The following table summarizes our stock based grants:



	Three Months Ended		Nine Months Ended
	December 31, 2014		December 31, 2014
Option grant:
Shares granted from 2011 Incentive Plan to non-executive director	—		5,267
Fair market value per share on date of grant	$	—	$	46.92
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 2015	$	—	$	64
Expense recognized as a component of operating expenses	$	27	$	36

Restricted Stock (“RSU”) grants:
Units granted from 2011 Incentive Plan	68,522		598,052
Vesting period, in years - high	10		10
Vesting period, in years - low	5		1
Compensation information related to RSUs granted in period (in thousands):
Total fair market value, recognized over vesting period	$	5,553	$	31,614
Total expected expense to be recognized in Fiscal 2015	$	233	$	2,858
Expense recognized as a component of operating expenses	$	52	$	1,799
Expense capitalized in property and equipment, net ⁽²⁾	$	3	$	81

RSUs vesting in period:	21,025		108,293
Shares withheld in payment for taxes associated with vested RSUs	7,991		49,196

DSU grants:
Units granted from 2011 Incentive Plan to non-executive directors	—		14,917
Vesting period, in years			1
Compensation information related to DSUs granted in period (in thousands):
Total fair market value, recognized over vesting period			$	700
Total expected expense to be recognized in Fiscal 2015			$	445
Expense recognized as a component of operating expenses	$	191	$	255

DSUs converted to common shares in period	—		30,581

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

(2) 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.