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Share-based payments (Tables)
12 Months Ended
Mar. 31, 2018
Summary of Share-based Compensation Expense

Share-based compensation expense during the years ended March 31, 2018, 2017 and 2016 are as follows:

 

     Year ended March 31,  
     2018      2017      2016  

Share-based compensation expense recorded in

   $      $      $  

Cost of revenue

     3,770        2,765        1,923  

Selling and marketing expenses

     2,557        1,723        1,370  

General and administrative expenses

       24,238          18,548          14,626  
  

 

 

    

 

 

    

 

 

 

Total share-based compensation expense

   $ 30,565      $ 23,036      $ 17,919  
  

 

 

    

 

 

    

 

 

 

Movements in Number of Options Outstanding under 2006 Incentive Award Plan and Related Weighted Average Exercise Prices

Movements in the number of options outstanding under the 2006 Incentive Award Plan and their related weighted average exercise prices are as follow:

 

     Shares      Weighted
average
exercise
price
     Weighted
average
remaining
contract term
(in years)
     Aggregate
intrinsic
value
 

Outstanding as at March 31, 2016

     739,618      $ 23.34        0.54      $ 5,419  

Exercised

     (425,941      10.52        

Lapsed

     (196,498      13.44        
  

 

 

          

Outstanding as at March 31, 2017

     117,179      $ 27.25        0.10      $ 163  

Exercised

     (48,227      7.63        

Lapsed

     (68,952      7.87        
  

 

 

          

Outstanding as at March 31, 2018

     —          —          —          —    

Options exercisable

     —        $ —          —        $ —    

RSUs dependent on non-market performance condition [member]  
Movements in Number of Shares Outstanding under 2006 and 2016 Incentive Award Plan and Related Weighted Average Fair Values
(i) Movements in the number of RSUs dependent on non-market performance condition outstanding under the 2006 Incentive Award Plan and the 2016 Incentive Award Plan and their related weighted average fair values are as follow:

 

     Shares      Weighted
average
fair value
     Weighted
average
remaining
contract term
(in years)
     Aggregate
intrinsic
value
 

Outstanding as at March 31, 2016

     1,448,312      $ 19.25        7.78      $ 44,376  

Granted

     516,264        30.26        

Exercised

     (343,623      20.18        

Forfeited

     (47,707      25.50        

Lapsed

     —          —          
  

 

 

          

Outstanding as at March 31, 2017

     1,573,246      $ 22.47        7.50      $ 45,011  

Granted

     497,689        30.85        

Exercised

     (961,111      21.45        

Forfeited

     (34,775      29.07        

Lapsed

     (2,216      23.47        
  

 

 

          

Outstanding as at March 31, 2018

     1,072,833      $ 27.05        7.75      $ 48,632  

RSUs exercisable

     309,312      $ 20.90        5.94      $ 14,021  

 

 

RSUs dependent on market performance condition [member]  
Movements in Number of Shares Outstanding under 2006 and 2016 Incentive Award Plan and Related Weighted Average Fair Values

Movements in the number of RSUs dependent on market performance condition outstanding under the 2006 Incentive Award Plan and the 2016 Incentive Award Plan and their related weighted average fair values are as follows:

 

     Shares      Weighted
average
fair value
     Weighted
average
remaining
contract term
(in years)
     Aggregate
intrinsic
value
 

Outstanding as at March 31, 2016

     129,590      $ 4.44        8.53      $ 3,971  

Granted

     74,400        12.56        

Exercised

     —          —          

Forfeited

     —          —          

Lapsed

     —          —          
  

 

 

          

Outstanding as at March 31, 2017

     203,990      $ 13.21        8.10      $ 5,836  

Granted

     —             

Exercised

     —             

Forfeited

     —             

Lapsed

     —             
  

 

 

          

Outstanding as at March 31, 2018

     203,990        13.21        7.10      $ 9,247  

RSUs exercisable

     —        $ —          —        $ —    

RSUs related total shareholders return [member]  
Movements in Number of Shares Outstanding under 2006 and 2016 Incentive Award Plan and Related Weighted Average Fair Values

Movements in the number of RSUs linked to the TSR condition outstanding under the 2016 Incentive Award Plan and their related weighted average fair values are as follows:

 

     Shares      Weighted
average
fair value
     Weighted
average
remaining
contract term
(in years)
     Aggregate
intrinsic
value
 

Outstanding as at March 31, 2017

     —        $ —          —        $ —    

Granted

     248,655        36.52        

Exercised

     —             

Forfeited

     —             

Lapsed

     —             
  

 

 

          

Outstanding as at March 31, 2018

     248,655        36.52        9.08        11,272  

RSUs exercisable

     —        $ —          —        $ —    

PSUs [member]  
Movements in Number of Shares Outstanding under 2006 and 2016 Incentive Award Plan and Related Weighted Average Fair Values

Movements in the number of PSUs outstanding under the 2006 Incentive Award Plan and the 2016 Incentive Award Plan and their related weighted average fair values are as follow:

 

     Shares      Weighted
average
fair value
     Weighted
average
remaining
contract term
(in years)
     Aggregate
intrinsic
value
 

Outstanding as at March 31, 2016

     951,588      $ 17.83        7.77      $ 29,157  

Granted

     422,062        31.12        

Exercised

     (141,741      14.11        

Forfeited

     (47,057      26.27        
  

 

 

          

Outstanding as at March 31, 2017

     1,184,852      $ 21.00        7.36      $ 33,899  

Granted

     400,463        30.35        

Exercised

     (506,660      16.79        

Forfeited

     (18,681      29.38        
  

 

 

          

Outstanding as at March 31, 2018

     1,059,975        26.36        7.51        48,048  

PSUs exercisable

     194,629      $ 18.14        5.86      $ 8,823