Stock-based Compensation (Tables)

9 Months Ended

Dec. 31, 2016

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

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

On May 18, 2016, the Company granted RSUs under the 2017/2018 LTIP with a grant date fair value of $2.46 that vests as follows (amounts in thousands):



	Shares
May 18, 2017	202
May 18, 2018	202
May 18, 2019	209
Total shares granted	613

The following is the vesting schedule of RSUs under each respective LTIP, which vested during the nine-month period ended December 31, 2016 (shares in thousands):



	2016/2017	2015/2016	2014/2015
Time-based award vested	187	111	130
Performance-based award vested	—	103	73

Restricted stock activity, excluding the LTIP activity discussed above, for the nine-month period ended December 31, 2016 is as follows (amounts in thousands except fair value):



	Shares		Weighted- average Fair Value on Grant Date
Non-vested restricted stock at March 31, 2016	1,430		$	3.51
Granted	381		4.82
Vested	(328	)	3.06
Forfeited	(20	)	3.19
Non-vested restricted stock at December 31, 2016	1,463		$	5.21

Schedule of the compensation expense (recovery) associated with stock-based compensation

The compensation expense associated with stock-based compensation for the quarters ended December 31, 2016 and 2015 is recorded on the Condensed Consolidated Statements of Operations as follows (amounts in thousands):



	Quarter Ended December 31, 2016						Quarter Ended December 31, 2015
	Stock Options		Restricted Stock		LTIPs		Stock Options		Restricted Stock		LTIPs
Cost of sales	$	3	$	127	$	178	$	11	$	130	$	127
Selling, general and administrative expenses	4		379		402		11		340		474
Research and development	—		5		41		1		6		54
Total	$	7	$	511	$	621	$	23	$	476	$	655

The compensation expense associated with stock-based compensation for the nine-month periods ended December 31, 2016 and 2015 is recorded on the Condensed Consolidated Statements of Operations as follows (amounts in thousands):



	Nine-Month Period Ended December 31, 2016						Nine-Month Period Ended December 31, 2015
	Stock Options		Restricted Stock		LTIPs		Stock Options		Restricted Stock		LTIPs
Cost of sales	$	21	$	415	$	557	$	72	$	444	$	624
Selling, general and administrative expenses	20		1,072		1,232		79		1,033		1,365
Research and development	1		15		138		4		17		123
Total	$	42	$	1,502	$	1,927	$	155	$	1,494	$	2,112