Stock-Based Compensation

9 Months Ended

Dec. 31, 2013

The following table summarizes our stock based grants:



	Three Months Ended		Nine Months Ended
	December 31, 2013		December 31, 2013
Option grant:
Shares granted from 2011 Incentive Plan to non-executive director	—		11,625
Fair market value on date of grant	$	—	$	23.12
Expiration period, in years			10
Vesting period, in years			1
Compensation information related to option granted in period⁽¹⁾ (in thousands):
Total valuation, recognized over vesting period	$	—	$	100
Total expected expense to be recognized in Fiscal 2014	$	—	$	64
Expense recognized as a component of selling and administrative expense	$	27	$	36

Restricted Stock (“RSU”) grants:
Units granted from 2011 Incentive Plan	108,275		115,355
Vesting period, in years - high ⁽²⁾	5		5
Vesting period, in years - low ⁽³⁾	1		1
Compensation information related to RSUs granted in period (in thousands):
Total fair market value, recognized over vesting period	$	3,788	$	3,960
Total expected expense to be recognized in Fiscal 2014	$	462	$	498
Expense recognized as a component of selling and administrative expense	$	159	$	165
Expense capitalized in property and equipment, net ⁽⁴⁾	$	53	$	55

RSUs vesting in period:⁽⁵⁾	78,444		78,444
Additional compensation expense recorded for awards vesting prior to the completion of the initially estimated requisite service period, recognized as a component of selling and administrative expense (in thousands)	$	18	$	18
Additional compensation expense capitalized in property and equipment, net (in thousands) ⁽⁴⁾	$	12	$	12
Shares withheld in payment for taxes associated with vested RSUs	29,199		29,199

DSU grants:
Units granted from 2011 Incentive Plan to non-executive directors	—		29,609
Vesting period, in years			1
Compensation information related to DSUs granted in period (in thousands):
Total fair market value, recognized over vesting period	$	—	$	693
Total expected expense to be recognized in Fiscal 2014	$	—	$	437
Expense recognized as a component of selling and administrative expense	$	192	$	246

(1) Compensation amounts based on Black-Scholes valuation.

(2) Awards granted with this provision vest evenly at the end of each of the next five years.

(3) Award granted with this provision cliff vests at the end of one year.

(4) Amounts capitalized in accordance with our policies related to Capitalized Software as described in Note 2 of Notes to Consolidated Financial Statements in the Form 10-K.

(5) RSUs vested upon achieving conditions related to the trading price of our common stock.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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