Stock-based Compensation (Tables)

6 Months Ended

Sep. 30, 2017

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

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

On May 18, 2017, the Company granted RSUs under the 2018/2019 LTIP with a grant date fair value of $13.41 that vest as follows (amounts in thousands):



	Shares
May 18, 2018	65
May 18, 2019	65
May 18, 2020	67
Total shares granted	197

The following is the vesting schedule of RSUs under each respective LTIP, which vested during the six-month period ended September 30, 2017 (shares in thousands):



	2017/2018	2016/2017	2015/2016
Time-based award vested	198	186	113
Performance-based award vested	—	173	102

Restricted stock activity, excluding the LTIP activity discussed above, for the six-month period ended September 30, 2017 is as follows (amounts in thousands except fair value):



	Shares		Weighted- average Fair Value on Grant Date
Non-vested restricted stock at March 31, 2017	1,382		$	4.00
Granted	343		18.97
Vested	(153	)	5.03
Forfeited	(30	)	4.13
Non-vested restricted stock at September 30, 2017	1,542		$	7.23

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

The compensation expense associated with stock-based compensation for the quarters ended September 30, 2017 and 2016 is recorded on the Condensed Consolidated Statements of Operations as follows (amounts in thousands):



	Quarter Ended September 30, 2017						Quarter Ended September 30, 2016
	Stock Options		Restricted Stock		LTIPs		Stock Options		Restricted Stock		LTIPs
Cost of sales	$	—	$	174	$	168	$	7	$	98	$	196
Selling, general and administrative expenses	—		726		416		7		343		404
Research and development	—		10		36		—		6		43
Total	$	—	$	910	$	620	$	14	$	447	$	643

The compensation expense associated with stock-based compensation for the six-month periods ended September 30, 2017 and 2016 is recorded on the Condensed Consolidated Statements of Operations as follows (amounts in thousands):



	Six-Month Period Ended September 30, 2017						Six-Month Period Ended September 30, 2016
	Stock Options		Restricted Stock		LTIPs		Stock Options		Restricted Stock		LTIPs
Cost of sales	$	—	$	338	$	314	$	18	$	288	$	379
Selling, general and administrative expenses	—		1,083		804		17		690		831
Research and development	—		19		73		1		11		97
Total	$	—	$	1,440	$	1,191	$	36	$	989	$	1,307