Stock-based Compensation (Tables)

6 Months Ended

Oct. 01, 2016

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.

	Six-months ended
	September 30
	2016		2015
Expected life (in years)	6.8		7.5
Risk free interest rate	1.6	%	2.0	%
Annual forfeiture rate	1.8	%	1.5	%
Expected Volatility	41.7	%	43.9	%
Dividend yield	3.1	%	1.8	%

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)
March 31, 2016	1,269		$	27.86
Granted	381		11.99
Exercised	—		—
Forfeited or cancelled	(415	)	30.14
September 30, 2016	1,235		$	22.20	5.5	$	728
Exercisable	776		$	27.42	3.2	$	—

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, 2016	281		$	8.63
Granted	381		3.74
Vested	(133	)	9.00
Forfeited	(70	)	8.31
September 30, 2016	459		$	4.51

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, 2016	276		$	19.99
Granted	292		12.08
Vested	(170	)	18.67
Forfeited	(28	)	19.73
September 30, 2016	370		$	14.36

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.

	Six-months ended
	September 30
	2016		2015
Risk free interest rate	0.9	%	0.9	%
Expected Volatility	45.1	%	39.9	%
Dividend yield	3.4	%	2.0	%

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, 2016	260		$	23.14
Granted	198		11.99
Vested	—		—
Forfeited	(109	)	25.70
September 30, 2016	349		$	16.02