Capital Stock (Tables)

6 Months Ended

Sep. 30, 2014

Equity and Share-based Compensation [Abstract]

Common Shares Reserved For Future Issuance

The table below outlines common shares reserved for future issuance:



	September 30, 2014	March 31, 2014
	(Amounts in thousands)
Stock options outstanding, average exercise price $21.41 (March 31, 2014 - $20.83)	11,613	10,894
Restricted share units — unvested	1,771	2,139
Share purchase options and restricted share units available for future issuance	9,140	3,471
Shares issuable upon conversion of October 2004 2.9375% Notes at conversion price of $11.46 per share at March 31, 2014	—	10
Shares issuable upon conversion of April 2009 3.625% Notes at conversion price of $8.19 per share (March 31, 2014 - $8.22)	3,537	4,893
Shares issuable upon conversion of January 2012 4.00% Notes at conversion price of $10.42 per share (March 31, 2014 - $10.46)	4,016	4,001
Shares issuable upon conversion of April 2013 1.25% Notes at conversion price of $29.78 per share (March 31, 2014 - $29.89)	2,015	2,007
Shares reserved for future issuance	32,092	27,415

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

Share-Based Compensation Expense

The Company recognized the following share-based compensation expense during the three and six months ended September 30, 2014, and 2013:



	Three Months Ended						Six Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
	(Amounts in thousands)
Compensation Expense:
Stock Options	$	9,366		$	5,971		$	18,009		$	9,738
Restricted Share Units and Other Share-based Compensation	6,989			8,032			13,038			15,435
Share Appreciation Rights	967			8,385			2,696			14,962
	17,322			22,388			33,743			40,135
Impact of accelerated vesting on stock options and restricted share units (1)	—			—			1,194			—
Total share-based compensation expense	$	17,322		$	22,388		$	34,937		$	40,135

Tax impact (2)	(6,350		)	(8,284		)	(12,808		)	(14,850		)
Reduction in net income	$	10,972		$	14,104		$	22,129		$	25,285

____________________________


(1)	Represents the impact of the acceleration of certain vesting schedules for stock options and restricted share units pursuant to the severance arrangements related to the integration of the marketing operations of the Company's Lionsgate and Summit film labels.


(2)	Represents the income tax benefit recognized in the statements of income for share-based compensation arrangements.

Schedule of Number and Weighted Average Grant-Date Fair Value of Equity Awards



	Six Months Ended
	September 30,
	2014		2013
	Number Granted	Weighted-Average Grant-Date Fair Value	Number Granted	Weighted-Average Grant-Date Fair Value
Stock options	861,563	$9.71	2,595,213	$12.57
Restricted share units	574,569	$27.95	891,270	$27.07

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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