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Share-based Compensation (Tables)
3 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Summary of share-based compensation expense for options

The following table summarizes the share-based compensation expense for SSARs, restricted and performance grants included in the condensed consolidated statements of operations:

 

 

Three Months Ended June 30,

 

(In thousands)

2022

 

 

2021

 

Product development

 

1,521

 

 

 

2,065

 

Sales and marketing

 

275

 

 

 

331

 

General and administrative

 

692

 

 

 

1,225

 

Total share-based compensation expense

 

2,488

 

 

 

3,621

 

Activity related SSARs award

The following table summarizes the activity during the three months ended June 30, 2022 for SSARs awarded under the 2020 and 2016 Plans:

 

(In thousands, except share and per share data)

 

Number of
Rights

 

 

Weighted-Average Exercise Price

 

 

Remaining
Contractual Term

 

 

Aggregate
Intrinsic Value

 

 

 

 

 

 

(per right)

 

 

(in years)

 

 

 

 

Outstanding at April 1, 2022

 

 

2,172,939

 

 

$

24.02

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(114,360

)

 

 

16.04

 

 

 

 

 

 

 

Forfeited

 

 

(19,171

)

 

 

20.02

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2022

 

 

2,039,408

 

 

$

24.51

 

 

 

4.2

 

 

$

46,419

 

Exercisable at June 30, 2022

 

 

1,528,171

 

 

$

24.50

 

 

 

4.1

 

 

$

34,802

 

Vested and expected to vest at June 30, 2022

 

 

2,039,408

 

 

$

24.51

 

 

 

4.2

 

 

$

46,419

 

 

Activity related to restricted shares awarded by the Company The following table summarizes the activity during the three months ended June 30, 2022 for restricted shares awarded under the 2020 and 2016 Plans:

 

 

 

Number of Shares

 

 

Weighted-Average Grant-Date Fair Value

 

 

 

 

 

 

(per share)

 

Outstanding at April 1, 2022

 

 

147,973

 

 

$

43.56

 

Granted

 

 

252,707

 

 

 

42.91

 

Vested

 

 

(7,434

)

 

 

36.68

 

Forfeited

 

 

(2,885

)

 

 

45.76

 

Outstanding at June 30, 2022

 

 

390,361

 

 

$

43.25