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Share-based Compensation (Tables)
6 Months Ended
Sep. 30, 2020
Share Based Compensation [Abstract]  
Summary of share-based compensation expense for options

The following table summarizes the share-based compensation expense for SSARs, restricted and performance awards included in the condensed consolidated statements of operations:

 

 

 

Three Months Ended

September 30,

 

 

Six Months Ended

September 30,

 

(In thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Product development

 

$

239

 

 

$

672

 

 

$

411

 

 

$

940

 

Sales and marketing

 

 

34

 

 

 

51

 

 

 

70

 

 

 

113

 

General and administrative

 

 

983

 

 

 

622

 

 

 

2,201

 

 

 

774

 

Total share-based compensation expense

 

$

1,256

 

 

$

1,345

 

 

$

2,682

 

 

$

1,827

 

 

Activity related SSARs award

The following table summarizes the activity during the six months ended September 30, 2020 for SSARs awarded under the 2011 and 2016 Plans:

 

 

 

Number of

Rights

 

 

Weighted-Average Exercise Price

 

 

Remaining

Contractual Term

 

 

Aggregate

Intrinsic Value

 

(In thousands, except share and per share data)

 

 

 

 

 

(per right)

 

 

(in years)

 

 

 

 

 

Outstanding at April 1, 2020

 

 

1,644,888

 

 

$

21.07

 

 

 

 

 

 

 

 

 

Exercised

 

 

(63,872

)

 

 

11.64

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(11,430

)

 

 

18.65

 

 

 

 

 

 

 

 

 

Expired

 

 

(1,522

)

 

 

14.22

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2020

 

 

1,568,064

 

 

$

21.48

 

 

 

4.4

 

 

$

11,674

 

Exercisable at September 30, 2020

 

 

973,110

 

 

$

13.82

 

 

 

3.7

 

 

$

11,214

 

Vested and expected to vest at September 30, 2020

 

 

1,568,064

 

 

$

21.48

 

 

 

4.4

 

 

$

11,674

 

 

Activity related to restricted shares awarded by the Company The following table summarizes the activity during the six months ended September 30, 2020 for restricted shares awarded under the 2011 and 2016 Plans:

 

 

 

Number of Shares

 

 

Weighted-Average Grant-Date Fair Value

 

(In thousands, except share and per share data)

 

 

 

 

 

(per share)

 

Outstanding at April 1, 2020

 

 

178,462

 

 

$

19.89

 

Forfeited

 

 

(17,420

)

 

 

19.03

 

Outstanding at September 30, 2020

 

 

161,042

 

 

$

19.98

 

 

Performance shares awarded

The following table summarizes the activity during the six months ended September 30, 2020 for the performance shares awarded under the 2016 Plan:

 

(In thousands, except share and per share data)

 

Number of Shares

 

Outstanding at April 1, 2020

 

 

30,120

 

Granted

 

 

 

Vested

 

 

(6,714

)

Forfeited

 

 

(23,406

)

Outstanding at September 30, 2020