XML 46 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Share Based Awards (Tables)
12 Months Ended
Mar. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of stock option activity
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
per Share
 
Weighted-
Average
Remaining
Contractual
Life (years)
 
Aggregate
Intrinsic
Value
(in thousands)
Outstanding, March 31, 2010
1,743,926

 
$
21.58

 
 
 
 
Granted
110,000

 
29.15

 
 
 
 
Exercised
(307,428
)
 
18.60

 
 
 
$
7,093

Forfeited/Canceled
(148,942
)
 
27.50

 
 
 
 
Outstanding, March 31, 2011
1,397,556

 
$
22.20

 
 
 
 
Granted
459,400

 
43.04

 
 
 
 
Exercised
(697,157
)
 
18.34

 
 
 
$
17,698

Forfeited/Canceled
(171,462
)
 
36.66

 
 
 
 

Outstanding, March 31, 2012
988,337

 
$
32.09

 
5.4
 
 
Granted
556,500

 
27.78

 
7.2
 
 
Exercised
(56,366
)
 
16.81

 
0.3
 
$
82

Forfeited/Canceled
(329,288
)
 
31.42

 
5.8
 
 
Outstanding, March 31, 2013
1,159,183

 
$
30.54

 
5.5
 
$
31

Vested and expected to vest, March 31, 2013
1,096,365

 
$
30.98

 
5.5
 
$
31

Exercisable, March 31, 2013
354,843

 
$
27.72

 
3.3
 
$
29

Schedule of share based compensation valuation assumption
 
Year Ended
 
Year Ended
 
Year Ended
 
March 31, 2013
 
March 31, 2012
 
March 31, 2011
Expected life
 5.0 years
 
 4.3 years
 
 4.2 years
Expected volatility
41.3% - 45.1%
 
41.2%
 
42.6% - 44.7%
Expected dividends
2.4% - 4.0%
 
1.6%
 
1.9% - 2.2%
Risk-free rate
0.7% - 0.8%
 
1.8%
 
1.5% - 2.1%
Summary of stock options granted
Option Grant Date
 
Number of Shares
 
Exercise Price
 
Vesting
Terms (1)
 
Expires
January 23, 2013
 
40,000

 
$
19.00

 
Five years
 
January 23, 2021
November 5, 2012
 
5,000

 
$
17.68

 
Five years
 
November 5, 2020
September 25, 2012
 
20,000

 
$
18.42

 
Five years
 
September 25, 2020
May 24, 2012
 
346,000

 
$
29.17

 
Five years
 
May 24, 2020
May 24, 2012
 
30,000

 
$
29.17

 
Four years
 
May 24, 2020
May 23, 2012
 
115,500

 
$
29.45

 
Five years
 
May 23, 2020
Fiscal year 2013 option grants
 
556,500

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
May 31, 2011
 
459,400

 
$
43.04

 
Five years
 
May 31, 2019
Fiscal year 2012 option grants
 
459,400

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
November 29, 2010
 
20,000

 
$
32.16

 
Five years
 
November 29, 2018
August 3, 2010
 
10,000

 
$
27.62

 
Five years
 
August 3, 2018
June 4, 2010
 
50,000

 
$
28.15

 
Five years
 
June 4, 2018
June 2, 2010
 
30,000

 
$
29.31

 
Five years
 
June 2, 2018
Fiscal year 2011 option grants
 
110,000

 
 
 
 
 
 
Schedule of performance based awards under incentive plan
 
Year Ended
March 31, 2013
 
Year Ended
March 31, 2012
 
Year Ended
March 31, 2011
Expected life
 5.0 years
 
 4.3 years
 
 4.3 years
Expected volatility
41.7% - 45.0%
 
41.2% - 42.2%
 
41.6%
Expected dividends
2.5% - 4.0%
 
1.4% - 1.9%
 
1.5%
Risk-free rate
0.6% - 0.7%
 
0.8 % - 1.8%
 
2.2%
Schedule of employee stock options and performance based awards by nonvested stock options
 
Non-Vested
Number of
Shares
 
Weighted-
Average
Grant-Date
Fair Value
per Share
Outstanding, March 31, 2010
1,221,672

 
$
7.63

Granted
110,000

 
9.24

Vested
(379,694
)
 
6.43

Forfeited/Canceled
(148,942
)
 
9.41

Outstanding, March 31, 2011
803,036

 
$
8.08

Granted
459,400

 
13.32

Vested
(312,655
)
 
7.22

Forfeited/Canceled
(171,462
)
 
11.55

Outstanding, March 31, 2012
778,319

 
$
10.76

Granted
556,500

 
8.22

Vested
(201,191
)
 
8.43

Forfeited/Canceled
(329,288
)
 
9.92

Outstanding, March 31, 2013
804,340

 
$
9.89

Restricted stock units award activity
 
Number of
Shares
 
Weighted-
Average
Grant-Date
Fair Value
per Share
Outstanding, March 31, 2010
16,000

 
$
26.93

Granted
18,292

 
27.31

Vested
(11,396
)
 
27.22

Outstanding, March 31, 2011
22,896

 
$
27.09

Granted
22,668

 
39.75

Vested
(15,563
)
 
27.51

Outstanding, March 31, 2012
30,001

 
$
36.32

Granted
18,939

 
19.32

Vested
(18,555
)
 
32.14

Outstanding, March 31, 2013
30,385

 
$
27.09