Quarterly report pursuant to Section 13 or 15(d)

STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION (Tables)

v3.3.0.814
STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of share-based compensation
The following table summarizes share-based compensation (in thousands):
 
Three Months Ended
 
Six Months Ended
 
September 30, 2015
 
September 30, 2014
 
September 30, 2015
 
September 30, 2014
Share-based compensation:
 
 
 
 
 
 
 
Cost of revenue
$
331

 
$
333

 
$
693

 
$
747

Research and development
492

 
603

 
1,041

 
1,383

Sales and marketing
839

 
887

 
1,709

 
1,797

General and administrative
785

 
846

 
1,657

 
1,810

 
$
2,447

 
$
2,669

 
$
5,100

 
$
5,737

Share-based compensation by type of award:
 
 
 
 
 
 
 
Stock options
$
—

 
$
154

 
$
2

 
$
311

Restricted stock
2,167

 
2,315

 
4,597

 
5,013

Stock purchase plan
280

 
200

 
501

 
413

 
$
2,447

 
$
2,669

 
$
5,100

 
$
5,737

Schedule of assumptions used in calculating fair values
The weighted-average grant date fair values and the assumptions used in calculating fair values for the three and six month periods ended September 30, 2015 and 2014 were as follows:
 
 
 
 
 
Three and Six Months Ended
 
September 30, 2015
 
September 30, 2014
Option life (in years)
0.5

 
0.5

Risk-free interest rate
0.09
%
 
0.06
%
Stock price volatility
64.61
%
 
32.19
%
Weighted-average grant date fair value per share
$
0.38

 
$
0.30

Summary of activity relating to stock options
A summary of activity relating to our stock options follows (options and aggregate intrinsic value in thousands):
Options
 
Weighted-
Average
Exercise Price
 
Weighted-
Average
Remaining
Contractual Term
 
Aggregate
Intrinsic Value
Outstanding as of March 31, 2015
4,944

 
$
1.47

 
 
 
 
Exercised
(252
)
 
1.05

 
 
 
 
Forfeited
(5
)
 
0.58

 
 
 
 
Expired
(176
)
 
1.80

 
 
 
 
Outstanding as of September 30, 2015
4,511

 
$
1.48

 
1.30
 
$
10

Vested and expected to vest at September 30, 2015
4,511

 
$
1.48

 
1.30
 
$
10

Exercisable as of September 30, 2015
4,511

 
$
1.48

 
1.30
 
$
10

Summary of activity relating to restricted stock
A summary of activity relating to our restricted stock units follows (shares in thousands):
 
Shares
 
Weighted-Average
Grant Date
Fair Value Per Share
Nonvested at March 31, 2015
13,791

 
$
1.34

Granted
6,542

 
1.64

Vested
(5,814
)
 
1.46

Forfeited
(424
)
 
1.39

Nonvested at September 30, 2015
14,095

 
$
1.43