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Description of Stock Plans (Tables) | 12 Months Ended
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Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Summary of Options Granted | The following table summarizes stock option activity for the Stock Plans during the years ended March 31, 2018 and 2017:
|  | Number of Shares |  | Weighted Average Exercise Price (per share) |  | Weighted Average Remaining Contractual Life (in years) |  | Aggregate Intrinsic Value (in thousands)
Options Outstanding, March 31, 2016 |  | 7,824,395 |  |  | 3.61 |  |  | 8.24 |  | 110 |
Granted |  | 4,271,523 |  |  | 0.82 |  |  |  |  |
Forfeited / Canceled |  | (2,378,523 | ) |  | 2.90 |  |  |  |  |
Exercised |  | 18,383 |  |  | 0.64 |  |  |  |  |
Options Outstanding, March 31, 2017 |  | 9,735,778 |  |  | 2.56 |  |  | 7.95 |  | 801 |
Granted |  | 1,963,378 |  |  | 1.53 |  |  |  |  |
Forfeited / Canceled |  | (1,698,906 | ) |  | 4.40 |  |  |  |  |
Exercised |  | (258,281 | ) |  | 1.04 |  |  |  |  |
Options Outstanding, March 31, 2018 |  | 9,741,969 |  |  | 2.08 |  |  | 7.82 |  | 6,286 |
Vested and expected to vest (net of estimated forfeitures) at March 31, 2018 (a) |  | 8,031,223 |  |  | 2.28 |  |  | 7.59 |  | 4,740 |
Exercisable, March 31, 2018 |  | 4,729,348 |  |  | 3.05 |  |  | 6.81 |  | 1,800 |
(a)For options vested and expected to vest, options exercisable, and options outstanding, the aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between Digital Turbine's closing stock price on March 31, 2018 and the exercise price multiplied by the number of in-the-money options) that would have been received by the option holders had the holders exercised their options on March 31, 2018. The intrinsic value changes based on changes in the price of Digital Turbine's common stock.
Exercise Price for Options Outstanding and Options Exercisable | Information about options outstanding and exercisable at March 31, 2018 is as follows:
|  | Options Outstanding |  | Options Exercisable
|  | Number of Shares |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Life (Years) |  | Number of Shares |  | Weighted-Average Exercise Price
$0.00 - 0.50 |  | 6,204 |  |  | $ | 0.24 |  |  | 1.99 |  | 7,652 |  |  | $ | 0.24 |
$0.51 - 1.00 |  | 3,142,319 |  |  | 0.73 |  |  | 8.61 |  | 593,935 |  |  | 0.72 |
$1.01 - 1.50 |  | 2,782,291 |  |  | 1.27 |  |  | 8.26 |  | 1,317,935 |  |  | 1.30 |
$1.51 - 2.00 |  | 444,333 |  |  | 1.55 |  |  | 8.70 |  | 177,618 |  |  | 1.52 |
$2.01 - 2.50 |  | 716,822 |  |  | 2.22 |  |  | 9.55 |  | 93,456 |  |  | 2.42 |
$2.51 - 3.00 |  | 853,200 |  |  | 2.61 |  |  | 6.34 |  | 787,451 |  |  | 2.62 |
$3.51 - 4.00 |  | 765,300 |  |  | 3.96 |  |  | 6.53 |  | 765,300 |  |  | 3.96 |
$4.01 - 4.50 |  | 661,500 |  |  | 4.15 |  |  | 6.59 |  | 622,251 |  |  | 4.15 |
$4.51 - 5.00 |  | 60,000 |  |  | 4.65 |  |  | 4.99 |  | 60,000 |  |  | 4.65 |
$5.01 and over |  | 310,000 |  |  | $ | 12.48 |  |  | 1.22 |  | 303,750 |  |  | $ | 12.62 |
|  | 9,741,969 |  |  |  |  |  |  | 4,729,348 |  |  |
Schedule of Intrinsic Value of stock option | Other information pertaining to stock options for the Stock Plans is as follows:
|  | Year Ended March 31,
|  | 2018 |  | 2017 |  | 2016
Total fair value of options vested |  | $ | 3,335 |  |  | $ | 3,519 |  |  | $ | 5,288 |
Total intrinsic value of options exercised (a) |  | $ | 202 |  |  | $ | 10 |  |  | $ | 3 |
(a) | The total intrinsic value of options exercised represents the total pre-tax intrinsic value (the difference between the stock price at exercise and the exercise price multiplied by the number of options exercised) that was received by the option holders who exercised their options during the fiscal year.
Fair Value of Options Granted Using the Black-Scholes Option-Pricing Model | The assumptions utilized in this model during fiscal 2018, 2017, and 2016 are presented below.
|  | Year Ended March 31,
|  | 2018 |  | 2017 |  | 2016
Risk-free interest rate |  | 1.77% to 2.73% |  | 1.34% to 2.38% |  | 1.37% to 2.27%
Expected life of the options |  | 5.65 to 9.84 years |  | 5.69 to 9.84 years |  | 5.73 to 10 years
Expected volatility |  | 66% to 73% |  | 73% to 130% |  | 78% to 145%
Expected dividend yield |  | —% |  | —% |  | —%
Expected forfeitures |  | 28-29% |  | 10% to 35% |  | 10% to 35%
Stock Compensation Expense | Total stock compensation expense for the Company’s equity plans, which includes both stock options, restricted stock, and warrants issued is included in the following statements of operations components. See Note 12 "Capital Stock Transactions" regarding restricted stock.
|  | Year Ended March 31,
|  | 2018 |  | 2017 |  | 2016
Product development |  | $ | — |  |  | $ | — |  |  | $ | — |
Sales and marketing |  | — |  |  | — |  |  | — |
General and administrative |  | 2,978 |  |  | 3,760 |  |  | 5,962 |
Total |  | $ | 2,978 |  |  | $ | 3,760 |  |  | $ | 5,962 |

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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