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Stock-Based Compensation And Employee Purchase Plan (Tables)

6 Months Ended

Sep. 30, 2016

Employee Stock Purchase Plan

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The estimated fair value of options granted under the Employee Stock Purchase Plan was estimated at the date of grant using Black-Scholes pricing model with the following weighted average assumptions:

			Three Months Ended						Six Months Ended
			September 30,						September 30,
			2016			2015			2016			2015
Expected volatility			40%			45%			40%			45%
Expected dividend yield			-			-			-			-
Risk-free interest rate			0.45%			0.30%			0.45%			0.30%
Weighted average expected ESPP option term			0.76 years			0.75 years			0.76 years			0.75 years
Weighted average fair value of
ESPP options granted		$	4.04		$	2.78		$	4.04		$	2.78

Option Grants

Disclosure Of Share-Based Compensation Arrangements By Share-Based Payment Award

Stock Option activity under all the Company's stock option plans for the six months ended September 30, 2016, is summarized as follows:

					Weighted Average
		Number of			Exercise Price
		Shares			Per Share
Outstanding at March 31, 2016		4,793,266		$	6.29
Granted		308,560			14.40
Exercised		(318,197)			1.83
Canceled/Forfeited		(1)			2.58
Outstanding at September 30, 2016		4,783,628		$	7.11
Vested and expected to vest at September 30, 2016		4,783,628		$	7.11
Exercisable at September 30, 2016		3,085,831		$	5.80

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of each of the Company's option grants has been estimated on the date of grant using the Black-Scholes pricing model with the following assumptions:

			Three Months Ended						Six Months Ended
			September 30,						September 30,
			2016			2015			2016			2015
Expected volatility			42%			53%			44%			53%
Expected dividend yield			-			-			-			-
Risk-free interest rate			1.12%			1.59%			1.17%			1.59%
Weighted average expected option term			4.50 years			5.57 years			4.72 years			5.46 years
Weighted average fair value of options granted		$	5.46		$	4.00		$	5.46		$	4.06

Stock Purchase Rights

Disclosure Of Share-Based Compensation Arrangements By Share-Based Payment Award

Stock Purchase Right activity for the six months ended September 30, 2016 is summarized as follows:

					Weighted			Weighted
					Average			Average
					Grant-Date			Remaining
		Number of			Fair Market			Contractual
		Shares			Value			Term (in Years)
Balance at March 31, 2016		82,171		$	6.30			0.76
Granted		-			-
Vested		(65,006)			5.89
Forfeited		(250)			7.88
Balance at September 30, 2016		16,915		$	7.86			1.21

Restricted Stock Units

Disclosure Of Share-Based Compensation Arrangements By Share-Based Payment Award

Restricted Stock Unit activity for the six months ended September 30, 2016 is summarized as follows:

								Weighted
					Weighted			Average
					Average			Remaining
		Number of			Grant Date			Contractual
		Shares			Fair Value			Term (in Years)
Balance at March 31, 2016		4,544,799		$	8.08			1.67
Granted		1,899,350			15.08
Vested		(868,648)			8.27
Forfeited		(141,143)			8.82
Balance at September 30, 2016		5,434,358		$	10.49			1.75

X

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

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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

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