XML 70 R15.htm IDEA: XBRL DOCUMENT
v3.19.3

Note 7 - Stockholders' Equity | 6 Months Ended
--- | ---
Sep. 30, 2019
Notes to Financial Statements |
Stockholders' Equity Note Disclosure [Text Block] | Note 7 . Stockholders' Equity Public Offering of Common Stock On August 12, 2019, we completed the sale and issuance of a total of 431,250 shares of our common stock, which includes our underwriters' exercise in full of an option to purchase up to an additional 56,250 shares. The offering price to the public was $210.00 per share. The total proceeds we received from the offering, net of underwriting discounts and commissions and other offering expenses we paid was $84,995. Stock-Based Compensation Amounts recognized in the Condensed Consolidated Financial Statements related to stock-based compensation are as follows:
|  | Three Months Ended September 30, |  |  | Six Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Stock-based compensation expense |  | $ | 1,182 |  |  | $ | 990 |  |  | $ | 2,050 |  |  | $ | 1,729 |
Amount of income tax (benefit) recognized in earnings |  |  | (368 | ) |  |  | 38 |  |  |  | (908 | ) |  |  | (858 | )
Stock-based compensation expense (benefit), net of tax |  | $ | 814 |  |  | $ | 1,028 |  |  | $ | 1,142 |  |  | $ | 871 |
Stock-based compensation expense is included in cost of revenues, selling, general and administrative, and research and development expense in the accompanying Condensed Consolidated Statements of Income. The following is a summary of stock option and restricted stock unit ("RSU") award activity for the six months ended September 30, 2019 (shares in thousands):
|  | Stock Options |  |  | Restricted Stock Units |
|  | Shares Subject to Options |  |  | Weighted- Average Exercise Price per Share |  |  | Number of Shares |  |  | Weighted- Average Grant Date Fair Value per Share |
Outstanding at March 31, 2019 |  |  | 354 |  |  | $ | 94.04 |  |  |  | 31 |  |  | $ | 162.23 |
Awards granted |  |  | 29 |  |  |  | 205.46 |  |  |  | 19 |  |  |  | 202.09 |
Awards forfeited or expired |  |  | (27 | ) |  |  | 99.36 |  |  |  | (2 | ) |  |  | 156.14 |
Awards exercised or distributed |  |  | (40 | ) |  |  | 84.54 |  |  |  | (3 | ) |  |  | 155.62 |
Outstanding as of September 30, 2019 |  |  | 316 |  |  | $ | 104.89 |  |  |  | 45 |  |  | $ | 180.13 |
Eight of the RSUs granted during the six months ended September 30, 2018 were subject to performance and service conditions and are considered performance share units ("PSUs"). During the six months ended September 30, 2019 , we awarded PSUs that are subject to both service and performance conditions to eligible employees. The PSUs had a grant date fair value of $202.00 per share and vest based on our achievement of specific performance criteria for the three -year period from April 1, 2019 through March 31, 2022 and on continued service through June 15, 2022. The quantity of shares that will be issued upon vesting will range from 0% to 200% of the targeted number of shares; if the defined minimum targets are not met, then no shares will vest.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration