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SHARE-BASED PAYMENTS (Tables)
 12 Months Ended
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%