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Share-based Compensation (Tables)
9 Months Ended
Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of share-based compensation expense

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

 

Three months ended
December 31,

 

 

Nine months ended
December 31,

 

(In thousands)

2023

 

 

2022

 

 

2023

 

 

2022

 

Product development

 

1,878

 

 

 

2,108

 

 

 

4,743

 

 

 

5,770

 

Sales and marketing

 

228

 

 

 

257

 

 

 

487

 

 

 

822

 

General and administrative

 

1,532

 

 

 

1,101

 

 

 

4,259

 

 

 

2,818

 

Total share-based compensation expense

 

3,638

 

 

 

3,466

 

 

 

9,489

 

 

 

9,410

 

Activity related SSARs award

The following table summarizes the activity during the nine months ended December 31, 2023 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, 2023

 

 

1,572,460

 

 

$

26.04

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(238,098

)

 

 

18.27

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2023

 

 

1,334,362

 

 

$

27.42

 

 

 

2.3

 

 

$

76,591

 

Exercisable at December 31, 2023

 

 

1,334,362

 

 

$

27.42

 

 

 

2.3

 

 

$

76,591

 

Vested and expected to vest at December 31, 2023

 

 

1,334,362

 

 

$

27.42

 

 

 

2.3

 

 

$

76,591

 

 

Restricted Stock [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Activity related to restricted shares awarded by the Company The following table summarizes the activity during the nine months ended December 31, 2023 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, 2023

 

 

407,324

 

 

$

47.53

 

Granted

 

 

198,969

 

 

 

88.36

 

Vested

 

 

(129,937

)

 

 

48.51

 

Forfeited

 

 

(22,020

)

 

 

46.76

 

Outstanding at December 31, 2023

 

 

454,336

 

 

$

65.19

 

 

Restricted Stock Units (RSUs) [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Activity related to restricted shares awarded by the Company The following table summarizes the activity during nine months ended December 31, 2023 for restricted stock units awarded under the 2020 Plan:

 

 

 

Number of Shares

 

 

Weighted-Average Grant-Date Fair Value

 

 

 

 

 

 

(per share)

 

Outstanding at April 1, 2023

 

 

67,856

 

 

$

71.62

 

Granted

 

 

 

 

 

Vested

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

Outstanding at December 31, 2023

 

 

67,856

 

 

$

71.62