Stock-Based Compensation Expense (Tables)
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12 Months Ended |
Mar. 31, 2019 |
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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 2019, fiscal 2018 and fiscal 2017 are as follows:
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Options Outstanding |
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Number of Shares |
|
Weighted Average Exercise Price |
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 |
|
|
Exercised |
|
(37,906 |
) |
|
10.44 |
|
|
Forfeited |
|
(279 |
) |
|
21.52 |
|
Balance at March 31, 2019 |
|
329,386 |
|
|
$ |
8.96 |
|
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| Schedule of nonvested share activity |
For fiscal 2019, fiscal 2018 and fiscal 2017 the intrinsic value of stock option exercises was $555, $648, and $627, respectively.
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Unvested Options |
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Number of Shares |
|
Weighted Average Grant Date Fair Value |
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 |
|
|
Vested |
|
(9,500 |
) |
|
5.89 |
|
Balance at March 31, 2019 |
|
$ |
9,500 |
|
|
$ |
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, 2019:
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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, 2019 |
|
Number Vested and Exercisable |
|
Weighted Average Contractual Life (Years) |
|
Weighted Average Exercise Price |
|
Aggregate Intrinsic Value at March 31, 2019 |
$5.20 |
|
216,952 |
|
|
1.55 |
|
$ |
5.20 |
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|
$ |
4,189,343 |
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|
216,952 |
|
|
1.55 |
|
$ |
5.20 |
|
|
$ |
4,189,343 |
|
$9.82 |
|
13,339 |
|
|
1.91 |
|
9.82 |
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|
195,950 |
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|
13,339 |
|
|
1.91 |
|
9.82 |
|
|
195,950 |
|
$12.00 |
|
40,690 |
|
|
2.09 |
|
12.00 |
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|
508,407 |
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|
40,690 |
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|
2.09 |
|
12.00 |
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|
508,407 |
|
$19.64 |
|
28,499 |
|
|
7.76 |
|
19.64 |
|
|
138,790 |
|
|
18,999 |
|
|
7.76 |
|
19.64 |
|
|
92,525 |
|
$21.52 |
|
29,906 |
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|
3.34 |
|
21.52 |
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|
89,689 |
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|
29,906 |
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|
3.34 |
|
21.52 |
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|
89,689 |
|
$5.20-$21.52 |
|
329,386 |
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|
2.33 |
|
$ |
8.96 |
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|
$ |
5,122,179 |
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|
319,886 |
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|
2.17 |
|
$ |
8.64 |
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$ |
5,075,914 |
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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 2019, fiscal 2018, and fiscal 2017.
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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, 2016 |
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192,221 |
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|
$ |
23.36 |
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Granted |
|
135,855 |
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|
18.65 |
|
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Released |
|
(111,611 |
) |
|
22.74 |
|
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Forfeited |
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(8,319 |
) |
|
21.25 |
|
Balance of unvested units at March 31, 2017 |
|
208,146 |
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|
$ |
20.64 |
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Granted |
|
119,302 |
|
|
19.16 |
|
|
Released |
|
(88,084 |
) |
|
21.51 |
|
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Forfeited |
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(10,252 |
) |
|
20.05 |
|
Balance of unvested units at March 31, 2018 |
|
229,112 |
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|
$ |
19.55 |
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Granted |
|
115,378 |
|
|
23.44 |
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Released |
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(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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| 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, 2019.
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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 |
|
— |
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|
147,368 |
Fiscal 2019 |
68,178 |
|
— |
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|
131,050 |
|