Share-Based Compensation

9 Months Ended

Dec. 31, 2012

Share-Based Compensation

(6) Share-Based Compensation

During the quarter and nine months ended December 31, 2012, we granted 2.2 million and 4.2 million nonvested stock units, respectively, at a weighted average grant date fair value of $40.44 and $41.96, respectively, consisting of both time-based and market-based awards, to our executive officers, non-executive employees and non-employee board members. Time-based nonvested stock units primarily vest in annual increments over one or three years. Market-based nonvested stock units vest in 50% increments over two- and three-year periods upon achievement of certain targets related to our relative shareholder return as compared to the NASDAQ-100 Index over each performance period.

During the quarter and nine months ended December 31, 2012, we issued 0.4 million and 1.4 million shares, respectively, of common stock related to exercises of stock options, and 1.3 million and 2.8 million shares, respectively, of common stock related to vesting of nonvested stock units.

At December 31, 2012, we had approximately $264.1 million of total unrecognized compensation costs related to share-based awards that are expected to be recognized as expense over a remaining weighted-average period of two years.

Share-based compensation expense as recorded in our condensed consolidated statements of comprehensive income is summarized as follows:

	Quarter Ended				Nine Months Ended
	December 31,				December 31,
	2012		2011		2012		2011
	(In millions)
Cost of license revenue	$	1.9	$	1.1	$	5.2	$	3.4
Cost of maintenance revenue		3.6		3.7		12.3		11.0
Cost of professional services revenue		1.5		1.4		4.6		3.9
Selling and marketing expenses		16.4		9.3		44.3		28.4
Research and development expenses		5.0		3.1		11.4		9.6
General and administrative expenses		13.1		12.5		38.1		36.4
Total share-based compensation expense	$	41.5	$	31.1	$	115.9	$	92.7