Stock-Based Compensation And Employee Purchase Plan (Tables)

9 Months Ended

Dec. 31, 2016

Employee Stock Purchase Plan

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The estimated fair value of options granted under the Employee Stock Purchase Plan was estimated at the date of grant using Black-Scholes pricing model with the following weighted average assumptions:

		Three Months Ended				Nine Months Ended
		December 31,				December 31,
		2016		2015		2016		2015
Expected volatility		-		-		40%		45%
Expected dividend yield		-		-		-		-
Risk-free interest rate		-		-		0.45%		0.30%
Weighted average expected ESPP option term		-		-		0.76 years		0.75 years
Weighted average fair value of
ESPP options granted	$	-	$	-	$	4.04	$	2.78

Option Grants

Disclosure Of Share-Based Compensation Arrangements By Share-Based Payment Award

Stock Option activity under all the Company's stock option plans for the nine months ended December 31, 2016, is summarized as follows:

			Weighted Average
	Number of		Exercise Price
	Shares		Per Share
Outstanding at March 31, 2016	4,793,266	$	6.29
Granted	358,832		14.54
Exercised	(338,781)		2.17
Canceled/Forfeited	(42,469)		9.87
Outstanding at December 31, 2016	4,770,848	$	7.17
Vested and expected to vest at December 31, 2016	4,770,848	$	7.17
Exercisable at December 31, 2016	3,265,483	$	5.99

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of each of the Company's option grants has been estimated on the date of grant using the Black-Scholes pricing model with the following assumptions:

		Three Months Ended				Nine Months Ended
		December 31,				December 31,
		2016		2015		2016		2015
Expected volatility		42%		51%		44%		53%
Expected dividend yield		-		-		-		-
Risk-free interest rate		1.20%		1.75%		1.17%		1.60%
Weighted average expected option term		4.50 years		5.25 years		4.69 years		5.44 years
Weighted average fair value of options granted	$	5.54	$	4.92	$	5.47	$	4.12

Stock Purchase Rights

Disclosure Of Share-Based Compensation Arrangements By Share-Based Payment Award

Stock Purchase Right activity for the nine months ended December 31, 2016 is summarized as follows:

			Weighted	Weighted
			Average	Average
			Grant-Date	Remaining
	Number of		Fair Market	Contractual
	Shares		Value	Term (in Years)
Balance at March 31, 2016	82,171	$	6.30	0.76
Granted	-		-
Vested	(68,426)		5.98
Forfeited	(1,125)		6.73
Balance at December 31, 2016	12,620	$	8.00	1.20

Restricted Stock Units

Disclosure Of Share-Based Compensation Arrangements By Share-Based Payment Award

Restricted Stock Unit activity for the nine months ended December 31, 2016 is summarized as follows:

				Weighted
			Weighted	Average
			Average	Remaining
	Number of		Grant Date	Contractual
	Shares		Fair Value	Term (in Years)
Balance at March 31, 2016	4,544,799	$	8.09	1.67
Granted	2,115,744		15.07
Vested	(1,351,014)		7.99
Forfeited	(284,431)		9.35
Balance at December 31, 2016	5,025,098	$	10.99	1.66