Stock-based Compensation (Tables)

9 Months Ended

Dec. 30, 2017

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
	2017		2016
Expected life (in years)	6.1		6.8
Risk-free interest rate	2.1	%	1.6	%
Annual forfeiture rate	2.8	%	1.8	%
Expected volatility	45.6	%	41.7	%
Dividend yield	3.7	%	3.1	%

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, 2017	1,080		$	21.84
Granted	634		7.91
Exercised	—		—
Forfeited or cancelled	(519	)	12.16
December 31, 2017	1,195		$	18.65	5.1	$	8
Exercisable	720		$	25.06	2.4	$	—

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, 2017	419		$	4.45
Granted	634		2.48
Vested	(159	)	4.99
Forfeited	(418	)	3.05
December 31, 2017	476		$	2.87

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, 2017	340		$	14.24
Granted	430		7.92
Vested	(225	)	12.40
Forfeited	(132	)	10.97
December 31, 2017	413		$	9.71

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
	2017		2016
Risk-free interest rate	1.4	%	0.9	%
Expected volatility	46.7	%	45.1	%
Dividend yield	3.9	%	3.4	%

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, 2017	319		$	15.93
Granted	309		8.26
Vested	(68	)	23.05
Forfeited	(191	)	10.55
December 31, 2017	369		$	10.98