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Share-based Compensation (Tables)
12 Months Ended
Mar. 31, 2014
Share-based Compensation [Abstract]  
Summary of share-based compensation expense for options
The following table summarizes the share-based compensation expense for options, SSARs, restricted and performance awards included in the Consolidated Statements of Operations for fiscal 2014, 2013 and 2012:
 
Year ended March 31,
(In thousands)
2014
 
2013
 
2012
Product development
$
700

 
$
475

 
$
64

Sales and marketing
90

 
65

 
65

General and administrative
1,329

 
1,098

 
2,268

Total share-based compensation expense
$
2,119

 
$
1,638

 
$
2,397

Activity related stock options award
The following table summarizes the activity during fiscal 2014 for stock options awarded under the 2006 Plan:
(In thousands, except share and per share data)
Number
of
Options
 
Weighted-
Average
Exercise
Price
 
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
 
 
 
(per share)
 
(in years)
 
 
Outstanding at April 1, 2013
1,318,000

 
$
14.07

 
 
 
 
Granted

 

 
 
 
 
     Exercised
(645,500
)
 
12.50

 
 
 
 
     Cancelled/expired
(45,000
)
 
20.19

 
 
 
 
Outstanding and exercisable at March 31, 2014
627,500

 
$
15.26

 
2.0
 
$
16

Schedule additional information related to stock option activity
The following table presents additional information related to stock option activity during the fiscal years ended March 31, 2014, 2013 and 2012:
(In thousands)
2014
2013
2012
Proceeds from stock options exercised
$
169

$
67

$
210

Total intrinsic value of stock options exercised
$
1,402

$
382

$
2,070

Schedule of principal assumptions utilized in valuing SSARs
The following table summarizes the principal assumptions utilized in valuing SSARs granted in fiscal 2014, 2013 and 2012:
 
2014
2013
2012
Risk-free interest rate
1.05%-1.39%
0.67%-0.89%
0.83%-2.09%
Expected life (in years)
5.0
5.0
4.5
Expected volatility
80.78%-80.93%
81.03%-83.77%
80.75%-82.20%
Weighted average grant date fair value
$7.96
$4.92
$4.73
Activity related SSARs award
The following table presents additional information related to SSARs activity during fiscal 2014, 2013 and 2012:
(In thousands)
2014
2013
2012
Compensation expense
$
611

$
595

$
1,422

Total intrinsic value of SSARs exercised
$
2,131

$
373

$
1,871

Total fair value of SSARs vesting
$
636

$
778

$
3,197

The following table summarizes the activity during fiscal 2014 for SSARs awarded under the 2011 Plan and the 2006 Plan:
(In thousands, except share and per share data)
Number
of Rights
 
Weighted-
Average
Exercise
Price
 
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
 
 
 
(per right)
 
(in years)
 
 
Outstanding at April 1, 2013
683,119

 
$
7.27

 
 
 
 
Granted
119,120

 
12.36

 
 
 
 
Exercised
(331,318
)
 
6.86

 
 
 
 
Forfeited
(149,905
)
 
8.51

 
 
 
 
Cancelled/expired
(4,181
)
 
7.37

 
 
 
 
Outstanding at March 31, 2014
316,835

 
$
9.02

 
5.4
 
$
1,388

Exercisable at March 31, 2014
194,023

 
$
8.46

 
5.2
 
$
959

Vested and expected to vest at March 31, 2014
296,192

 
$
8.94

 
5.3
 
$
1,321

Activity related to restricted shares awarded by the Company
The following table presents additional information related to restricted stock activity during fiscal years 2014, 2013, and 2012:
(In thousands)
2014
2013
2012
Compensation expense
$
1,486

$
989

$
975

Total fair value of restricted share vesting
$
1,579

$
1,099

$
976

The following table summarizes the activity during the twelve months ended March 31, 2014 for restricted shares awarded under the 2011 Plan:
 
Number
of Shares
 
Weighted-
Average
Grant-
Date Fair
Value
 
 
 
(per share)
Outstanding at April 1, 2013
122,039

 
$
7.99

Granted
192,275

 
12.33
Vested
(119,497
)
 
10.76
Forfeited
(56,768
)
 
10.23
Outstanding at March 31, 2014
138,049

 
$
10.71

Performance shares awarded by the Company
The following table summarizes the activity during fiscal 2014 for performance shares awarded under the 2011 Plan:
 
Number
of
Shares
 
Weighted-
Average
Grant-
Date Fair
Value
 
 
 
(per share)
Outstanding at April 1, 2013

 
$

Granted
17,728

 
8.64

Outstanding at March 31, 2014
17,728

 
$
8.64

Schedule of additional information related to performance share activity
The following table presents additional information related to performance share activity during the fiscal 2014, 2013, and 2012:
(In thousands)
2014
2013
2012
Compensation expense
$
22

$
54

$
104

Total fair value of performance share vesting
$

$

337