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Share-based Compensation (Tables)
9 Months Ended
Dec. 31, 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 December 31,

 

 

Nine Months Ended December 31,

 

(In thousands)

2022

 

 

2021

 

 

2022

 

 

2021

 

Product development

 

2,108

 

 

 

2,217

 

 

 

5,770

 

 

 

6,033

 

Sales and marketing

 

257

 

 

 

345

 

 

 

822

 

 

 

1,011

 

General and administrative

 

1,101

 

 

 

1,277

 

 

 

2,818

 

 

 

3,758

 

Total share-based compensation expense

 

3,466

 

 

 

3,839

 

 

 

9,410

 

 

 

10,802

 

Activity related SSARs award

The following table summarizes the activity during the nine months ended December 31, 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

 

 

(285,909

)

 

 

18.40

 

 

 

 

 

 

 

Forfeited

 

 

(27,463

)

 

 

20.02

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2022

 

 

1,859,567

 

 

$

24.95

 

 

 

3.6

 

 

$

100,773

 

Exercisable at December 31, 2022

 

 

1,712,468

 

 

$

25.12

 

 

 

3.6

 

 

$

92,514

 

Vested and expected to vest at December 31, 2022

 

 

1,859,567

 

 

$

24.95

 

 

 

3.6

 

 

$

100,773

 

 

Activity related to restricted shares awarded by the Company The following table summarizes the activity during the nine months ended December 31, 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

 

 

342,642

 

 

 

48.76

 

Vested

 

 

(20,048

)

 

 

44.00

 

Forfeited

 

 

(11,261

)

 

 

44.81

 

Outstanding at December 31, 2022

 

 

459,306

 

 

$

47.41