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Share-based Payments (Tables)
 9 Months Ended
Dec. 31, 2020
Share-based Payments [Abstract]  
Black-Scholes Option Pricing Model Assumptions Used to Derive Weighted Average Fair Value of Stock Options Granted
The following assumptions were used to derive the weighted average fair value of the stock options granted:

  
Nine Months Ended
December 31,
  
 
  
2020
    
2019
  
Weighted average risk free interest rate
    
0.44
%
    
1.76
%
Weighted average expected holding period (years)
    
5.96
      
5.70
  
Weighted average expected volatility
    
44.90
%
    
42.50
%
Weighted average expected dividend yield
    
-
      
-
  
Weighted average fair value of options granted
  
$
6.43
    
$
8.27
  
Stock Option Transactions
The following is a summary of stock option transactions:

 
  
Number of
Shares
    
Weighted Average
Exercise Price
  
Outstanding at March 31, 2020
    
1,536,123
    
$
18.18
  
Granted
    
345,423
    
$
15.16
  
Exercised
    
(14,794
)
  
$
13.84
  
Forfeited
    
(43,881
)
  
$
22.57
  
Outstanding at December 31, 2020
    
1,822,871
    
$
17.53
  
Restricted Stock Units Activity
The following is a summary of non-vested RSUs:

 
  
Number of
Shares
    
Weighted Average
Grant Date Fair
Value
  
Outstanding at March 31, 2020
    
201,983
    
$
20.06
  
Granted
    
251,801
    
$
16.48
  
Vested
    
(94,320
)
  
$
21.32
  
Forfeited
    
(4,980
)
  
$
17.65
  
Outstanding at December 31, 2020
    
354,484
    
$
17.22