Share-Based Plans (Tables)

Activity and related information pertaining to stock options for the year ended March 31, 2017 was as follows:



	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
						(in thousands)
Outstanding at April 1, 2016	508,675		$	25.34
Granted	151,350		27.48
Exercised	(34,850	)	19.38
Forfeited/canceled	(70,600	)	27.27
Outstanding at March 31, 2017	554,575		$	26.05	4.2 years	$	652
Exercisable at March 31, 2017	145,325		$	22.52	2.5 years	$	586
Expected to vest at March 31, 2017	310,440		$	27.36	5.2 years	$	33

Activity and related information pertaining to RSUs for the year ended March 31, 2017 was as follows:



	Number of RSUs		Weighted Average Fair Value		Weighted Average Remaining Contractual Life
Outstanding at April 1, 2016	188,810		$	17.75
Granted	75,602		21.54
Vested	(59,400	)	14.78
Forfeited/canceled	(19,635	)	18.72
Outstanding at March 31, 2017	185,377		$	20.14	1.8 years

The fair value of each stock option granted was estimated on the date of grant using either the Black-Scholes option valuation model (for service-based awards) or a Monte Carlo simulation model (for performance-based awards) with the following average assumptions:



	For the Years Ended March 31,
	2017		2016		2015
Expected dividend yield at time of grant	2.91	%	2.58	%	2.33	%
Expected stock price volatility	35	%	37	%	48	%
Risk-free interest rate	1.66	%	1.92	%	1.45	%
Expected life of option (in years)	4.8		4.6		4.8

The fair value of each market-based RSU granted during fiscal 2017, 2016 and 2015 was estimated on the date of grant using a Monte Carlo simulation model with the following assumptions:



	For the Years Ended March 31,
	2017		2016		2015
Expected dividend yield at time of grant	2.99	%	2.60	%	2.38	%
Expected stock price volatility	33	%	37	%	39	%
Risk-free interest rate	1.20	%	1.29	%	1.17	%