Stock-based Compensation (Tables)

6 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

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

On May 18, 2019, the Company granted RSUs under the 2020/2021 LTIP with a grant date fair value of $18.15 per share that vest as follows (amounts in thousands):



	Shares
May 18, 2020	66
May 18, 2021	140
May 18, 2022	142
Total RSUs granted ⁽¹⁾	348

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⁽¹⁾ RSUs granted include time-based and performance-based RSUs. Therefore, the granted performance-based RSUs included above are an estimate based upon current performance expectations. The final number of RSUs granted depends on the achievement of performance metrics.

The following is the vesting schedule of RSUs under each respective LTIP, that vested during the six months ended September 30, 2019 (shares in thousands):



	2019/2020	2018/2019	2017/2018
Time-based award vested	53	58	156
Performance-based award vested	—	—	—

RSU activity, including performance-based and time-based LTIP activity, for the six months ended September 30, 2019 is as follows (amounts in thousands except fair value):



	Shares		Weighted- average Fair Value on Grant Date
Non-vested RSUs at March 31, 2019	1,415		$	15.19
Granted	409		18.39
Vested	(365	)	10.87
Forfeited	(10	)	15.73
Non-vested RSUs at September 30, 2019	1,449		$	17.18

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

The expense associated with stock-based compensation for the three months ended September 30, 2019 and 2018 is recorded on the Condensed Consolidated Statements of Operations as follows (amounts in thousands):



	Three Months Ended September 30, 2019						Three Months Ended September 30, 2018
	Stock Options		RSUs		LTIPs		Stock Options		RSUs		LTIPs
Cost of sales	$	—	$	495	$	487	$	—	$	351	$	335
Selling, general and administrative expenses	—		2,175		872		—		2,807		840
Research and development	—		35		82		—		17		67
Total	$	—	$	2,705	$	1,441	$	—	$	3,175	$	1,242

The expense associated with stock-based compensation for the six months ended September 30, 2019 and 2018 is recorded on the Condensed Consolidated Statements of Operations as follows (amounts in thousands):



	Six Months Ended September 30, 2019						Six Months Ended September 30, 2018
	Stock Options		Restricted Stock		LTIPs		Stock Options		Restricted Stock		LTIPs
Cost of sales	$	—	$	985	$	871	$	—	$	701	$	574
Selling, general and administrative expenses	—		3,179		1,603		—		5,688		1,361
Research and development	—		70		163		—		32		121
Total	$	—	$	4,234	$	2,637	$	—	$	6,421	$	2,056