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Share-based Compensation (Tables)
12 Months Ended
Mar. 31, 2017
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 2017, 2016 and 2015:
 
Year ended March 31,
(In thousands)
2017
 
2016
 
2015
Product development
$
1,545

 
$
1,183

 
$
1,168

Sales and marketing
360

 
68

 
135

General and administrative
522

 
2,154

 
1,837

Total share-based compensation expense
$
2,427

 
$
3,405

 
$
3,140

Activity related stock options award
The following table summarizes the activity during fiscal 2017 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, 2016
545,000

 
$
15.54

 
 
 
 
Granted

 

 
 
 
 
     Exercised

 

 
 
 
 
     Cancelled/expired
(545,000
)
 
(15.54
)
 
 
 
 
Outstanding and exercisable at March 31, 2017

 
$

 
0.0
 
$

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, 2017, 2016 and 2015:
(In thousands)
2017
2016
2015
Proceeds from stock options exercised
$

$

$
102

Total intrinsic value of stock options exercised
$

$

$
4

Schedule of principal assumptions utilized in valuing SSARs
The following table summarizes the principal assumptions utilized in valuing SSARs granted in fiscal 2017, 2016 and 2015:
 
2017
2016
2015
Risk-free interest rate
0.94%-2.14%
1.53%-1.61%
1.52%
Expected life (in years)
5
5
5
Expected volatility
35.25%-40.22%
46.34%-47.25%
82.56%
Weighted average grant date fair value
$3.69
$3.95
$7.23
Activity related SSARs award
The following table summarizes the activity during fiscal 2017 for SSARs awarded under the 2016 and 2011 Plans:
(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, 2016
794,365

 
$
10.06

 
 
 
 
Granted
694,231

 
10.77

 
 
 
 
Exercised
(136,035
)
 
8.07

 
 
 
 
Forfeited
(142,276
)
 
10.10

 
 
 
 
Cancelled/expired
(115,307
)
 
12.96

 
 
 
 
Outstanding at March 31, 2017
1,094,978

 
$
10.44

 
5.8
 
$
140

Exercisable at March 31, 2017
341,434

 
$
10.03

 
4.2
 
$
130

Vested and expected to vest at March 31, 2017
959,927

 
$
10.42

 
5.8
 
$
139

The following table presents additional information related to SSARs activity during fiscal 2017, 2016 and 2015:
(In thousands)
2017
2016
2015
Compensation expense
$
621

$
1,200

$
792

Total intrinsic value of SSARs exercised
$
360

$
32

$
96

Total fair value of SSARs vesting
$
497

$
1,069

$
779

Activity related to restricted shares awarded by the Company
The following table presents additional information related to restricted stock activity during fiscal years 2017, 2016, and 2015:
(In thousands)
2017
2016
2015
Compensation expense
$
1,770

$
2,167

$
2,348

Total fair value of restricted share vesting
$
1,182

$
1,638

$
1,572

The following table summarizes the activity during the twelve months ended March 31, 2017 for restricted shares awarded under the 2016 and 2011 Plans:
 
Number
of Shares
 
Weighted-
Average
Grant-
Date Fair
Value
 
 
 
(per share)
Outstanding at April 1, 2016
335,773

 
$
12.06

Granted
428,382

 
10.27
Vested
(123,046
)
 
11.3
Forfeited
(150,754
)
 
11.93
Outstanding at March 31, 2017
490,355

 
$
10.72

Performance shares awarded by the Company
The following table summarizes the activity during fiscal 2017 for performance shares awarded under the 2011 Plan:
 
Number
of
Shares
 
Weighted-
Average
Grant-
Date Fair
Value
 
 
 
(per share)
Outstanding at April 1, 2016
7,812

 
$
9.60

Granted

 

Vested
(7,812
)
 
$
9.60

Outstanding at March 31, 2017

 
$

Schedule of additional information related to performance share activity
The following table presents additional information related to performance share activity during the fiscal 2017, 2016, and 2015:
(In thousands)
2017
2016
2015
Compensation expense
$
36

$
39

$
77

Total fair value of performance share vesting
$
83

$

174