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Stock-Based Compensation (Tables)
3 Months Ended
Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock-based Compensation Expense The Company recognized stock-based compensation expense in the following line items of the Condensed Consolidated Statements of Operations for the periods presented:

 

 

Three Months Ended

June 30,

 

 

 

2021

 

 

2020

 

 

 

(In thousands)

 

Component of income before income taxes:

 

 

 

 

 

 

 

 

Cost of goods sold

 

$

634

 

 

$

401

 

Selling, general and administrative expenses

 

 

6,017

 

 

 

5,198

 

Total stock-based compensation expense

 

$

6,651

 

 

$

5,599

 

The following table summarizes stock-based compensation expense by award type for the periods presented:

 

 

 

Three Months Ended

June 30,

 

 

 

2021

 

 

2020

 

 

 

(In thousands)

 

Stock-based compensation expense:

 

 

 

 

 

 

 

 

Stock Options

 

$

753

 

 

$

881

 

Restricted Stock

 

 

1,359

 

 

 

1,417

 

Performance-based Restricted Stock Units

 

 

4,188

 

 

 

2,984

 

Non-Employee Directors

 

 

351

 

 

 

317

 

Total stock-based compensation expense

 

$

6,651

 

 

$

5,599

 

Summary of Assumption Used to Estimate Fair Value of Stock Options The following table summarizes the assumptions used to estimate the fair value of stock-options during the periods presented:

 

 

 

Three Months Ended

June 30, 2021

 

Common stock price

 

$105.82

 

Expected stock price volatility

 

41.0%

 

Risk-free interest rate

 

1.1%

 

Weighted-average expected option life (years)

 

6.0

 

Dividend yield

 

0.3%