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Share-based Compensation (Tables)
12 Months Ended
Mar. 31, 2019
Share-based Payment Arrangement, Noncash Expense [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 2019, 2018 and 2017:
 
Year ended March 31,
(In thousands)
2019
 
2018
 
2017
Product development
$
1,478

 
$
1,306

 
$
1,545

Sales and marketing
469

 
371

 
360

General and administrative
2,429

 
3,011

 
522

Total share-based compensation expense
$
4,376

 
$
4,688

 
$
2,427

Activity related stock options award
 
Year ended March 31,
(In thousands)
2019
 
2018
 
2017
Product development
$
1,478

 
$
1,306

 
$
1,545

Sales and marketing
469

 
371

 
360

General and administrative
2,429

 
3,011

 
522

Total share-based compensation expense
$
4,376

 
$
4,688

 
$
2,427

Schedule additional information related to stock option activity
 
Year ended March 31,
(In thousands)
2019
 
2018
 
2017
Product development
$
1,478

 
$
1,306

 
$
1,545

Sales and marketing
469

 
371

 
360

General and administrative
2,429

 
3,011

 
522

Total share-based compensation expense
$
4,376

 
$
4,688

 
$
2,427

Schedule of principal assumptions utilized in valuing SSARs
The following table summarizes the principal assumptions utilized in valuing SSARs granted in fiscal 2019, 2018 and 2017:
 
2019
2018
2017
Risk-free interest rate
2.68%
1.74%-1.94%
0.94%-2.14%
Expected life (in years)
5
5
5
Expected volatility
32.42%
32.42% - 32.84%
35.25%-40.22%
Weighted average grant date fair value
$4.72
$3.36
$3.69
Activity related SSARs award
The following table presents additional information related to SSARs activity during fiscal 2019, 2018 and 2017:
(In thousands)
2019
2018
2017
Compensation expense
$
943

$
1,869

$
621

Total intrinsic value of SSARs exercised
$
907

$
88

$
360

Total fair value of SSARs vesting
$
1,165

$
1,325

$
497

The following table summarizes the activity during fiscal 2019 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, 2018
1,103,160

 
$
10.60

 
 
 
 
Granted
158,244

 
14.22

 
 
 
 
Exercised
(193,819
)
 
10.20

 
 
 
 
Forfeited
(44,804
)
 
10.91

 
 
 
 
Cancelled/expired
(6,138
)
 
10.62

 
 
 
 
Outstanding at March 31, 2019
1,016,643

 
$
11.22

 
4.8
 
$
7,251

Exercisable at March 31, 2019
707,950

 
$
10.93

 
4.5
 
$
7,251

Vested and expected to vest at March 31, 2019
1,016,643

 
$
11.22

 
4.5
 
$
10,111

Activity related to restricted shares awarded by the Company
The following table summarizes the activity during the twelve months ended March 31, 2019 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, 2018
243,354

 
$
10.78

Granted
265,452

 
14.66
Vested
(197,917
)
 
12.74
Forfeited
(73,743
)
 
11.3
Outstanding at March 31, 2019
237,146

 
$
13.46

The following table presents additional information related to restricted stock activity during fiscal years 2019, 2018, and 2017:
(In thousands)
2019
2018
2017
Compensation expense
$
2,803

$
2,594

$
1,770

Total fair value of restricted share vesting
$
4,383

$
4,315

$
1,182

Performance shares awarded by the Company
The following table summarizes the activity during fiscal 2019 for performance shares awarded under the 2016 Plan:
 
Number
of
Shares
 
Weighted-
Average
Grant-
Date Fair
Value
 
 
 
(per share)
Outstanding at April 1, 2018
91,463

 
$
9.84

Granted
63,291

 
14.22

Vested
(15,822
)
 
$
9.84

Forfeited
(75,641
)
 
$
9.84

Outstanding at March 31, 2019
63,291

 
$
14.22

Schedule of additional information related to performance share activity
The following table presents additional information related to performance share activity during the fiscal 2019, 2018, and 2017:
(In thousands)
2019
2018
2017
Compensation expense
$
630

$
225

$
36

Total fair value of performance share vesting
$
243

$

83