Stock-Based Compensation (Tables)

3 Months Ended

Jun. 30, 2016

Fair market value of stock-based compensation awards

The fair value of stock-based compensation awards granted during the three months ended June 30, 2016 and 2015 were as follows:

	Three months ended June 30,
	2016				2015
	Shares		Fair Value Per Award		Shares		Fair Value Per Award
Stock options		0.3	$	4.60		0.2	$	7.11
Restricted stock - retention		0.3	$	10.00		0.3	$	11.39
Restricted stock - performance based		0.3	$	10.00		0.2	$	11.39

Assumptions used in determining fair value of options

The Company used the following assumptions in determining fair value for stock options:

	Three months ended June 30,
	2016			2015
Expected life of awards in years		6.4			6.3
Risk-free interest rate		1.4	%		1.9	%
Expected volatility of the Company's stock		45.5	%		66.9	%
Expected dividend yield on the Company's stock		0.0	%		0.0	%

Unrecognized compensation cost related to non-vested stock-based compensation awards

As of June 30, 2016, unrecognized compensation cost related to non-vested stock-based compensation awards, which will be amortized over the remaining service periods, was as follows:

	Unrecognized Compensation Cost		Weighted-Average Remaining Service Period in Years
Stock options	$	3.1		3.0
Restricted stock - retention		7.0		3.0
Restricted stock - performance based		3.6		2.4
Total	$	13.7		2.8