company’s restricted stock as of December 31, 2019, and changes during the nine months ended December 31, 2019, are presented below:
 
Shares
 
Weighted Average Fair Value at Grant Date
 
 
 
 
Outstanding at March 31, 2019
783,450

 
$
100.66

Granted during the period
7,203

 
93.88

Vested during the period
(89,419
)
 
92.93

Forfeited during the period
—

 
—

Outstanding at December 31, 2019
701,234

 
$
101.57

 
Share-based compensation included as a component of net income
Total stock-based compensation included as a component of net income during the three and nine month periods ended December 31, 2019 and 2018 was as follows:
 
Three months ended December 31,
 
Nine months ended December 31,
 
2019
 
2018
 
2019
 
2018
Stock-based compensation related to equity classified awards:
 
 
 
 
 
 
 
Stock-based compensation related to stock options
$
1,168,033

 
$
1,361,349

 
$
4,394,143

 
$
2,424,986

Stock-based compensation related to restricted stock, net of adjustments and exclusive of cancellations
5,162,777

 
5,565,768

 
18,539,144

 
7,480,117

Total stock-based compensation related to equity classified awards
$
6,330,810

 
$
6,927,117

 
$
22,933,287

 
$
9,905,103
Restricted Stock [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Tabular disclosure of performance shares vesting based on EPS targets [Table Text Block]
The Performance Share performance targets are set forth below.
Trailing 4-Quarter EPS Targets for
September 30, 2018 through March 31, 2025
Restricted Stock Eligible for Vesting
(Percentage of Award)
$16.35
40%
$20.45
60%