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STOCK-BASED COMPENSATION - Note 7
6 Months Ended
Sep. 30, 2018
Equity [Abstract]  
STOCK-BASED COMPENSATION - Note 7

7. STOCK-BASED COMPENSATION

The following tables summarize information pertaining to the stock-based compensation expense from stock options and stock awards (in thousands, except weighted-average grant-date fair value and recognition period):

      Three Months Ended     Six Months Ended
      September 30,     September 30,
      2018     2017     2018     2017
Cost of service revenue   $ 638    $ 473    $ 1,096    $ 864 
Cost of product revenue                
Research and development     2,823      1,314      5,017      2,651 
Sales and marketing     3,826      2,568      7,672      5,215 
General and administrative     2,842      2,302      5,255      4,278 
     Total   $ 10,129    $ 6,657    $ 19,040    $ 13,008 

 

      Six Months Ended
      September 30,
      2018     2017
Stock options outstanding at the beginning of the period:     3,998      4,462 
     Options granted     195      229 
     Options exercised      (574)     (329)
     Options canceled and forfeited     (97)     (134)
Options outstanding at the end of the period:     3,522      4,228 
     Weighted-average fair value of grants during the period   $ 8.47    $ 5.28 
     Total intrinsic value of options exercised during the period   $ 8,525    $ 3,537 
     Weighted-average remaining recognition period at period-end (in years)      2.52      1.95 
             
Stock awards outstanding at the beginning of the period:     5,939      4,950 
     Stock awards granted     2,112      2,446 
     Stock awards vested     (1,720)     (1,225)
     Stock awards canceled and forfeited     (433)     (272)
Stock awards outstanding at the end of the period:      5,898      5,899 
     Weighted-average fair value of grants during the period   $ 22.01    $ 14.09 
     Weighted-average remaining recognition period at period-end (in years)      2.44      2.75 
             
Total unrecognized compensation expense at period-end   $ 79,121    $ 63,323 

Stock Repurchases

In May 2017, the Company's board of directors authorized the Company to purchase up to $25.0 million of its common stock from time to time under the 2017 Repurchase Plan (the "2017 Plan"). The 2017 Plan expires when the maximum purchase amount is reached, or upon the earlier revocation or termination by the board of directors. The remaining amount available under the 2017 Plan at September 30, 2018 was approximately $7.1 million. There were no stock repurchases under the 2017 Plan during the six months period ended September 30, 2018.