XML 57 R26.htm IDEA: XBRL DOCUMENT
v2.4.0.6

EMPLOYEE STOCK BASED COMPENSATION PLANS (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2013
EMPLOYEE STOCK BASED COMPENSATION PLANS [Abstract] |
Summary of assumptions used in the valuation of option grants | The following table summarizes the 2009 Plan and the 1999 Plan price per option at grant date using the Black-Scholes pricing model:
|  |  |  |  | Black-Scholes Pricing Model Assumptions |  |  |  |
Date of Issuance |  | Weighted Average Fair Value |  |  | Expected Dividend Yield |  |  | Risk- Free Interest Rate |  |  | Expected Volatility |  |  | Expected Life (in years) |
2009 Plan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
July 18, 2011 |  | $ | 33.07 |  |  |  | 0.83 | % |  |  | 1.45 | % |  |  | 40.0 | % |  |  | 5 |
July 19, 2010 |  | $ | 28.58 |  |  |  | 0.91 | % |  |  | 1.73 | % |  |  | 37.5 | % |  |  | 5 |
March 22, 2010 |  | $ | 32.56 |  |  |  | 0.84 | % |  |  | 2.43 | % |  |  | 37.8 | % |  |  | 5 |
October 19, 2009 |  | $ | 25.36 |  |  |  | 1.04 | % |  |  | 2.36 | % |  |  | 37.6 | % |  |  | 5 |
1999 Plan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
July 30, 2008 |  | $ | 29.93 |  |  |  | 0.62 | % |  |  | 3.36 | % |  |  | 20.2 | % |  |  | 5 |
July 21, 2008 |  | $ | 27.35 |  |  |  | 0.67 | % |  |  | 3.41 | % |  |  | 20.2 | % |  |  | 5 |
July 16, 2007 |  | $ | 41.78 |  |  |  | 0.39 | % |  |  | 4.95 | % |  |  | 19.9 | % |  |  | 5 |
July 17, 2006 |  | $ | 33.05 |  |  |  | 0.61 | % |  |  | 5.04 | % |  |  | 21.2 | % |  |  | 7 |
May 15, 2006 |  | $ | 31.28 |  |  |  | 0.64 | % |  |  | 5.08 | % |  |  | 21.1 | % |  |  | 7 |
Summary of option activity | The following table summarizes activity in the 2009 Plan and the 1999 Plan as of March 31, 2013:
|  | Number of Shares |  |  | Weighted Average Exercise Price |
2009 Plan |  |  |  |  |  |
Balance at March 31, 2011 |  |  | 73,750 |  |  | $ | 84.24 |
Granted |  |  | 10,000 |  |  |  | 96.92 |
Exercised |  |  | – |  |  |  | – |
Canceled/Forfeited |  |  | – |  |  |  | – |
Balance at March 31, 2012 |  |  | 83,750 |  |  | $ | 85.75 |
Granted |  |  | – |  |  |  | – |
Exercised |  |  | (27,023 | ) |  |  | 79.82 |
Forfeited |  |  | (14,000 | ) |  |  | 85.78 |
Balance at March 31, 2013 |  |  | 42,727 |  |  | $ | 89.49 |
1999 Plan |  |  |  |  |  |  |  |
Balance at March 31, 2011 |  |  | 96,500 |  |  | $ | 114.78 |
Granted |  |  | – |  |  |  | – |
Exercised |  |  | (1,500 | ) |  |  | 65.70 |
Forfeited |  |  | – |  |  |  | – |
Balance at March 31, 2012 |  |  | 95,000 |  |  | $ | 113.63 |
Granted |  |  | – |  |  |  | – |
Exercised |  |  | (19,105 | ) |  |  | 95.33 |
Forfeited |  |  | (14,395 | ) |  |  | 111.14 |
Balance at March 31, 2013 |  |  | 61,500 |  |  | $ | 132.00 |
Combined Balance at March 31, 2013 |  |  | 104,227 |  |  | $ | 114.58 |
March 31, 2013 | Weighted Average Aggregate Intrinsic Remaining Contractual Term |  | Value |
Outstanding | 1.2 years |  | $ | 3,310,129 |
Exercisable | 0.7 years |  | $ | 2,169,482 |
Restricted stock available for issuance | Pursuant to the Capital Southwest Corporation 2010 Restricted Stock Award Plan, our Board of Directors reserved for issuance 47,000 shares of restricted stock to certain key employees. A restricted stock award is an award of shares of our common stock (which have full voting and dividend rights but are restricted with regard to sale or transfer), the restrictions on which lapse ratably over a specified period of time (generally five years). Restricted stock awards are independent of stock option grants and are subject to forfeit if employment terminates prior to these restrictions lapsing. These shares vest over a five-year period from the grant date and are expensed over the five-year service period starting on the grant date. On January 16, 2012, the Board of Directors granted 9,650 shares of restricted stock to key employees of the Company. On January 22, 2013, the Board of Directors granted 2,000 shares of restricted stock to officers of the Company. During the twelve months ended March 31, 2013, 3,000 shares of restricted stock were forfeited and 1,330 shares were fully vested. The following table summarizes the restricted stock available for issuance as of March 31, 2013:
Restricted stock available for issuance as of March 31, 2012 |  |  | 37,350 |
Restricted stock granted during the year |  |  | (2,000 | )
Restricted stock forfeited during the year |  |  | 3,000 |
Restricted stock available for issuance as of March 31, 2013 |  |  | 38,350 |
Restricted stock awards activity | The following table represents a summary of the activity for our restricted stock awards for the fiscal year ended March 31, 2013:
Restricted Stock Awards |  | Number of Shares |  |  | Weighted Average Fair Value Per Share |  |  | Weighted Average Remaining Vesting Term (in Years) |
Unvested at March 31, 2012 |  |  | 9,650 |  |  | $ | 83.60 |  |  |  | 3.8 |
Granted |  |  | 2,000 |  |  |  | 104.34 |  |  |  | 4.8 |
Vested |  |  | (1,330 | ) |  |  | 83.60 |  |  |  | − |
Forfeited |  |  | (3,000 | ) |  |  | 83.60 |  |  |  | − |
Unvested at March 31, 2013 |  |  | 7,320 |  |  | $ | 89.27 |  |  |  | 4.1 |
Phantom stock awards activity | The following table represents a summary of the activity for our phantom stock plan for the fiscal year ended March 31, 2013:
Phantom Stock Awards |  | Number of Shares |  |  | Exercise Price Per Share |  |  | Weighted Average Remaining Vesting Term (in Years) |
Unvested at March 31, 2012 |  |  | 26,000 |  |  | $ | 146.95 |  |  |  | 3.8 |
Granted |  |  | 4,050 |  |  | $ | 158.65 |  |  |  | 4.8 |
Vested |  |  | − |  |  |  | − |  |  |  | − |
Forfeited or expired |  |  | (7,500 | ) |  | $ | 146.95 |  |  |  | − |
Unvested at March 31, 2013 |  |  | 22,550 |  |  | $ | 149.05 |  |  |  | 4.0 |

X
- Definition Tabular disclosure of the change in phantom stock awards. + References No definition available. + Details
Name: | cswc_ScheduleOfUnvestedPhantomStockAwardsRollForwardTableTextBlock
Namespace Prefix: | cswc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in stock options. + References No definition available. + Details
Name: | us-gaap_ScheduleOfStockOptionsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in restricted stock units (RSUs). + References No definition available. + Details
Name: | us-gaap_ScheduleOfUnvestedRestrictedStockUnitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration