|
Stock-Based Compensation Expense (Tables)
|
12 Months Ended |
|
Mar. 31, 2013
|
| Stock Option Rollforward [Abstract] |
|
| Schedule of shares outstanding |
A summary of activity under our Stock Plans for fiscal 2013, fiscal 2012 and for the period from May 1, 2010 to March 31, 2011 is as follows (no options were issued or outstanding in fiscal 2010 or for the period from April 1 to April 30, 2010, see Note 13, "Members' Equity (Predecessor)"):
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|
Options Outstanding |
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|
|
Number of Shares |
|
Weighted Average Exercise Price |
Balance at March 31, 2010 |
|
— |
|
|
$ |
— |
|
|
Granted |
|
— |
|
|
— |
|
|
Exercised |
|
— |
|
|
— |
|
|
Forfeited |
|
— |
|
|
— |
|
Balance at April 30, 2010 |
|
— |
|
|
$ |
— |
|
|
Granted |
|
2,757,524 |
|
|
5.38 |
|
|
Exercised |
|
— |
|
|
— |
|
|
Forfeited |
|
— |
|
|
— |
|
Balance at March 31, 2011 |
|
2,757,524 |
|
|
$ |
5.38 |
|
|
Granted |
|
117,600 |
|
|
12.00 |
|
|
Exercised |
|
(683,443 |
) |
|
5.38 |
|
|
Forfeited |
|
(12,056 |
) |
|
6.46 |
|
Balance at March 31, 2012 |
|
2,179,625 |
|
|
$ |
5.74 |
|
|
Granted |
|
56,532 |
|
|
21.52 |
|
|
Exercised |
|
(1,086,486 |
) |
|
5.31 |
|
|
Forfeited |
|
(16,891 |
) |
|
7.98 |
|
Balance at March 31, 2013 |
|
1,132,780 |
|
|
$ |
6.98 |
|
|
| Schedule of nonvested share activity |
For fiscal 2013 and fiscal 2012, the intrinsic value of stock option exercises was $18,387, and $8,860 respectively.
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Unvested Options |
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|
|
Number of Shares |
|
Weighted Average Grant Date Fair Value |
Balance at March 31, 2010 |
|
— |
|
|
— |
|
|
Granted |
|
— |
|
|
— |
|
|
Vested |
|
— |
|
|
— |
|
|
Forfeited |
|
— |
|
|
— |
|
Balance at April 30, 2010 |
|
— |
|
|
— |
|
|
Granted |
|
2,757,524 |
|
|
2.97 |
|
|
Vested |
|
— |
|
|
— |
|
|
Forfeited |
|
— |
|
|
— |
|
Balance at March 31, 2011 |
|
2,757,524 |
|
|
2.97 |
|
|
Granted |
|
117,600 |
|
|
5.99 |
|
|
Vested |
|
(2,757,524 |
) |
|
2.97 |
|
|
Forfeited |
|
— |
|
|
— |
|
Balance at March 31, 2012 |
|
117,600 |
|
|
5.99 |
|
|
Granted |
|
56,532 |
|
|
12.26 |
|
|
Vested |
|
(23,520 |
) |
|
5.99 |
|
|
Forfeited |
|
(4,386 |
) |
|
8.32 |
|
Balance at March 31, 2013 |
|
146,226 |
|
|
8.34 |
|
|
| Schedule of shares oustanding, vested and exercisable |
The following table summarizes information about stock options outstanding as of March 31, 2013:
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|
Options Outstanding |
|
Options Vested and Exercisable |
Exercise Prices |
|
Number Outstanding |
|
Weighted Average Contractual Life (Years) |
|
Weighted Average Exercise Price |
|
Aggregate Intrinsic Value at March 31, 2013 |
|
Number Vested and Exercisable |
|
Weighted Average Contractual Life (Years) |
|
Weighted Average Exercise Price |
|
Aggregate Intrinsic Value at March 31, 2013 |
$5.20 |
|
883,904 |
|
|
7.55 |
|
$ |
5.20 |
|
|
$ |
15,035,207 |
|
|
883,904 |
|
|
|
|
$ |
5.20 |
|
|
|
$9.82 |
|
89,740 |
|
|
7.91 |
|
$ |
9.82 |
|
|
1,111,879 |
|
|
89,740 |
|
|
|
|
$ |
9.82 |
|
|
|
$12.00 |
|
104,230 |
|
|
8.12 |
|
$ |
12.00 |
|
|
1,064,188 |
|
|
10,150 |
|
|
|
|
$ |
12.00 |
|
|
|
$21.52 |
|
54,906 |
|
|
9.34 |
|
$ |
21.52 |
|
|
37,885 |
|
|
— |
|
|
|
|
|
|
|
$5.20-$21.52 |
|
1,132,780 |
|
|
7.71 |
|
$ |
6.98 |
|
|
$ |
17,249,159 |
|
|
983,794 |
|
|
7.66 |
|
$ |
5.71 |
|
|
$ |
16,250,718 |
|
|
| Schedule of valuation assumptions used |
No options were granted in the period from April 1, 2010 to April 30, 2010.
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Year Ended March 31, 2013 |
|
Year Ended March 31, 2012 |
|
Period from May 1, 2010 to March 31, 2011 |
|
Expected life |
|
6.5 |
|
|
6.66 |
|
|
6.66 |
|
|
Expected volatility |
|
59.9 |
% |
|
45.0 |
% |
|
45.0 |
% |
|
Risk free interest rate |
|
0.98 |
% |
|
3.25 |
% |
|
2.02 |
% |
|
Dividend expense yield |
|
— |
|
|
— |
|
|
— |
|
|
| Schedule restricted stock activity |
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|
Restricted Stock Units |
|
Number of Shares |
|
Weighted Average Grant Fair Value |
Balance at March 31, 2011 |
|
— |
|
|
— |
|
|
Granted |
|
— |
|
|
— |
|
|
Exercised |
|
— |
|
|
— |
|
|
Forfeited |
|
— |
|
|
— |
|
Balance of unvested units at March 31, 2012 |
|
— |
|
|
— |
|
|
Granted |
|
71,923 |
|
|
21.52 |
|
|
Exercised |
|
— |
|
|
— |
|
|
Forfeited |
|
(814 |
) |
|
— |
|
Balance of unvested units at March 31, 2013 |
|
71,109 |
|
|
21.52 |
|
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|
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|
Restricted Stock Awards |
|
Number of Shares |
|
Weighted Average Grant Price |
Balance at March 31, 2011 |
|
— |
|
|
$ |
— |
|
|
Granted |
|
16,136 |
|
|
12.42 |
|
|
Exercised |
|
— |
|
|
— |
|
|
Forfeited |
|
— |
|
|
— |
|
Balance of unvested awards at March 31, 2012 |
|
16,136 |
|
|
12.42 |
|
|
Granted |
|
13,012 |
|
|
21.52 |
|
|
Exercised |
|
(8,068 |
) |
|
12.42 |
|
|
Forfeited |
|
— |
|
|
— |
|
Balance of unvested awards at March 31, 2013 |
|
21,080 |
|
|
$ |
18.09 |
|
|