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Share-based Compensation (Tables)
6 Months Ended
Sep. 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 September 30,

 

 

Six Months Ended September 30,

 

(In thousands)

2022

 

 

2021

 

 

2022

 

 

2021

 

Product development

 

2,141

 

 

 

1,751

 

 

 

3,662

 

 

 

3,816

 

Sales and marketing

 

290

 

 

 

335

 

 

 

565

 

 

 

666

 

General and administrative

 

1,025

 

 

 

1,256

 

 

 

1,717

 

 

 

2,481

 

Total share-based compensation expense

 

3,456

 

 

 

3,342

 

 

 

5,944

 

 

 

6,963

 

Activity related SSARs award

The following table summarizes the activity during the six months ended September 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

 

 

(201,612

)

 

 

17.77

 

 

 

 

 

 

 

Forfeited

 

 

(24,762

)

 

 

20.02

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2022

 

 

1,946,565

 

 

$

24.72

 

 

 

3.9

 

 

$

59,618

 

Exercisable at September 30, 2022

 

 

1,619,517

 

 

$

24.82

 

 

 

3.8

 

 

$

49,439

 

Vested and expected to vest at September 30, 2022

 

 

1,946,565

 

 

$

24.72

 

 

 

3.9

 

 

$

59,618

 

 

Activity related to restricted shares awarded by the Company The following table summarizes the activity during the six months ended September 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

 

 

253,968

 

 

 

42.94

 

Vested

 

 

(15,878

)

 

 

44.70

 

Forfeited

 

 

(8,572

)

 

 

44.67

 

Outstanding at September 30, 2022

 

 

377,491

 

 

$

43.09