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Capital Stock (Tables)
 6 Months Ended
Sep. 30, 2017
Equity and Share-based Compensation [Abstract]  
Common Shares Reserved For Future Issuance
The table below outlines common shares reserved for future issuance:
 
 
September 30,
2017
 
March 31,
2017
 
(Amounts in millions)
Stock options outstanding, Class A voting shares average exercise price $26.84, Class B non-voting shares average exercise price $19.76 (March 31, 2017 - Class A voting shares average exercise price $26.67, Class B non-voting shares average exercise price $19.43)
31.8

 
32.6

Restricted stock and restricted share units — unvested
2.4

 
2.7

Common shares available for future issuance under Lionsgate plan(1)
10.9

 
0.8

Common shares available for future issuance under Starz plan
—

 
11.8

Shares issuable upon conversion of April 2013 1.25% Notes at conversion price of $29.19 per share (March 31, 2017 - $29.19)
2.1

 
2.1

Shares reserved for future issuance
47.2

 
50.0


____________________
(1)
As of September 30, 2017, amounts represent common shares reserved for issuance under the Company's current 2017 Performance Incentive Plan. As of March 31, 2017, amounts represent common shares reserved for issuance under the Company's former 2012 Performance Incentive Plan. See below for further information.
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, 2017, and 2016:
 
 
Three Months Ended
 
Six Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
 
(Amounts in millions)
Compensation Expense:
 
 
 
 
 
 
 
Stock options
$
11.7

 
$
8.5

 
$
24.0

 
$
16.2

Restricted share units and other share-based compensation
9.9

 
6.4

 
20.2

 
12.3

Share appreciation rights
2.0

 
—

 
3.2

 
—

 
23.6

 
14.9

 
47.4

 
28.5

Immediately vested restricted share units issued under annual bonus program(1)
—

 
6.7

 
—

 
15.3

Impact of accelerated vesting on equity awards(2)
—

 
2.4

 
—

 
2.4

Total share-based compensation expense
$
23.6

 
$
24.0

 
$
47.4

 
$
46.2

 
 
 
 
 
 
 
 
Tax impact(3)
(8.3
)
 
(8.4
)
 
(16.8
)
 
(16.0
)
Reduction in net income
$
15.3

 
$
15.6

 
$
30.6

 
$
30.2


___________________
(1)
Represents the impact of immediately vested stock awards granted as part of our annual bonus program, and issued in lieu of cash bonuses.
(2)
Represents the impact of the acceleration of certain vesting schedules for equity awards pursuant to certain severance arrangements.
(3)
Represents the income tax benefit recognized in the statements of income for share-based compensation arrangements.
Share-based compensation expense, by expense category, consisted of the following:
 
Three Months Ended
 
Six Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
 
(Amounts in millions)
Share-Based Compensation Expense:
 
 
 
 
 
 
 
Direct operating
$
0.2

 
$
—

 
$
0.5

 
$
—

Distribution and marketing
0.2

 
—

 
0.4

 
—

General and administration
23.2

 
21.6

 
46.5

 
43.8

Restructuring and other
—

 
2.4

 
—

 
2.4

 
$
23.6

 
$
24.0

 
$
47.4

 
$
46.2
Schedule of Stock Option, Equity-Settled SARs, Restricted Stock and Restricted Share Unit Activity
The following table sets forth the stock option, equity-settled SARs, restricted stock and restricted share unit activity during the six months ended September 30, 2017:

 
Stock Options and Equity-Settled SARs
 
Restricted Stock and Restricted Share Units
 
Class A Voting Shares
 
Class B Non-Voting Shares
 
Class A Voting Shares
 
Class B Non-Voting Shares
 
Number of Shares
 
Weighted-Average Exercise Price
 
Number of Shares
 
Weighted-Average Exercise Price
 
Number of Shares
 
Weighted-Average Grant-Date Fair Value
 
Number of Shares
 
Weighted-Average Grant-Date Fair Value
Outstanding at March 31, 2017
9,089,915

 
$26.67
 
24,301,704

 
$19.63
 
519,148

 
$27.85
 
2,258,006

 
$26.07
Granted
346,336

 
$29.45
 
874,691

 
$26.82
 
64,946

 
$27.36
 
297,428

 
$26.91
Options exercised or restricted stock or RSUs vested
(78,263
)
 
$17.44
 
(1,308,356
)
 
$16.11
 
(219,493
)
 
$27.72
 
(473,324
)
 
$26.63
Forfeited or expired
(6,732
)
 
$31.00
 
(147,456
)
 
$24.82
 
(5,335
)
 
$33.43
 
(88,708
)
 
$26.19
Outstanding at September 30, 2017
9,351,256

 
$26.84
 
23,720,583

 
$20.06
 
359,266

 
$27.77
 
1,993,402

 
$26.06