Quarterly report pursuant to Section 13 or 15(d)

STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION (Tables)

v3.5.0.2
STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Sep. 30, 2016
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, 2016
 
September 30, 2015
 
September 30, 2016
 
September 30, 2015
Share-based compensation:
 
 
 
 
 
 
 
Cost of revenue
$
234

 
$
331

 
$
514

 
$
693

Research and development
333

 
492

 
736

 
1,041

Sales and marketing
606

 
839

 
1,218

 
1,709

General and administrative
477

 
785

 
1,180

 
1,657

 
$
1,650

 
$
2,447

 
$
3,648

 
$
5,100

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

 
$
—

 
$
—

 
$
2

Restricted stock units
1,511

 
2,167

 
3,347

 
4,597

Stock purchase plan
139

 
280

 
301

 
501

 
$
1,650

 
$
2,447

 
$
3,648

 
$
5,100

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, 2016 and September 30, 2015 were as follows:
 
Three and Six Months Ended
 
September 30, 2016
 
September 30, 2015
Option life (in years)
0.5

 
0.5

Risk-free interest rate
0.40
%
 
0.09
%
Stock price volatility
81.88
%
 
64.61
%
Weighted-average grant date fair value per share
$
0.23

 
$
0.38

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, 2016
4,131

 
$
1.52

 
 
 
 
Forfeited
(301
)
 
1.02

 
 
 
 
Expired
(2,355
)
 
0.99

 
 
 
 
Outstanding as of September 30, 2016
1,475

 
$
2.49

 
1.43
 
$
2,107

Vested and expected to vest at September 30, 2016
1,475

 
$
2.49

 
1.43
 
$
2,107

Exercisable as of September 30, 2016
1,475

 
$
2.49

 
1.43
 
$
2,107

Summary of activity relating to restricted stock units
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, 2016
11,109

 
$
1.39

Granted
8,042

 
0.43

Vested
(4,825
)
 
1.38

Forfeited
(767
)
 
1.44

Nonvested at September 30, 2016
13,559

 
$
0.82