Stock-Based Compensation Expense (Tables)
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12 Months Ended |
Mar. 31, 2020 |
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| Share-based Payment Arrangement [Abstract] |
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| Schedule of shares outstanding |
A summary of stock option activity under our Stock Plans for fiscal 2020, fiscal 2019 and fiscal 2018 are as follows:
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Options Outstanding |
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Number of Shares |
|
Weighted Average Exercise Price |
Balance at March 31, 2017 |
|
411,939 |
|
|
$ |
8.94 |
|
|
Exercised |
|
(42,956 |
) |
|
7.00 |
|
|
Forfeited |
|
(1,412 |
) |
|
19.83 |
|
Balance at March 31, 2018 |
|
367,571 |
|
|
$ |
9.12 |
|
|
Exercised |
|
(37,906 |
) |
|
10.44 |
|
|
Forfeited |
|
(279 |
) |
|
21.52 |
|
Balance at March 31, 2019 |
|
329,386 |
|
|
$ |
8.96 |
|
|
Exercised |
|
(185,792 |
) |
|
6.24 |
|
|
Forfeited |
|
(4,109 |
) |
|
21.40 |
|
Balance at March 31, 2020 |
|
139,485 |
|
|
$ |
12.30 |
|
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| Schedule of nonvested share activity |
For fiscal 2020, fiscal 2019 and fiscal 2018 the intrinsic value of stock option exercises was $3,240, $555, and $648, respectively. During fiscal 2020, 26,730 of options exercised will be transacted in the first quarter of fiscal year ending March 31, 2021.
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Unvested Options |
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Number of Shares |
|
Weighted Average Grant Date Fair Value |
Balance at March 31, 2017 |
|
$ |
37,829 |
|
|
$ |
8.86 |
|
|
Vested |
|
(17,417 |
) |
|
6.93 |
|
|
Forfeited |
|
(1,412 |
) |
|
19.83 |
|
Balance at March 31, 2018 |
|
$ |
19,000 |
|
|
$ |
5.89 |
|
|
Vested |
|
(9,500 |
) |
|
5.89 |
|
Balance at March 31, 2019 |
|
$ |
9,500 |
|
|
$ |
5.89 |
|
|
Vested |
|
(9,500 |
) |
|
5.89 |
|
Balance at March 31, 2020 |
|
$ |
— |
|
|
$ |
— |
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| Schedule of shares oustanding, vested and exercisable |
The following table summarizes information about stock options outstanding as of March 31, 2020:
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Options Outstanding |
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Options Vested and Exercisable |
Exercise Price |
|
Number Outstanding |
|
Weighted Average Contractual Life (Years) |
|
Weighted Average Exercise Price |
|
Aggregate Intrinsic Value at March 31, 2020 |
|
Number Vested and Exercisable |
|
Weighted Average Contractual Life (Years) |
|
Weighted Average Exercise Price |
|
Aggregate Intrinsic Value at March 31, 2020 |
$5.20 |
|
53,825 |
|
|
0.55 |
|
$ |
5.20 |
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|
$ |
531,253 |
|
|
53,825 |
|
|
0.55 |
|
$ |
5.20 |
|
|
$ |
531,253 |
|
$9.82 |
|
6,177 |
|
|
0.91 |
|
9.82 |
|
|
32,429 |
|
|
6,177 |
|
|
0.91 |
|
9.82 |
|
|
32,429 |
|
$12.00 |
|
29,560 |
|
|
1.09 |
|
12.00 |
|
|
90,499 |
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|
29,560 |
|
|
1.09 |
|
12.00 |
|
|
90,499 |
|
$19.64 |
|
28,499 |
|
|
6.76 |
|
19.64 |
|
|
(130,240 |
) |
|
28,499 |
|
|
6.76 |
|
19.64 |
|
|
(130,240 |
) |
$21.52 |
|
21,424 |
|
|
2.34 |
|
21.52 |
|
|
(138,185 |
) |
|
21,424 |
|
|
2.34 |
|
21.52 |
|
|
(138,185 |
) |
$5.20-$21.52 |
|
139,485 |
|
|
2.22 |
|
$ |
12.30 |
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|
$ |
385,756 |
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|
139,485 |
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|
2.22 |
|
$ |
12.30 |
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|
$ |
385,756 |
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|
| Schedule restricted stock activity |
The following table summarizes the activity with regard to unvested restricted stock units issued to employees during fiscal 2020, fiscal 2019, and fiscal 2018.
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Restricted Stock Units |
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Number of Shares |
|
Weighted Average Grant Fair Value |
Balance of unvested units at March 31, 2017 |
|
208,146 |
|
|
$ |
20.64 |
|
|
Granted |
|
119,302 |
|
|
19.16 |
|
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Released |
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(88,084 |
) |
|
21.51 |
|
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Forfeited |
|
(10,252 |
) |
|
20.05 |
|
Balance of unvested units at March 31, 2018 |
|
229,112 |
|
|
$ |
19.55 |
|
|
Granted |
|
115,378 |
|
|
23.44 |
|
|
Released |
|
(101,874 |
) |
|
19.93 |
|
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Forfeited |
|
(5,591 |
) |
|
19.98 |
|
Balance of unvested units at March 31, 2019 |
|
237,025 |
|
|
$ |
21.26 |
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Granted |
|
122,747 |
|
|
22.17 |
|
|
Released |
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(117,216 |
) |
|
20.39 |
|
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Forfeited |
|
(5,850 |
) |
|
21.81 |
|
Balance of unvested units at March 31, 2020 |
|
236,706 |
|
|
$ |
22.14 |
|
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| Disclosure of Share-based Compensation Arrangements by Share-based Payment Award |
The following table summarized the target number of performance stock units outstanding and the minimum and maximum number of shares that can be earned as of March 31, 2020.
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Fiscal Year Granted |
Target |
|
Minimum |
|
Maximum |
Fiscal 2018 |
73,684 |
|
— |
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|
147,368 |
Fiscal 2019 |
68,178 |
|
— |
|
|
131,050 |
Fiscal 2020 |
92,394 |
|
— |
|
|
184,788 |
|