Share-based Payment (Tables)
|
12 Months Ended |
Mar. 31, 2022 |
|---|
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
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| Summary of Number and Weighted Average Exercise Prices of Market Performance Options |
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2022 |
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|
Options outstanding |
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Exercisable options |
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Weighted |
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remaining |
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Weighted |
|
Weighted |
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|
contractual |
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Number of |
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number of |
|
average |
Exercise |
|
life |
|
options |
|
options |
|
exercise |
price |
|
outstanding |
|
outstanding |
|
exercisable |
|
price |
|
|
|
|
|
|
|
|
|
$43.40 - $66.85 |
|
4.87 |
|
67,858 |
|
— |
|
— |
$66.86 - $71.75 |
|
4.35 |
|
135,071 |
|
29,665 |
|
69.30 |
$71.76 - $82.60 |
|
5.18 |
|
86,294 |
|
60,131 |
|
74.55 |
$82.61 - $181.65 |
|
2.61 |
|
10,350 |
|
7,102 |
|
149.45 |
$181.66 - $232.75 |
|
6.50 |
|
6,748 |
|
5,985 |
|
210.00 |
|
|
|
|
306,321 |
|
102,883 |
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|
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| Summary of Number and Weighted Average Share Prices of DSUs |
The number and weighted average share prices of DSUs are as follows:
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2022 |
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2021 |
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Weighted |
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Weighted |
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average |
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|
average |
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|
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|
share |
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Number of |
|
share |
|
Number of |
|
Notes |
|
price |
|
DSUs |
|
price |
|
DSUs |
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|
|
|
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|
|
DSUs outstanding at April 1, 2022 and 2021 |
|
|
$63.00 |
|
3,362 |
|
$68.39 |
|
3,544 |
Granted |
|
|
19.26 |
|
3,106 |
|
63.00 |
|
1,199 |
Released through the issuance of common shares |
14(c) |
|
— |
|
— |
|
68.82 |
|
(1,381) |
DSUs outstanding at March 31, 2022 and 2021 |
|
|
$66.45 |
|
6,468 |
|
$63.00 |
|
3,362 |
|
|
|
|
|
|
|
|
|
|
DSUs exercisable at March 31, 2022 and 2021 |
|
|
$39.93 |
|
2,753 |
|
$58.50 |
|
809 |
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| Summary of Number and Weighted Average Share Prices of RSUs |
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2022 |
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|
2021 |
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Weighted |
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|
Weighted |
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|
average |
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|
average |
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|
share |
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Number of |
|
share |
|
Number of |
|
Notes |
|
price |
|
RSUs |
|
price |
|
RSUs |
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RSUs outstanding at April 1st, 2022 and 2021 |
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|
$92.08 |
|
95,845 |
|
$155.05 |
|
59,999 |
Granted |
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|
16.19 |
|
111,915 |
|
58.50 |
|
62,514 |
Forfeited |
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|
51.65 |
|
(10,538) |
|
— |
|
— |
Released through the issuance of common shares |
14(d) |
|
50.53 |
|
(108,079) |
|
155.05 |
|
(16,414) |
Withheld as payment of withholding taxes |
14(d) |
|
10.61 |
|
(64,105) |
|
155.05 |
|
(10,254) |
RSUs outstanding at March 31, 2022 and 2021 |
|
|
$59.75 |
|
25,038 |
|
$92.08 |
|
95,845 |
|
| Summary of Number and Weighted Average Share Prices of Restricted Shares |
The number and weighted average share prices of restricted shares are as follows:
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2022 |
|
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|
2021 |
|
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Weighted |
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|
Weighted |
|
|
|
|
|
average |
|
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|
average |
|
|
|
|
|
share |
|
Number of |
|
share |
|
Number of |
|
Notes |
|
price |
|
RSUs |
|
price |
|
RSUs |
|
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|
Restricted shares outstanding at April 1st, 2022 and 2021 |
|
|
$— |
|
— |
|
$— |
|
— |
Granted |
|
|
— |
|
— |
|
146.65 |
|
1,004 |
Forfeited |
|
|
— |
|
— |
|
146.65 |
|
(154) |
Released through the issuance of common shares |
14(e) |
|
— |
|
— |
|
146.65 |
|
(850) |
Restricted shares outstanding at March 31, 2022 and 2021 |
|
|
$— |
|
— |
|
$— |
|
— |
|
|
|
|
|
|
|
|
|
|
Restricted shares exercisable at March 31, 2022 and 2021 |
|
|
$‒ |
|
‒ |
|
$‒ |
|
‒ |
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| Stock Option Plan |
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| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
|
| Summary of Stock Option Plan |
The number and weighted average exercise prices of stock options are as follows:
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|
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|
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|
|
|
|
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|
2022 |
|
|
|
2021 |
|
|
|
Weighted |
|
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|
Weighted |
|
|
|
|
|
average |
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|
average |
|
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|
exercise |
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Number of |
|
exercise |
|
Number of |
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Notes |
|
price |
|
options |
|
price |
|
options |
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|
Options outstanding at April 1st, 2022 and 2021 |
|
|
$65.91 |
|
121,208 |
|
$65.76 |
|
229,784 |
Granted |
|
|
25.41 |
|
286,554 |
|
56.91 |
|
57,839 |
Exercised |
14(b) |
|
— |
|
— |
|
51.88 |
|
(142,193) |
Forfeited |
|
|
37.41 |
|
(94,298) |
|
127.32 |
|
(24,222) |
Expired |
|
|
89.90 |
|
(7,143) |
|
— |
|
— |
Options outstanding at March 31, 2022 and 2021 |
|
|
$37.41 |
|
306,321 |
|
$65.91 |
|
121,208 |
|
|
|
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Options exercisable at March 31, 2022 and 2021 |
|
|
$56.68 |
|
102,883 |
|
$67.23 |
|
61,526 |
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| Summary of Assumptions Used to Determine Fair Value of Options Granted |
The fair value of options granted has been estimated using the Black-Scholes option pricing model and based on the weighted average of the following assumptions for options granted to employees during the twelve-month period ended March 31, 2022 and 2021 as at the date of grant:
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Year ended |
|
Year ended |
|
|
March 31, 2022 |
|
March 31, 2021 |
|
|
|
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|
Exercise price and share price |
|
$25.41 |
|
$56.91 |
Dividend yield |
|
— |
|
‒ |
Risk-free interest |
|
0.94% |
|
0.46% |
Estimated life (years) |
|
4.29 |
|
3.74 |
Expected volatility |
|
82.73% |
|
98.65% |
|
| Market Performance Options |
|
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
|
| Summary of Stock Option Plan |
The number and weighted average exercise prices of market performance options are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
2021 |
|
|
|
Weighted |
|
|
|
Weighted |
|
|
|
|
|
average |
|
|
|
average |
|
|
|
|
|
exercise |
|
Number of |
|
exercise |
|
Number of |
|
Notes |
|
price |
|
options |
|
price |
|
options |
|
|
|
|
|
|
|
|
|
|
Options outstanding at April 1, 2021 and 2020 |
|
|
$155.05 |
|
157,142 |
|
$154.12 |
|
157,857 |
Exercised |
14(b) |
|
— |
|
— |
|
40.64 |
|
(715) |
Options outstanding at March 31, 2022 and 2021 |
|
|
$155.05 |
|
157,142 |
|
$155.05 |
|
157,142 |
|
|
|
|
|
|
|
|
|
|
Options exercisable at March 31, 2022 and 2021 |
|
|
$155.05 |
|
21,429 |
|
$155.05 |
|
21,429 |
|