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SHARE-BASED PAYMENTS (Tables) | 12 Months Ended
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Mar. 31, 2018
Share-based Payment Arrangements [Abstract] |
Explanation of effect of share-based payments on entity's profit or loss | The effect of share-based payment arrangements in the consolidated income statement and in the consolidated statement of financial position are as follows as at, and for the years ended March 31:
|  | Compensation |  | Recognized in the consolidated |
|  |  | cost |  | statement of financial position |
| 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Cash-settled share-based compensation: |  |  |  |  |  |  |
ESPP | $ | 7.4 |  |  | $ | 6.8 |  |  | $ | — |  |  | $ | — |
DSU | 5.4 |  |  | 5.5 |  |  | (16.2 | ) |  | (14.1 | )
LTI-DSU | 4.8 |  |  | 7.2 |  |  | (27.1 | ) |  | (23.9 | )
LTI-TB RSU | 5.2 |  |  | 4.5 |  |  | (10.0 | ) |  | (8.1 | )
LTI-PSU | 27.6 |  |  | 23.5 |  |  | (40.7 | ) |  | (31.1 | )
Total cash-settled share-based compensation | $ | 50.4 |  |  | $ | 47.5 |  |  | $ | (94.0 | ) |  | $ | (77.2 | )
Equity-settled share-based compensation: |  |  |  |  |  |  |  |  |  |  |
ESOP | $ | 4.9 |  |  | $ | 3.7 |  |  | $ | (21.3 | ) |  | $ | (19.4 | )
Total equity-settled share-based compensation | $ | 4.9 |  |  | $ | 3.7 |  |  | $ | (21.3 | ) |  | $ | (19.4 | )
Total share-based compensation cost | $ | 55.3 |  |  | $ | 51.2 |  |  | $ | (115.3 | ) |  | $ | (96.6 | )
Disclosure of number and weighted average exercise prices of share options | Outstanding options are as follows:
|  |  | 2018 |  |  |  |  |  | 2017 |
|  | Weighted |  |  |  |  | Weighted |
| Number |  | average exercise |  |  | Number |  | average exercise |
| of options |  | price (CAD$) |  |  | of options |  | price (CAD$) |
Options outstanding, beginning of year | 5,541,625 |  |  | $ | 14.51 |  |  | 4,834,725 |  |  | $ | 13.30 |
Granted | 2,044,900 |  |  | 22.15 |  |  | 2,073,600 |  |  | 16.19 |
Exercised | (1,246,575 | ) |  | 12.58 |  |  | (1,029,725 | ) |  | 12.25 |
Forfeited | (184,425 | ) |  | 18.52 |  |  | (336,975 | ) |  | 14.50 |
Options outstanding, end of year | 6,155,525 |  |  | $ | 17.31 |  |  | 5,541,625 |  |  | $ | 14.51 |
Options exercisable, end of year | 1,744,125 |  |  | $ | 14.12 |  |  | 1,483,450 |  |  | $ | 12.57 |
Summarized information about the Company's ESOP as at March 31, 2018 is as follows:
|  |  | Options Outstanding |  |  |  | Options Exercisable |
Range of | Number of |  | Weighted | Weighted |  |  | Number of |  | Weighted |
exercise prices | options |  | average remaining | average exercise |  |  | options |  | average exercise |
(CAD$) | outstanding |  | contractual life (years) | price (CAD$) |  |  | exercisable |  | price (CAD$) |
$9.60 to $11.02 | 415,900 |  |  | 1.87 |  | $ | 10.76 |  |  | 415,900 |  |  | $ | 10.76 |
$12.65 to $14.66 | 813,625 |  |  | 3.06 |  | 14.60 |  |  | 529,525 |  |  | 14.58 |
$15.00 to $16.15 | 2,947,000 |  |  | 4.78 |  | 15.74 |  |  | 798,700 |  |  | 15.58 |
$20.86 to $22.26 | 1,979,000 |  |  | 6.20 |  | 22.15 |  |  | — |  |  | — |
Total | 6,155,525 |  |  | 4.81 |  | $ | 17.31 |  |  | 1,744,125 |  |  | $ | 14.12 |
Disclosure of range of exercise prices of outstanding share options | Summarized information about the Company's ESOP as at March 31, 2018 is as follows:
|  |  | Options Outstanding |  |  |  | Options Exercisable |
Range of | Number of |  | Weighted | Weighted |  |  | Number of |  | Weighted |
exercise prices | options |  | average remaining | average exercise |  |  | options |  | average exercise |
(CAD$) | outstanding |  | contractual life (years) | price (CAD$) |  |  | exercisable |  | price (CAD$) |
