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Employee Benefit Plans (Tables)
12 Months Ended
Mar. 31, 2017
Employee Benefit Plans  
Summary of activity in the plans with respect to stock options

                                                                                                                                                                                                                                               

 

 

Options

 

Weighted
Average
Exercise
Price Per
Share

 

Weighted
Average
Remaining
Contractual
Life

 

Aggregate
Intrinsic
Value

 

 

 

(In thousands)

 

 

 

(Years)

 

(In thousands)

 

Options outstanding at March 31, 2016

 

 

3,309

 

$

2.07

 

 

 

 

 

 

 

Granted

 

 

905

 

 

4.81

 

 

 

 

 

 

 

Exercised

 

 

(388

)

 

1.72

 

 

 

 

 

 

 

Forfeited

 

 

(37

)

 

2.25

 

 

 

 

 

 

 

Expired

 

 

(13

)

 

2.06

 

 

 

 

 

 

 

​  

​  

Options outstanding at March 31, 2017

 

 

3,776

 

$

2.76

 

 

8.0

 

$

10,115

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Options exercisable at March 31, 2017

 

 

1,396

 

$

1.99

 

 

6.4

 

$

4,822

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Vested and expected to vest at March 31, 2017

 

 

3,406

 

$

2.66

 

 

7.8

 

$

9,483

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Options exercisable at March 31, 2017 pursuant to a change-in-control

 

 

3,776

 

$

2.76

 

 

8.0

 

$

10,115

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of activity with respect to RSUs

                                                                                                                                                                                                              

 

 

# of Shares

 

Weighted
Average
Price Per
Share

 

Weighted
Average
Remaining
Life

 

Aggregate
Intrinsic
Value

 

 

 

(In thousands)

 

 

 

(Years)

 

(In thousands)

 

RSUs outstanding at March 31, 2016

 

 

173

 

$

2.00

 

 

 

 

 

 

 

Granted

 

 

141

 

 

4.98

 

 

 

 

 

 

 

Vested

 

 

(68

)

 

1.93

 

 

 

 

 

 

 

Forfeited

 

 

(14

)

 

2.05

 

 

 

 

 

 

 

​  

​  

RSUs outstanding at March 31, 2017

 

 

232

 

$

3.84

 

 

1.8

 

$

477

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Expected to vest at March 31, 2017

 

 

180

 

$

3.83

 

 

1.7

 

$

377

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Common stock issuable (for RSUs) at March 31, 2017 upon a change-in-control

 

 

232

 

$

3.84

 

 

1.8

 

$

477

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

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​  

 

Schedule of stock-based compensation expense

                                                                                                                                                                                                               

 

 

Year Ended March 31,

 

 

 

2017

 

2016

 

2015

 

 

 

(In thousands)

 

Cost of revenues

 

$

51

 

$

42

 

$

21

 

Selling, general and administrative expense

 

 

858

 

 

567

 

 

315

 

Research and development expense

 

 

67

 

 

50

 

 

62

 

​  

​  

​  

​  

​  

​  

Total stock-based compensation

 

$

976

 

$

659

 

$

398

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of weighted-average assumptions used in estimating the grant date fair value of stock options granted

                                                                                                                                                                                                                

 

 

Year Ended
March 31,

 

 

 

2017

 

2016

 

2015

 

Expected life—years

 

 

6.5

 

 

7.2

 

 

7.7

 

Risk-free interest rate

 

 

2.2

%

 

1.9

%

 

2.0

%

Expected volatility of common stock

 

 

40

%

 

47

%

 

50

%

Dividend yield

 

 

%

 

%

 

%

 

Summary of certain fair value and intrinsic value information pertaining to stock options

                                                                                                                                                                                                                   

 

 

Year Ended March 31,

 

 

 

2017

 

2016

 

2015

 

 

 

(In thousands, except per
share amounts)

 

Weighted average grant date fair value per share of options granted

 

$

2.11

 

$

1.19

 

$

1.01

 

Intrinsic value of options exercised

 

$

1,061

 

$

135

 

$

9