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Incentive Compensation Plans (Tables)
 12 Months Ended
Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule Common Stock Available for Grant
The following table details the shares of common stock available for grant under the Incentive Plan as of March 31, 2014.
 
Shares

Shares authorized under the incentive plan on August 12, 2008
900,000

Shares authorized under the incentive plan on August 6, 2013 1
1,000,000

Number of shares that were available for the grant of stock options under the Employee Plan and the Director Plan on August 12, 2008, the Effective Date
888,087

Number of shares subject to stock options outstanding under the Employee Plan and the Director Plan on August 12, 2008, the Effective Date, that were forfeited or cancelled, prior to exercise, through March 31, 2014
2,020,824

Shares authorized for grant under the Incentive Plan as of March 31, 2014
4,808,911

Shares available for grant under the Incentive Plan as of March 31, 2014 2
1,839,870

1 On August 6, 2013, the Company's Stockholders approved amendments to the Incentive Plan, including an increase to the number of shares available for grant under the Incentive Plan by 1,000,000.
2 The aggregate number of shares available for issuance is reduced by 1.87 shares for each issuance of a full value award (e.g., restricted stock units and performance share awards). The shares available for grant assume a 100% payout on outstanding performance share awards. Actual payout could range from 0% - 150% or 200% depending on performance goal resulting in shares available for grant from 2,317,588 to 1,490,230.
Schedule of Stock Options, Valuation Assumptions
The fair value of stock options is estimated on the grant date using the Black-Scholes option pricing model which includes the following weighted-average assumptions.
 
Fiscal
 
2014

2013

2012

Expected life (in years)
6.8

7.0

4.8

Risk free interest rate
1.3
%
0.8
%
1.7
%
Annual forfeiture rate
2.5
%
2.0
%
2.1
%
Expected Volatility
42.3
%
44.6
%
45.3
%
Dividend yield
1.3
%
1.0
%
0.7
%
Schedule of Stock Options, Activity
The following table summarizes the Company’s stock option activity:
 
Shares
(in 000’s)

Weighted-
Average
Exercise
Price

Weighted-Average Remaining Contractual Life (Years)
Intrinsic
Value
(000’s)

Outstanding at March 31, 2013
2,535

$
34.02

 
 
Granted
158

26.19

 
 
Exercised
(35
)
28.35

 
 
Forfeited or cancelled
(641
)
35.94

 
 
Outstanding at March 31, 2014
2,018

$
32.89

3.7
$
283

Exercisable at March 31, 2014
1,760

$
33.93

2.9
$
127
Schedule of Stock Options, Nonvested Share Activity
The following table summarizes certain information regarding the Company’s non-vested stock options:
 
Shares (in 000’s)

Weighted-Average Grant-Date Fair Value

March 31, 2013
348

$
10.57

Granted
158

10.06

Vested
(179
)
11.04

Forfeited
(69
)
10.08

March 31, 2014
258

$
10.07
Schedule of Restricted Stock Units, Activity
The following table summarizes the Company’s restricted stock unit activity:
 
Shares
(in 000’s)

Weighted-Average Grant-Date Fair Value

March 31, 2013
335

$
26.48

Granted
169

26.19

Vested
(183
)
27.57

Forfeited
(32
)
25.47

March 31, 2014
289

$
25.73
Schedule of Performance Share Units, Valuation Assumptions
The fair value of performance share awards (subject to the Company’s Relative TSR Ranking) is estimated on the grant date using the Monte-Carlo simulation valuation method which includes the following weighted-average assumptions.
 
Fiscal
 
2014

2013

2012

Risk free interest rate
0.4
%
0.4
%
0.9
%
Expected Volatility
41.1
%
41.3
%
50.8
%
Dividend yield
1.3
%
1.0
%
0.7
%
Schedule of Performance Share Units, Activity
The following table summarizes the Company’s performance share award activity:
 
Shares
(in 000’s)

Weighted-
Average Grant-
Date Fair Value

March 31, 2013
275

$
29.39

Granted
92

28.92

Vested
(21
)
30.72

Forfeited
(91
)
30.67

March 31, 2014
255

$
28.66