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Capital Stock | 9 Months Ended
--- | ---
Dec. 31, 2019
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, 2019 and March 31, 2019. The table below outlines common shares reserved for future issuance:
| December 31, 2019 |  | March 31, 2019
| (Amounts in millions)
Stock options and equity-settled SARs outstanding | 36.7 |  |  | 34.6 |
Restricted stock and restricted share units — unvested | 3.9 |  |  | 2.0 |
Common shares available for future issuance | 10.5 |  |  | 6.7 |
Shares reserved for future issuance | 51.1 |  |  | 43.3 |
(b) Share-based Compensation The Company recognized the following share-based compensation expense during the three and nine months ended December 31, 2019, and 2018:
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2019 |  | 2018 |  | 2019 |  | 2018
| (Amounts in millions)
Compensation Expense: |  |  |  |  |  |  |
Stock options | $ | 5.5 |  |  | $ | 4.7 |  |  | $ | 14.3 |  |  | $ | 18.2 |
Restricted share units and other share-based compensation | 9.8 |  |  | 5.9 |  |  | 23.1 |  |  | 19.8 |
Share appreciation rights | 1.9 |  |  | 0.5 |  |  | 3.6 |  |  | 3.3 |
| 17.2 |  |  | 11.1 |  |  | 41.0 |  |  | 41.3 |
Impact of accelerated vesting on equity awards(1) | — |  |  | 2.4 |  |  | 0.3 |  |  | 2.4 |
Total share-based compensation expense | $ | 17.2 |  |  | $ | 13.5 |  |  | $ | 41.3 |  |  | $ | 43.7 |
Tax impact(2) | (3.6 | ) |  | (3.2 | ) |  | (8.7 | ) |  | (10.1 | )
Reduction in net income | $ | 13.6 |  |  | $ | 10.3 |  |  | $ | 32.6 |  |  | $ | 33.6 |
___________________
(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 unaudited condensed consolidated 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,
| 2019 |  | 2018 |  | 2019 |  | 2018
| (Amounts in millions)
Share-Based Compensation Expense: |  |  |  |  |  |  |
Direct operating | $ | 0.7 |  |  | $ | 0.4 |  |  | $ | 1.1 |  |  | $ | 0.8 |
Distribution and marketing | 0.2 |  |  | 0.2 |  |  | 0.4 |  |  | 0.3 |
General and administration | 16.3 |  |  | 10.5 |  |  | 39.5 |  |  | 40.2 |
Restructuring and other | — |  |  | 2.4 |  |  | 0.3 |  |  | 2.4 |
| $ | 17.2 |  |  | $ | 13.5 |  |  | $ | 41.3 |  |  | $ | 43.7 |
The following table sets forth the stock option, equity-settled SARs, cash-settled SARs, restricted stock and restricted share unit activity during the nine months ended December 31, 2019:
| Stock Options, Equity-settled and Cash-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
| (Number of shares in millions)
Outstanding at March 31, 2019 | 8.4 |  |  | $26.70 |  | 26.2 |  |  | $20.72 |  | 0.1 |  |  | $25.68 |  | 1.9 |  |  | $24.24
Granted | — |  |  | — |  |  | 7.5 |  | (2) | $12.71 |  | — |  | (1) | $11.01 |  | 3.1 |  |  | $12.03
Options exercised or restricted stock or RSUs vested | — |  |  | — |  |  | (0.1 | ) |  | $10.50 |  | (0.1 | ) |  | $25.93 |  | (0.7 | ) |  | $24.22
Forfeited or expired | (1.1 | ) |  | $29.94 |  | (4.2 | ) |  | $17.82 |  | — |  | (1) | $18.90 |  | (0.3 | ) |  | $20.86
Outstanding at December 31, 2019 | 7.3 |  |  | $26.22 |  | 29.4 |  |  | $19.06 |  | — |  | (1) | $14.89 |  | 4.0 |  |  | $15.10
__________________
(1) | Represents less than 0.1 million shares.
(2) | During the nine months ended December 31, 2019, the Company granted 3.3 million cash-settled share-appreciation rights ("CSARs"). The CSARs are revalued each reporting period until settlement using a closed-form option pricing model (Black Scholes).
(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 has issued to the customer three $16.67 million annual installments of equity (or cash at the Company's election). The total value of the contract of $50 million was amortized as a reduction of revenue over the period from December 8, 2016 to August 31, 2019.

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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 shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP). + 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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