Stock-Based Compensation (Tables)

9 Months Ended

Dec. 31, 2013

Stock Option Activity under All Plans and Other Grants

The following table summarizes stock option activity under all Plans and other grants authorized by the Board of Directors.

	Number of Shares			Aggregate Intrinsic Value		Approximate Remaining Contractual Term (Years)		Weighted- Average Exercise Price
Outstanding at March 31, 2013		1,231,498		$	720		7	$	8.20
Granted		158,000			—		10		8.58
Exercised		(97,167	)		170		—		6.96
Canceled or expired		(329,785	)		—		—		8.32
Outstanding at December 31, 2013		962,546			1,054		8		8.34
Options exercisable at December 31, 2013		431,545			548		6		8.44
Unvested options expected to become exercisable after December 31, 2013		531,001			506		9		8.26
Shares available for future option grants at December 31, 2013 (a)		505,113

(a) May be decreased by restricted stock grants.

Restricted Stock Award Activity under All Plans

A summary of restricted stock award activity under all Plans is as follows.

	Number of Shares			Weighted – Average Grant Date Fair Value
Non-vested at March 31, 2013		24,125		$	7.51
Granted		31,196			8.91
Vested		(24,125	)		7.51
Cancelled		—			—
Non-vested at December 31, 2013		31,196			8.91

Black Scholes Based Option Pricing Model

Assumptions to Estimate Fair Value of Option Grants

The Company used the following assumptions to estimate the fair value of option grants under the Black-Scholes method:

	Dividend yield		Volatility		Risk-free interest rate		Expected term of options (in years)	Forfeiture adjustment
2014 $3.03 value per option	0.0	%	31.2	%	1.3	%	7.0	0.0	%
2014 $3.01 value per option	0.0	%	31.2	%	1.3	%	7.0	0.0	%
2013 $3.05 value per option	0.0	%	34.0	%	1.2	%	7.0	0.0	%
2013 $3.02 value per option	0.0	%	35.5	%	1.2	%	7.0	0.0	%
2013 $3.02 value per option	0.0	%	34.9	%	1.1	%	7.0	0.0	%
2013 $2.82 value per option	0.0	%	30.9	%	1.3	%	7.0	0.0	%

Monte Carlo Simulation

Assumptions to Estimate Fair Value of Option Grants

The Company used the following assumptions to estimate the fair value of option grants under the Monte Carlo simulation method:

	2014 $1.90 value per option		2014 $1.71 value per option		2013 $1.86 value per option		2013 $1.75 value per option		2013 $1.75 value per option
Dividend yield	0.0	%	0.0	%	0.0	%	0.0	%	0.0	%
Volatility	34.9	%	34.9	%	34.0	%	34.9	%	30.1	%
Risk-free interest rate	1.9	%	1.9	%	1.8	%	1.1	%	1.3	%
Expected term of options (in years)	10.0		10.0		10.0		10.0		10.0
Forfeiture adjustment	1.1	%	1.8	%	0.2	%	0.2	%	0.2	%
Suboptimal behavior factor	1.7		1.7		1.9		1.9		1.9