Share-Based Compensation (Tables)

12 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Assumptions Used

The following weighted-average assumptions were used for options granted during fiscal 2020, fiscal 2019 and fiscal 2018:

	Fiscal 2020		Fiscal 2019		Fiscal 2018
Risk-free interest rate	2.26	%	2.64	%	2.01	%
Expected life of options	6.2 years		6.2 years		5.7 years
Expected dividend yield of stock	1.22	%	1.47	%	1.58	%
Expected volatility of stock	20.27	%	19.91	%	22.08	%

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding

A summary of share option activity is as follows:

	Number of Options	Weighted Average Exercise Price		Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at March 31, 2019	2,104,685	$	72.82
Granted	345,138	147.22
Exercised	(613,086)	57.29
Forfeited	(40,611)	122.61
Outstanding at March 31, 2020	1,796,126	$	91.29	6.8 years	$	89,800
Exercisable at March 31, 2020	922,708	$	69.52	5.6 years	$	65,136

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of the non-vested restricted share activity is presented below:

	Number of Restricted Shares	Number of Restricted Share Units	Weighted-Average Grant Date Fair Value
Non-vested at March 31, 2019	676,373	33,219	$	80.86
Granted	156,901	14,553	135.86
Vested	(221,606)	(14,999)	74.63
Forfeited	(35,838)	(1,879)	93.56
Non-vested at March 31, 2020	575,830	30,894	$	98.07