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Employee Benefit Plans (Tables)
12 Months Ended
Mar. 31, 2020
Employee Benefit Plans  
Summary of activity with respect to stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Weighted

    

Weighted

    

 

 

 

 

 

 

Average

 

Average

 

 

 

 

 

 

 

Exercise

 

Remaining

 

Aggregate

 

 

 

 

Price Per

 

Contractual

 

Intrinsic

 

 

Options

 

Share

 

Life

 

Value

 

 

(In thousands)

 

 

 

 

(Years)

 

(In thousands)

Options outstanding at March 31, 2019

 

5,035

 

$

3.70

 

7.6

 

$

4,430

Granted

 

1,206

 

 

5.06

 

 

 

 

 

Exercised

 

(119)

 

 

2.13

 

 

 

 

 

Forfeited

 

(188)

 

 

4.94

 

 

 

 

 

Expired

 

 —

 

 

 —

 

 

 

 

 

Options outstanding at March 31, 2020

 

5,934

 

$

3.99

 

7.2

 

$

2,095

 

Summary of activity with respect to RSUs

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Weighted

    

Weighted

    

    

 

 

 

 

 

Average

 

Average

 

 

Aggregate

 

 

 

 

Price Per

 

Remaining

 

 

Intrinsic

 

 

# of Shares

 

Share

 

Life

 

 

Value

 

 

(In thousands)

 

 

 

 

(Years)

 

 

(In thousands)

RSUs outstanding at March 31, 2019

 

112

 

$

4.62

 

1.1

 

$

19

Granted

 

374

 

 

5.12

 

 

 

 

 

Vested

 

(78)

 

 

4.17

 

 

 

 

 

Forfeited

 

(4)

 

 

5.52

 

 

 

 

 

RSUs outstanding at March 31, 2020

 

404

 

$

5.16

 

2.0

 

$

1,295

 

Schedule of stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended March 31, 

 

     

2020

     

2019

     

2018

 

 

(In thousands)

Cost of revenues

 

$

175

 

$

146

 

$

71

Selling, general and administrative expense

 

 

2,364

 

 

1,804

 

 

1,558

Research and development expense

 

 

246

 

 

206

 

 

152

Total stock-based compensation

 

$

2,785

 

$

2,156

 

$

1,781

 

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

 

 

 

 

 

 

 

 

 

 

 

Year Ended March 31, 

 

 

     

2020

     

2019

     

2018

 

Expected life—years

 

6.8

 

5.9

 

6.5

 

Risk-free interest rate

 

2.2

%  

2.7

%  

2.7

%

Expected volatility of common stock

 

47

%  

43

%  

43

%

Dividend yield

 

0

%  

0

%  

0

%

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended March 31, 

 

     

2020

     

2019

     

2018

 

 

(In thousands, except per share amounts)

Weighted average grant date fair value per share of options granted

 

$

2.52

 

$

1.89

 

$

2.59

Intrinsic value of options exercised

 

$

378

 

$

114

 

$

2,469