Stock-based Compensation (Tables)

9 Months Ended

Dec. 26, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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.

	Nine-months ended
	December 31
	2015		2014
Expected life (in years)	7.5		7.7
Risk free interest rate	2.0	%	2.3	%
Annual forfeiture rate	1.5	%	1.5	%
Expected Volatility	43.9	%	45.1	%
Dividend yield	1.8	%	1.3	%

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, 2015	1,844		$	31.65
Granted	160		19.51
Exercised	—		—
Forfeited or cancelled	(731	)	35.52
Outstanding at December 31, 2015	1,273		$	27.90	4.3	$	—
Exercisable at December 31, 2015	992		$	29.83	3.1	$	—

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, 2015	290		$	9.68
Granted	160		7.79
Vested	(135	)	9.62
Forfeited	(34	)	9.74
December 31, 2015	281		$	8.63

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, 2015	262		$	23.34
Granted	170		19.53
Vested	(162	)	22.64
Forfeited	(27	)	22.83
December 31, 2015	243		$	21.20

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.

	Nine-months ended
	December 31
	2015		2014
Risk free interest rate	0.9	%	0.8	%
Expected Volatility	39.9	%	44.7	%
Dividend yield	2.0	%	1.3	%

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, 2015	275		$	24.69
Granted	106		19.56
Vested	—		—
Forfeited	(121	)	23.53
December 31, 2015	260		$	23.14