Cover
Cover | 12 Months Ended |
Mar. 31, 2023 | |
Document Information [Line Items] | |
Document Type | DEF 14A |
Amendment Flag | false |
Entity Information [Line Items] | |
Entity Registrant Name | ADVANCED DRAINAGE SYSTEMS, INC. |
Entity Central Index Key | 0001604028 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 12 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2021 | |
Pay vs Performance Disclosure [Table] | |||
Pay vs Performance [Table Text Block] | Pay-Versus-Performance (PVP) The SEC has adopted a rule requiring annual disclosure of pay-versus-performance which shows the relationship between executive compensation actually paid and the Company’s performance. The following pay versus performance disclosure is based on upon permitted methodology, pursuant to the SEC guidance under Item 402(v) of Regulation S-K . Value of Initial Fixed $100 Investment Based On: Year Summary Compensation Table Total for PEO Compensation Actually Paid to PEO 1,3 Average Summary Compensation Table Total for Non-PEO NEOs Average Compensation Actually Paid to Non-PEO NEOs 3 Total Shareholder Return Peer Total Shareholder Return 2 Net Income ($mm) Adjusted EBITDA ($mm) 2023 $6,976,773 $(539,260) $1,820,679 $83,689 $290 $207 $507 $904 2022 $6,388,700 $16,344,430 $1,709,479 $3,865,384 $407 $192 $271 $676 2021 $6,078,864 $38,821,108 $1,713,851 $8,321,255 $353 $190 $224 $567 (1) Principal executive officer (PEO) is D Scott Barbour, who began serving as our president and chief executive officer in September 2017. (2) Peer Total Shareholder Return reflects S&P 400 Capital Goods index. (3) To calculate Compensation Actually Paid (CAP) for the PEO, the following adjustments were made to SCT total compensation, calculated in accordance with the SEC methodology for determining CAP for each year shown below: | ||
Named Executive Officers, Footnote [Text Block] | Following non-PEO named executive officers are included in the average figures shown: 2021: Scott Cottrill, Roy Moore, Ron Vitarelli, Robert Klein 2022: Scott Cottrill, Roy Moore, Darin Harvey, Kevin Talley 2023: Scott Cottrill, Roy Moore, Darin Harvey, Kevin Talley | ||
Adjustment To PEO Compensation, Footnote [Text Block] | (3) To calculate Compensation Actually Paid (CAP) for the PEO, the following adjustments were made to SCT total compensation, calculated in accordance with the SEC methodology for determining CAP for each year shown below: Fiscal Year 2023 Fiscal Year 2022 Fiscal Year 2021 Adjustments PEO Average Non-PEO NEOs PEO Average Non-PEO NEOs PEO Average Non-PEO NEOs Amounts reported the "Stock Awards" and "Option Awards" in Summary Compensation Table for applicable fiscal year $(4,200,837) $(805,648) $(3,789,942) $(607,681) $(3,386,598) $(604,539) Year End Fair Value of Current Year Unvested Equity Awards $3,511,133 $673,375 $4,297,095 $688,997 $9,409,538 $1,679,691 Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards $(4,401,548) $(756,891) $7,874,554 $1,837,437 $23,592,511 $5,273,729 Year over Year Change in Fair Value of Equity Awards Granted in Prior Year that Vested in the Year $(2,977,146) $(945,850) $910,792 $158,396 $3,062,098 $254,716 Average Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation $552,364 $98,807 $663,232 $78,755 $64,695 $3,807 Total Adjustments $(7,516,034) $(1,736,207) $9,955,731 $2,155,904 $32,742,244 $6,607,404 | ||
Non-PEO NEO Average Total Compensation Amount | $ 1,820,679 | $ 1,709,479 | $ 1,713,851 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 83,689 | 3,865,384 | 8,321,255 |
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | Relationship between CAP and TSR The charts below reflect the relationship between the PEO and Average Non-PEO NEOs CAP (per the SEC’s definition), ADS TSR and the Peer Group—the S&P 400 Capital Goods Index. | ||
Compensation Actually Paid vs. Net Income [Text Block] | Relationship between CAP and Net Income (GAAP)The charts below reflect the relationship between the PEO, Average Non-PEO NEOs CAP and ADS GAAP net income. | ||
Tabular List [Table Text Block] | Required Tabular Disclosure of Most Important Measures to Determine Fiscal Year 2023 CAP Listed below are the most important measures used to determine compensation actually paid in fiscal year 2023. Performance Measure Adjusted EBITDA Net Sales Return on Invested Capital (ROIC) Cash from Operations (CFO) Free Cash Flow (FCF) | ||
Total Shareholder Return Amount | $ 290 | 407 | 353 |
Peer Group Total Shareholder Return Amount | 207 | 192 | 190 |
Net Income (Loss) | $ 507,000,000 | $ 271,000,000 | $ 224,000,000 |
Company Selected Measure Amount | 904,000,000 | 676,000,000 | 567,000,000 |
PEO Name | D Scott Barbour | D Scott Barbour | D Scott Barbour |
Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Adjusted EBITDA | ||
Measure [Axis]: 2 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Net Sales | ||
Measure [Axis]: 3 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Return on Invested Capital (ROIC) | ||
Measure [Axis]: 4 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Free Cash Flow (FCF) | ||
Donald S. Barbour [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 6,976,773 | $ 6,388,700 | $ 6,078,864 |
PEO Actually Paid Compensation Amount | (539,260) | 16,344,430 | 38,821,108 |
PEO [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (7,516,034) | 9,955,731 | 32,742,244 |
PEO [Member] | Amounts reported the "Stock Awards" and "Option Awards" in Summary Compensation table for applicable fiscal year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (4,200,837) | (3,789,942) | (3,386,598) |
PEO [Member] | Year End Fair Value of Current Year Unvested Equity Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 3,511,133 | 4,297,095 | 9,409,538 |
PEO [Member] | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (4,401,548) | 7,874,554 | 23,592,511 |
PEO [Member] | Year over year Change in Fair Value of Equity Awards Granted in Prior Year that Vested in the Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,977,146) | 910,792 | 3,062,098 |
PEO [Member] | Average Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 552,364 | 663,232 | 64,695 |
Non-PEO NEO [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,736,207) | 2,155,904 | 6,607,404 |
Non-PEO NEO [Member] | Amounts reported the "Stock Awards" and "Option Awards" in Summary Compensation table for applicable fiscal year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (805,648) | (607,681) | (604,539) |
Non-PEO NEO [Member] | Year End Fair Value of Current Year Unvested Equity Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 673,375 | 688,997 | 1,679,691 |
Non-PEO NEO [Member] | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (756,891) | 1,837,437 | 5,273,729 |
Non-PEO NEO [Member] | Year over year Change in Fair Value of Equity Awards Granted in Prior Year that Vested in the Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (945,850) | 158,396 | 254,716 |
Non-PEO NEO [Member] | Average Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ 98,807 | $ 78,755 | $ 3,807 |