$9.60 to $11.02 | 415,900 |  |  | 1.87 |  | $ | 10.76 |  |  | 415,900 |  |  | $ | 10.76 |
$12.65 to $14.66 | 813,625 |  |  | 3.06 |  | 14.60 |  |  | 529,525 |  |  | 14.58 |
$15.00 to $16.15 | 2,947,000 |  |  | 4.78 |  | 15.74 |  |  | 798,700 |  |  | 15.58 |
$20.86 to $22.26 | 1,979,000 |  |  | 6.20 |  | 22.15 |  |  | — |  |  | — |
Total | 6,155,525 |  |  | 4.81 |  | $ | 17.31 |  |  | 1,744,125 |  |  | $ | 14.12 |
Disclosure of indirect measurement of fair value of goods or services received, other equity instruments granted during period | The assumptions used for the purpose of the option calculations outlined in this note are presented below:
| 2018 |  |  | 2017 |
Weighted average assumptions used in the Black-Scholes options pricing model: |  |  |
Weighted average share price | $ | 22.14 |  |  | $ | 16.43 |
Exercise price | $ | 22.15 |  |  | $ | 16.19 |
Dividend yield | 1.45 | % |  | 1.83 | %
Expected volatility | 18.39 | % |  | 19.65 | %
Risk-free interest rate | 0.86 | % |  | 0.75 | %
Expected option term | 4 years |  |  | 4 years |
Weighted average fair value option granted | $ | 2.75 |  |  | $ | 2.20 |
Disclosure of number and weighted average exercise prices of other equity instruments | Long-Term Incentive Time Based units outstanding under all plans are as follows:
|  |  | LTI-DSU |  |  |  |  | LTI-TB RSU |
| 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Units outstanding, beginning of year | 1,193,723 |  |  | 1,342,075 |  |  | 551,210 |  |  | 385,880 |
Units granted | — |  |  | — |  |  | 179,440 |  |  | 211,030 |
Units cancelled | (1,768 | ) |  | (13,246 | ) |  | (21,640 | ) |  | (42,090 | )
Units redeemed | (74,783 | ) |  | (156,072 | ) |  | (155,087 | ) |  | (3,610 | )
Dividends paid in units | 17,569 |  |  | 20,966 |  |  | — |  |  | — |
Units outstanding, end of year | 1,134,741 |  |  | 1,193,723 |  |  | 553,923 |  |  | 551,210 |
Units vested, end of year | 1,128,464 |  |  | 1,177,529 |  |  | 420,247 |  |  | 400,183 |
Long-Term Incentive Performance Based units outstanding under all plans are as follows:
|  |  | LTI-RSU |  |  |  |  | LTI-PSU |
| 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Units outstanding, beginning of year | — |  |  | 378,920 |  |  | 1,308,063 |  |  | 934,500 |
Units granted | — |  |  | 82,731 |  |  | 819,566 |  |  | 490,270 |
Units cancelled | — |  |  | (5,698 | ) |  | (50,376 | ) |  | (108,727 | )
Units redeemed | — |  |  | (455,953 | ) |  | (846,537 | ) |  | (7,980 | )
Units outstanding, end of year | — |  |  | — |  |  | 1,230,716 |  |  | 1,308,063 |
Units vested, end of year | — |  |  | — |  |  | 933,977 |  |  | 956,057 |
DSUs outstanding are as follows:
| 2018 |  |  | 2017 |
DSUs outstanding, beginning of year | 691,698 |  |  | 701,205 |
Units granted | 99,632 |  |  | 86,599 |
Units redeemed | (143,560 | ) |  | (107,524 | )
Dividends paid in units | 27,327 |  |  | 11,418 |
DSUs outstanding, end of year | 675,097 |  |  | 691,698 |
DSUs vested, end of the year | 675,097 |  |  | 691,698 |
Disclosure Of Annual TSR Relative Performance Index | The factor is calculated from the one-year Total Shareholder Return (TSR) relative performance of CAE’s share price versus that of the S&P A&D index for the period April 1 to March 31, immediately preceding each of the first, second, and third anniversary of the grant date, according to the following rule:
Annual TSR relative performance | Factor
First quartile (0 – 25 percentile) | —
Second quartile (26 – 50 percentile) | 50% – 98%
Third quartile (51 – 75 percentile) | 100% – 148%
Fourth quartile (76 – 100 percentile) | 150%

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