Quarterly report pursuant to Section 13 or 15(d)

STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION (Tables)

v3.8.0.1
STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Sep. 30, 2017
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, 2017
 
September 30, 2016
 
September 30, 2017
 
September 30, 2016
Share-based compensation:
 
 
 
 
 
 
 
Cost of revenue
$
201

 
$
234

 
$
418

 
$
514

Research and development
245

 
333

 
531

 
736

Sales and marketing
633

 
606

 
1,153

 
1,218

General and administrative
638

 
477

 
1,228

 
1,180

 
$
1,717

 
$
1,650

 
$
3,330

 
$
3,648

Share-based compensation by type of award:
 
 
 
 
 
 
 
Restricted stock units
1,559

 
1,511

 
3,020

 
3,347

Stock purchase plan
158

 
139

 
310

 
301

 
$
1,717

 
$
1,650

 
$
3,330

 
$
3,648

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, 2017
1,765

 
$
6.75

Granted
1,242

 
7.55

Vested
(662
)
 
7.71

Forfeited
(230
)
 
6.92

Nonvested at September 30, 2017
2,115

 
$
6.90

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, 2017 and September 30, 2016 were as follows:
 
Three and Six Months Ended
 
September 30, 2017
 
September 30, 2016
Option life (in years)
0.5

 
0.5

Risk-free interest rate
1.13
%
 
0.40
%
Stock price volatility
44.99
%
 
81.88
%
Weighted-average grant date fair value per share
$
2.18

 
$
0.23