Stock-Based Compensation Expense (Tables)
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12 Months Ended |
Mar. 31, 2018 |
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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| Schedule of shares outstanding |
A summary of stock option activity under our Stock Plans for fiscal 2018, fiscal 2017 and fiscal 2016 are as follows:
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Options Outstanding |
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Number of Shares |
|
Weighted Average Exercise Price |
Balance at March 31, 2015 |
|
465,042 |
|
|
$ |
8.12 |
|
|
Exercised |
|
(29,056 |
) |
|
8.25 |
|
|
Forfeited |
|
(2,260 |
) |
|
17.10 |
|
Balance at March 31, 2016 |
|
433,726 |
|
|
$ |
8.07 |
|
|
Granted |
|
28,499 |
|
|
19.64 |
|
|
Exercised |
|
(47,484 |
) |
|
6.77 |
|
|
Forfeited |
|
(2,802 |
) |
|
19.58 |
|
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 |
|
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| Schedule of nonvested share activity |
For fiscal 2018, fiscal 2017 and fiscal 2016 the intrinsic value of stock option exercises was $648, $627, and $384, respectively.
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Unvested Options |
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Number of Shares |
|
Weighted Average Grant Date Fair Value |
Balance at March 31, 2015 |
|
$ |
73,449 |
|
|
$ |
7.19 |
|
|
Vested |
|
(30,379 |
) |
|
6.93 |
|
|
Forfeited |
|
(2,260 |
) |
|
7.53 |
|
Balance at March 31, 2016 |
|
$ |
40,810 |
|
|
$ |
7.39 |
|
|
Granted |
|
28,499 |
|
|
19.64 |
|
|
Vested |
|
(28,678 |
) |
|
6.93 |
|
|
Forfeited |
|
(2,802 |
) |
|
7.53 |
|
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 |
|
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| Schedule of shares oustanding, vested and exercisable |
The following table summarizes information about stock options outstanding as of March 31, 2018:
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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 |
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Aggregate Intrinsic Value at March 31, 2018 |
|
Number Vested and Exercisable |
|
Weighted Average Contractual Life (Years) |
|
Weighted Average Exercise Price |
|
Aggregate Intrinsic Value at March 31, 2017 |
$5.20 |
|
238,863 |
|
|
2.55 |
|
$ |
5.20 |
|
|
$ |
4,110,832 |
|
|
238,863 |
|
|
2.55 |
|
$ |
5.20 |
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|
$ |
4,110,832 |
|
$9.82 |
|
13,339 |
|
|
2.91 |
|
9.82 |
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|
167,938 |
|
|
13,339 |
|
|
2.91 |
|
9.82 |
|
|
167,938 |
|
$12.00 |
|
47,250 |
|
|
3.09 |
|
12.00 |
|
|
491,248 |
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|
47,250 |
|
|
3.09 |
|
12.00 |
|
|
491,248 |
|
$19.64 |
|
28,499 |
|
|
8.76 |
|
19.64 |
|
|
78,942 |
|
|
9,499 |
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|
8.76 |
|
19.64 |
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|
26,312 |
|
$21.52 |
|
39,620 |
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|
4.34 |
|
21.52 |
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|
35,532 |
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|
39,620 |
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|
4.34 |
|
21.52 |
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|
35,532 |
|
$5.20-$21.52 |
|
367,571 |
|
|
3.31 |
|
$ |
9.12 |
|
|
$ |
4,884,492 |
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|
348,571 |
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|
3.31 |
|
$ |
8.55 |
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$ |
4,831,862 |
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| Schedule restricted stock activity |
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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, 2015 |
|
198,822 |
|
|
$ |
22.38 |
|
|
Granted |
|
98,009 |
|
|
24.08 |
|
|
Released |
|
(69,704 |
) |
|
21.97 |
|
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Forfeited |
|
(34,906 |
) |
|
22.53 |
|
Balance of unvested units at March 31, 2016 |
|
192,221 |
|
|
$ |
23.36 |
|
|
Granted |
|
135,855 |
|
|
18.65 |
|
|
Released |
|
(111,611 |
) |
|
22.74 |
|
|
Forfeited |
|
(8,319 |
) |
|
21.25 |
|
Balance of unvested units at March 31, 2017 |
|
208,146 |
|
|
$ |
20.64 |
|
|
Granted |
|
119,302 |
|
|
19.16 |
|
|
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 |
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|
$ |
19.55 |
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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, 2018.
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Fiscal Year Granted |
Target |
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Minimum |
|
Maximum |
Fiscal 2017 |
47,486 |
|
— |
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|
94,972 |
Fiscal 2018 |
73,684 |
|
|
— |
|
|
147,368 |
|
The following table summarizes the number of awards earned and released during each fiscal year based on the results achieved for respective performance period:
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Fiscal Year Earned |
Number of Shares Earned |
|
Number of Shares Withheld for Tax Obligation |
|
Number of Shares Released |
Fiscal 2016 |
31,658 |
|
8,669 |
|
22,989 |
Fiscal 2017 |
— |
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|
— |
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|
— |
|
Fiscal 2018 |
— |
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|
— |
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|
— |
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