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Stock-Based Compensation (Tables)
6 Months Ended
Sep. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock-Based Compensation Expense

The Company accounts for its stock-based compensation at fair value. The following table summarizes stock-based compensation expense by financial statement line item for the three and six months ended September 30, 2015 and 2014 (in thousands):

 

 

Three months ended September 30,

 

 

Six months ended September 30,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Cost of revenues

$

61

 

 

$

194

 

 

$

158

 

 

$

346

 

Research and development

 

87

 

 

 

521

 

 

 

283

 

 

 

1,000

 

Selling, general and administrative

 

558

 

 

 

803

 

 

 

1,393

 

 

 

1,753

 

Total

$

706

 

 

$

1,518

 

 

$

1,834

 

 

$

3,099

 

 

Schedule of Weighted Average Assumptions used in Black-Scholes Valuation Model for Stock Options Granted

The weighted average assumptions used in the Black-Scholes valuation model for stock options granted during the three and six months ended September 30, 2015 and 2014 are as follows:

 

 

Three months ended September 30,

 

Six months ended September 30,

 

 

2015

 

2014

 

2015

 

2014

 

Expected volatility

N/A

 

N/A

 

N/A

 

 

85.5

%

Risk-free interest rate

N/A

 

N/A

 

N/A

 

 

1.9

%

Expected life (years)

N/A

 

N/A

 

N/A

 

 

5.8

 

Dividend yield

None

 

None

 

None

 

None