Quarterly report pursuant to Section 13 or 15(d)

STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION

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STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION
3 Months Ended
Jun. 30, 2014
STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION [Abstract]  
STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION

NOTE 9: STOCK INCENTIVE PLANS AND SHARE-BASED COMPENSATION

Share-Based Compensation

The following table summarizes share-based compensation (in thousands):

      Three Months Ended
      June 30, 2014   June 30, 2013
        Share-based compensation:            
         Cost of revenue       $          414       $          528
         Research and development     780     868
         Sales and marketing     910     1,074
         General and administrative     964     886
      $ 3,068   $ 3,356
   
  Share-based compensation by type of award:            
         Stock options   $ 157   $ 232
         Restricted stock     2,698     2,738
         Stock purchase plan     213     386
      $ 3,068   $ 3,356

Stock Incentive Plans - Grants and Fair Value

Stock Options

No stock options were granted during the first quarter of fiscal 2015 or 2014. The Black-Scholes option pricing model is used to estimate the fair value of stock options.

Restricted Stock

The fair value of restricted stock units ("RSUs") granted is the intrinsic value as of the respective grant date since the RSUs are granted at no cost to the employee. The weighted-average grant date fair values of RSUs granted during the first quarter of fiscal 2015 and 2014 were $1.21 and $1.32, respectively.

Stock Purchase Plan

Under the Stock Purchase Plan, rights to purchase shares are typically granted during the second and fourth quarter of each fiscal year. No rights to purchase shares were granted during the first quarter of fiscal 2015 or fiscal 2014. The Black-Scholes option pricing model is used to estimate the fair value of rights to acquire stock granted under our Purchase Plan.

Stock Incentive Plans - Activity

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, 2014       7,997         $ 1.78                  
          Exercised   (134 )     0.85          
          Forfeited   (58 )     1.39          
          Expired        (1,223 )     2.95          
  Outstanding as of June 30, 2014   6,582     $              1.58        2.14   $              949
  Vested and expected to vest at June 30, 2014   6,572     $ 1.58   2.14   $ 949
  Exercisable as of June 30, 2014   6,311     $ 1.54   2.08   $ 949

Restricted Stock

A summary of activity relating to our restricted stock follows (shares in thousands):

      Shares     Weighted-Average
Grant Date
Fair Value
        Nonvested at March 31, 2014            12,108         $                  1.80
          Granted   299       1.21
          Vested   (365 )     1.87
          Forfeited   (128 )     1.80
  Nonvested at June 30, 2014   11,914     $ 1.78