XML 58 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
STOCK PLANS (Tables)
 12 Months Ended
Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Share-Based Compensation Expense
The following is a summary of share-based compensation expense including restricted stock units and employee stock purchases made under our employee stock purchase plan (ESPP) based on estimated fair values within the applicable cost and expense lines identified below (in thousands):
 
Year Ended March 31,
 
2014
 
2013
 
2012
Cost of product revenue
$
228

 
$
235

 
$
192

Cost of service revenue
741

 
342

 
227

Research and development
4,361

 
2,944

 
2,486

Sales and marketing
3,791

 
3,035

 
3,052

General and administrative
3,809

 
3,024

 
2,745

 
$
12,930

 
$
9,580

 
$
8,702
Transactions under 1999 Stock Option Plan and 2007 Equity Incentive Plan
Transactions under the 1999 Stock Option Plan and the 2007 Equity Incentive Plan during the fiscal years ended March 31, 2014, 2013 and 2012 are summarized as follows:
 
Stock Options
 
Restricted Stock Units
 
Number of
Shares
 
Weighted
Average
Exercise
Price
 
Number of
Awards
 
Weighted
Average
Fair Value
Outstanding – March 31, 2011
325,519

 
$
6.35

 
1,418,859

 
$
12.35

Granted
—

 
—

 
1,071,131

 
13.36

Exercised (Options)/Issued (RSU’s)
(84,502
)
 
5.58

 
(659,350
)
 
11.26

Canceled
(125
)
 
5.26

 
(75,315
)
 
13.60

Outstanding – March 31, 2012
240,892

 
$
6.63

 
1,755,325

 
$
13.33

Granted
—

 
—

 
764,893

 
24.19

Exercised (Options)/Issued (RSU’s)
(86,892
)
 
6.62

 
(549,932
)
 
12.52

Canceled
—

 
—

 
(99,460
)
 
16.10

Outstanding – March 31, 2013
154,000

 
$
6.63

 
1,870,826

 
$
17.85

Granted
—

 
—

 
602,359

 
25.75

Exercised (Options)/Issued (RSU’s)
(117,650
)
 
6.91

 
(635,254
)
 
25.35

Canceled
(5,000
)
 
3.76

 
(99,632
)
 
17.61

Outstanding – March 31, 2014
31,350

 
$
5.87

 
1,738,299

 
$
20.95
Aggregate Intrinsic Values of Stock Options and Restricted Stock Units
The aggregate intrinsic values of stock options and restricted stock units as of March 31, 2014, 2013 and 2012 were as follows (in thousands):
 
Year Ended March 31,
  
2014
 
2013
 
2012
Total intrinsic value of stock options exercised
$
756

 
$
2,763

 
$
3,303

Total fair value of restricted stock unit awards vested
$
65,433

 
$
46,007

 
$
35,645