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Capital Stock | 9 Months Ended
--- | ---
Dec. 31, 2018
Equity and Share-based Compensation [Abstract] |
Capital Stock | Capital Stock (a) Common Shares The Company had 500 million authorized Class A voting shares and 500 million authorized Class B non-voting shares at December 31, 2018 and March 31, 2018. The table below outlines common shares reserved for future issuance:
| December 31, 2018 |  | March 31, 2018
| (Amounts in millions)
Stock options and equity-settled SARs outstanding | 34.1 |  |  | 32.1 |
Restricted stock and restricted share units — unvested | 2.2 |  |  | 2.2 |
Common shares available for future issuance under the 2017 Plan (as defined below) | 7.7 |  |  | 10.3 |
Shares issuable upon conversion of April 2013 1.25% Notes | — |  |  | 2.1 |
Shares reserved for future issuance | 44.0 |  |  | 46.7 |
On September 12, 2017, the Company’s shareholders approved the Lions Gate Entertainment Corp. 2017 Performance Incentive Plan (the “2017 Plan”) previously adopted by the Board of Directors (the “Board”) of the Company. The types of awards that may be granted under the 2017 Plan include stock options, SARs, restricted stock, restricted share units, stock bonuses and other forms of awards granted or denominated in Class A voting shares and Class B non-voting shares ("Common Shares") or units of Common Shares, as well as certain cash bonus awards. Persons eligible to receive awards under the 2017 Plan include directors of the Company, officers or employees of the Company or any of its subsidiaries, and certain consultants and advisors to the Company or any of its subsidiaries. (b) Share-based Compensation The Company recognized the following share-based compensation expense during the three and nine months ended December 31, 2018, and 2017:
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (Amounts in millions)
Compensation Expense: |  |  |  |  |  |  |
Stock options | $ | 4.7 |  |  | $ | 11.3 |  |  | $ | 18.2 |  |  | $ | 35.3 |
Restricted share units and other share-based compensation | 5.9 |  |  | 11.2 |  |  | 19.8 |  |  | 31.5 |
Share appreciation rights | 0.5 |  |  | 1.7 |  |  | 3.3 |  |  | 4.8 |
| 11.1 |  |  | 24.2 |  |  | 41.3 |  |  | 71.6 |
Impact of accelerated vesting on equity awards(1) | 2.4 |  |  | 2.9 |  |  | 2.4 |  |  | 2.9 |
Total share-based compensation expense | $ | 13.5 |  |  | $ | 27.1 |  |  | $ | 43.7 |  |  | $ | 74.5 |
Tax impact(2) | (3.2 | ) |  | (8.8 | ) |  | (10.1 | ) |  | (24.5 | )
Reduction in net income | $ | 10.3 |  |  | $ | 18.3 |  |  | $ | 33.6 |  |  | $ | 50.0 |
___________________
(1) | Represents the impact of the acceleration of certain vesting schedules for equity awards pursuant to certain severance arrangements.
(2) | Represents the income tax benefit recognized in the statements of operations for share-based compensation arrangements.
Share-based compensation expense, by expense category, consisted of the following:
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (Amounts in millions)
Share-Based Compensation Expense: |  |  |  |  |  |  |
Direct operating | $ | 0.4 |  |  | $ | 0.6 |  |  | $ | 0.8 |  |  | $ | 1.0 |
Distribution and marketing | 0.2 |  |  | 0.3 |  |  | 0.3 |  |  | 0.7 |
General and administration | 10.5 |  |  | 23.3 |  |  | 40.2 |  |  | 69.9 |
Restructuring and other | 2.4 |  |  | 2.9 |  |  | 2.4 |  |  | 2.9 |
| $ | 13.5 |  |  | $ | 27.1 |  |  | $ | 43.7 |  |  | $ | 74.5 |
The following table sets forth the stock option, equity-settled SARs, restricted stock and restricted share unit activity during the nine months ended December 31, 2018:
| Stock Options and Equity-Settled SARs |  | 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, 2018 | 8,636,437 |  |  | $26.93 |  | 23,463,115 |  |  | $20.56 |  | 230,561 |  |  | $28.49 |  | 2,001,049 |  |  | $27.97
Granted | 155,705 |  |  | $28.07 |  | 3,190,256 |  |  | $23.37 |  | 30,001 |  |  | $23.51 |  | 830,972 |  |  | $22.05
Options exercised or restricted stock or RSUs vested | (25,657 | ) |  | $21.74 |  | (277,609 | ) |  | $14.97 |  | (133,560 | ) |  | $29.56 |  | (649,659 | ) |  | $28.07
Forfeited or expired | (392,788 | ) |  | $33.49 |  | (630,510 | ) |  | $30.47 |  | (12,767 | ) |  | $25.30 |  | (84,597 | ) |  | $27.07
Outstanding at December 31, 2018 | 8,373,697 |  |  | $26.66 |  | 25,745,252 |  |  | $20.74 |  | 114,235 |  |  | $26.28 |  | 2,097,765 |  |  | $25.63
(c) Other In connection with an amendment of an affiliation agreement with a customer and effective upon the close of the Starz merger (December 8, 2016), Lionsgate agreed to issue to the customer three $16.67 million annual installments of equity (or cash at Lionsgate's election). The total value of the contract of $50 million is being amortized as a reduction of revenue over the period from December 8, 2016 to August 31, 2019. During the three months ended December 31, 2018, Lionsgate issued to the customer 431,332 Class A voting shares valued at $8.3 million and 467,902 Class B voting shares valued at $8.3 million (2017 - 266,667 Class A voting shares valued at $8.3 million and 278,334 Class B non-voting shares valued at $8.3 million).

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- Definition Equity and Share-based Compensation [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details. + 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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