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Capital Stock (Tables) | 3 Months Ended
--- | ---
Jun. 30, 2017
Equity and Share-based Compensation [Abstract] |
Common Shares Reserved For Future Issuance | The table below outlines common shares reserved for future issuance:
| June 30, 2017 |  | March 31, 2017
| (Amounts in millions)
Stock options outstanding, Class A voting shares average exercise price $26.78, Class B non-voting shares average exercise price $19.54 (March 31, 2017 - Class A voting shares average exercise price $26.67, Class B non-voting shares average exercise price $19.43) | 32.3 |  |  | 32.6 |
Restricted stock and restricted share units — unvested | 2.4 |  |  | 2.7 |
Common shares available for future issuance under Lionsgate plan | 1.0 |  |  | 0.8 |
Common shares available for future issuance under Starz plan | 12.0 |  |  | 11.8 |
Shares issuable upon conversion of April 2013 1.25% Notes at conversion price of $29.19 per share (March 31, 2017 - $29.19) | 2.1 |  |  | 2.1 |
Shares reserved for future issuance | 49.8 |  |  | 50.0 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Share-Based Compensation Expense | Share-based compensation expense, by expense category, consisted of the following:
| Three Months Ended
| June 30,
| 2017 |  | 2016
| (Amounts in millions)
Compensation Expense: |  |  |
Direct operating | $ | 0.2 |  |  | $ | — |
Distribution and marketing | 0.2 |  |  | — |
General and administration | 23.4 |  |  | 22.2 |
| $ | 23.8 |  |  | $ | 22.2 |
The Company recognized the following share-based compensation expense during the three months ended June 30, 2017, and 2016:
| Three Months Ended
| June 30,
| 2017 |  | 2016
| (Amounts in millions)
Compensation Expense: |  |  |
Stock options | $ | 12.3 |  |  | $ | 7.7 |
Restricted share units and other share-based compensation | 10.4 |  |  | 6.0 |
Share appreciation rights | 1.1 |  |  | — |
| 23.8 |  |  | 13.7 |
Immediately vested restricted share units issued under annual bonus program(1) | — |  |  | 8.5 |
Total share-based compensation expense | $ | 23.8 |  |  | $ | 22.2 |
Tax impact(2) | (8.5 | ) |  | (8.1 | )
Reduction in net income | $ | 15.3 |  |  | $ | 14.1 |
___________________
(1) | Represents the impact of immediately vested stock awards granted as part of our annual bonus program, and issued in lieu of cash bonuses.
(2) | Represents the income tax benefit recognized in the statements of income for share-based compensation arrangements.
Schedule of Stock Option, Restricted Stock and Restricted Share Unit Activity | The following table sets forth the stock option, restricted stock and restricted share unit activity during the three months ended June 30, 2017:
| Stock Options |  | Restricted Stock and Restricted Share Units
| Class A Voting Shares |  | Class B Non-Voting Shares |  | Class A Voting Shares |  | Class B Non-Voting Shares
| Number of Shares |  | Weighted-Average Exercise Price |  | Number of Shares |  | Weighted-Average Exercise Price |  | Number of Shares |  | Weighted-Average Grant-Date Fair Value |  | Number of Shares |  | Weighted-Average Grant-Date Fair Value
Outstanding at March 31, 2017 | 9,089,915 |  |  | $26.67 |  | 23,464,929 |  |  | $19.43 |  | 519,148 |  |  | $27.85 |  | 2,258,006 |  |  | $26.07
Granted | 230,303 |  |  | $30.36 |  | 230,303 |  |  | $29.35 |  | 43,860 |  |  | $26.10 |  | 111,604 |  |  | $24.04
Options exercised or restricted stock or RSUs vested | (19,547 | ) |  | $16.95 |  | (511,084 | ) |  | $17.32 |  | (135,052 | ) |  | $26.62 |  | (329,795 | ) |  | $26.06
Forfeited or expired | (6,732 | ) |  | $31.00 |  | (144,566 | ) |  | $24.79 |  | (3,925 | ) |  | $37.53 |  | (63,616 | ) |  | $26.42
Outstanding at June 30, 2017 | 9,293,939 |  |  | $26.78 |  | 23,039,582 |  |  | $19.54 |  | 424,031 |  |  | $27.98 |  | 1,976,199 |  |  | $25.95

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- 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 + Details
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