Quarterly report pursuant to Section 13 or 15(d)

STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION (Tables)

v3.3.1.900
STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION (Tables)
 9 Months Ended
Dec. 31, 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
 
Nine Months Ended
 
December 31, 2015
 
December 31, 2014
 
December 31, 2015
 
December 31, 2014
Share-based compensation:
 
 
 
 
 
 
 
Cost of revenue
$
313

 
$
362

 
$
1,006

 
$
1,109

Research and development
488

 
600

 
1,529

 
1,983

Sales and marketing
658

 
830

 
2,367

 
2,627

General and administrative
780

 
1,126

 
2,437

 
2,936

 
$
2,239

 
$
2,918

 
$
7,339

 
$
8,655

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

 
$
153

 
$
2

 
$
464

Restricted stock
1,955

 
2,584

 
6,552

 
7,597

Stock purchase plan
284

 
181

 
785

 
594

 
$
2,239

 
$
2,918

 
$
7,339

 
$
8,655

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 nine month periods ended December 31, 2015 and 2014 were as follows:
 
 
 
 
 
Nine Months Ended
 
December 31, 2015
 
December 31, 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
(294
)
 
1.01

 
 
 
 
Forfeited
(45
)
 
0.94

 
 
 
 
Expired
(188
)
 
1.74

 
 
 
 
Outstanding as of December 31, 2015
4,417

 
$
1.49

 
1.04
 
$
13

Vested and expected to vest at December 31, 2015
4,417

 
$
1.49

 
1.04
 
$
13

Exercisable as of December 31, 2015
4,417

 
$
1.49

 
1.04
 
$
13

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
6,574

 
1.64

Vested
(6,033
)
 
1.45

Forfeited
(983
)
 
1.37

Nonvested at December 31, 2015
13,349

 
$
1.44