Quarterly report pursuant to Section 13 or 15(d)

STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION (Tables)

v3.6.0.2
STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION (Tables)
 9 Months Ended
Dec. 31, 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
 
Nine Months Ended
 
December 31, 2016
 
December 31, 2015
 
December 31, 2016
 
December 31, 2015
Share-based compensation:
 
 
 
 
 
 
 
Cost of revenue
$
183

 
$
313

 
$
697

 
$
1,006

Research and development
284

 
488

 
1,020

 
1,529

Sales and marketing
542

 
658

 
1,760

 
2,367

General and administrative
467

 
780

 
1,647

 
2,437

 
$
1,476

 
$
2,239

 
$
5,124

 
$
7,339

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

 
$
—

 
$
—

 
$
2

Restricted stock units
1,437

 
1,955

 
4,784

 
6,552

Stock purchase plan
39

 
284

 
340

 
785

 
$
1,476

 
$
2,239

 
$
5,124

 
$
7,339

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, 2016 and December 31, 2015 were as follows:
 
Nine Months Ended
 
December 31, 2016
 
December 31, 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
(303
)
 
1.03

 
 
 
 
Expired
(2,383
)
 
0.99

 
 
 
 
Outstanding as of December 31, 2016
1,445

 
$
2.50

 
1.20
 
$
2,107

Vested and expected to vest at December 31, 2016
1,445

 
$
2.50

 
1.20
 
$
2,107

Exercisable as of December 31, 2016
1,445

 
$
2.50

 
1.20
 
$
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
8,312

 
0.44

Vested
(4,850
)
 
1.38

Forfeited
(875
)
 
1.40

Nonvested at December 31, 2016
13,696

 
$
0.81