Stock-Based Compensation

6 Months Ended

Sep. 30, 2012

Share-based Compensation [Abstract]

Stock-Based Compensation

Stock-Based Compensation

The following table summarizes our stock based grants:

	Three Months Ended		Six Months Ended
	September 30, 2012		September 30, 2012
Option grants:
Shares granted from 2011 Incentive Plan	16,674		907,174
Fair market value on date of grant - high	$	17.64	$	20.18
Fair market value on date of grant - low	$	16.97	$	16.97
Expiration period, in years	10		10
Vesting period, in years	5		5
Compensation information related to options granted in period(1) (in thousands):
Total valuation, recognized over vesting period	$	112	$	8,410
Total expected expense to be recognized in Fiscal 2013	$	65	$	1,696
Expense recognized as a component of selling and administrative expense	$	9	$	815
Expense capitalized in property and equipment, net (2)	$	—	$	116
DSUs:
Units granted from 2011 Incentive Plan to non-executive directors	34,014		34,014
Vesting period, in months	11		11
Compensation information related to DSUs granted in period (in thousands):
Total fair market value, recognized over vesting period	$	600	$	600
Total expected expense to be recognized in Fiscal 2013	$	382	$	382
Expense recognized as a component of selling and administrative expense	$	55	$	55

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

(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.

Cancellation of Performance-Based Stock Options

During the first quarter of Fiscal 2013, the Compensation Committee of our Board of Directors determined that performance requirements relating to vesting of certain stock-based awards would not be achieved. Accordingly, 47,450 performance-based stock option awards were canceled at the direction of our Board of Directors. The cancellation of these awards had no effect on our results of operations.