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Share Based Awards (Tables)
 12 Months Ended
Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of stock option activity
A summary of stock option transactions during the years ended March 31, 2016, 2015 and 2014 is as follows:
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
per Share
 
Weighted-
Average
Remaining
Contractual
Life (years)
 
Aggregate
Intrinsic
Value
(in thousands)
Outstanding, March 31, 2013
1,159,183

 
$
30.54

 
 
 
 
Granted
469,000

 
18.78

 
 
 
 
Exercised
(111,272
)
 
19.78

 
 
 
$
264

Forfeited/Canceled
(146,810
)
 
30.28

 
 
 
 
Outstanding, March 31, 2014
1,370,101

 
$
15.97

 
 
 
 
Granted
469,650

 
—

 
 
 
 
Forfeited/Canceled
(203,575
)
 


 
 
 
 

Outstanding, March 31, 2015
1,636,176

 
$
24.82

 
5.5
 
 
Granted
1,414,000

 
15.51

 
7.6
 
 
Exercised
(800
)
 
15.99

 
6.2
 
$
1

Forfeited/Canceled
(572,090
)
 
24.65

 
4.6
 
 
Expired
(30,000
)
 
22.81

 
 
 
 
Outstanding, March 31, 2016
2,447,286

 
$
19.55

 
6.3
 
$
574

Vested and expected to vest, March 31, 2016
2,223,978

 
$
19.83

 
6.2
 
$
505

Exercisable, March 31, 2016
587,536

 
$
28.21

 
3.9
 
$
—
Schedule of share based compensation valuation assumption
The Company utilizes the Black-Scholes valuation model for estimating the fair value of stock options and related share-based compensation with the following assumptions:
 
Year Ended
 
Year Ended
 
Year Ended
 
March 31, 2016
 
March 31, 2015
 
March 31, 2014
Expected term
3.8 - 3.9 years
 
4.8 years
 
4.9 years
Expected volatility
38.3% - 41.1%
 
36.1% - 36.6%
 
43.4% - 43.7%
Expected dividends
0.0% - 5.3%
 
4.3% - 4.4%
 
3.1% - 3.9%
Risk-free rate
1.1% - 1.6%
 
1.6% - 1.7%
 
1.0% - 1.5%
Summary of stock options granted
A summary of stock options granted during the years ended March 31, 2016, 2015 and 2014 is as follows:
Option Grant Date
 
Number of Shares
 
Exercise Price
 
Vesting
Terms (1)
 
Expires
March 1, 2016
 
450,000

 
$
15.60

 
Four years
 
March 1, 2024
February 1, 2016
 
200,000

 
$
14.20

 
Four years
 
February 1, 2024
January 4, 2016
 
200,000

 
$
16.85

 
(2)
 
January 4, 2024
August 17, 2015
 
150,000

 
$
12.80

 
(3)
 
August 17, 2023
May 22, 2015
 
414,000

 
$
16.64

 
Five years
 
May 22, 2023
Fiscal year 2016 option grants
 
1,414,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 11, 2015
 
10,000

 
$
15.84

 
Five years
 
March 11, 2023
September 2, 2014
 
20,000

 
$
15.63

 
Five years
 
September 2, 2022
June 3, 2014
 
439,650

 
$
15.99

 
Five years
 
June 3, 2022
Fiscal year 2015 option grants
 
469,650

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
August 15, 2013
 
85,000

 
$
20.85

 
Five years
 
August 15, 2021
July 30, 2013
 
28,000

 
$
22.59

 
Five years
 
July 30, 2021
May 29, 2013
 
356,000

 
$
17.95

 
Five years
 
May 29, 2021
Fiscal year 2014 option grants
 
469,000

 
 
 
 
 
 
Schedule of performance based awards under incentive plan
 
Year Ended
March 31, 2016
 
Year Ended
March 31, 2015
 
Year Ended
March 31, 2014
Expected life
 3.8 - 4.0 years
 
 4.8 years
 
  4.9 years
Expected volatility
37.7% - 40.8%
 
35.9% - 36.5%
 
36.9% - 43.5%
Expected dividends
0.0% - 5.5%
 
4.3% - 5.0%
 
3.2% - 4.1%
Risk-free rate
1.0% - 1.6%
 
1.4% - 1.8%
 
1.4% - 1.8%
Schedule of employee stock options and performance based awards by nonvested stock options
Non-vested stock option award activity, including employee stock options and performance-based awards, during the years ended March 31, 2016, 2015 and 2014 is summarized as follows:
 
Non-Vested
Number of
Shares
 
Weighted-
Average
Grant-Date
Fair Value
per Share
Outstanding, March 31, 2013
804,340

 
$
9.89

Granted
469,000

 
5.20

Vested
(134,970
)
 
9.30

Forfeited/Canceled
(146,810
)
 
9.33

Outstanding, March 31, 2014
991,560

 
$
7.73

Granted
469,650

 
3.50

Vested
(269,785
)
 
8.24

Forfeited/Canceled
(123,135
)
 
6.57

Outstanding, March 31, 2015
1,068,290

 
$
5.81

Granted
1,414,000

 
4.44

Vested
(311,740
)
 
5.44

Forfeited/Canceled
(310,800
)
 
5.45

Outstanding, March 31, 2016
1,859,750

 
$
4.67
Restricted stock units award activity
Restricted stock activity for the years ended March 31, 2016, 2015 and 2014 is summarized as follows:
 
Number of
Shares
 
Weighted-
Average
Grant-Date
Fair Value
per Share
Outstanding, March 31, 2013
30,385

 
$
27.09

Granted
57,324

 
20.75

Vested
(16,302
)
 
30.64

Canceled
(6,836
)
 
22.59

Outstanding, March 31, 2014
64,571

 
$
20.74

Granted
48,414

 
15.77

Vested
(34,780
)
 
21.33

Outstanding, March 31, 2015
78,205

 
17.94

Granted
165,634

 
14.06

Vested
(51,092
)
 
20.14

Canceled
(1,500
)
 
17.95

Outstanding, March 31, 2016
191,247

 
$
14.44