Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v2.4.0.6
Stock-Based Compensation (Tables)
12 Months Ended
Mar. 31, 2013
Stock-Based Compensation  
Schedule of the compensation expense (recovery) associated with stock-based compensation

The major components of stock-based compensation expense are as follows (amounts in thousands):

 
  Fiscal Year Ended
March 31, 2013
  Fiscal Year Ended
March 31, 2012
  Fiscal Year Ended
March 31, 2011
 
 
  Stock
Options
  Restricted
Stock
  LTIPs   Stock
Options
  Restricted
Stock
  LTIPs   Stock
Options
  Restricted
Stock
  LTIPs  

Cost of sales

  $ 710   $ 445   $ 356   $ 542   $ 81   $ 176   $ 216   $   $  

Selling, general and administrative expenses

    872     1,303     725     788     688     800     350     329     888  

Research and development

    58         130                          
                                       

 

  $ 1,640   $ 1,748   $ 1,211   $ 1,330   $ 769   $ 976   $ 566   $ 329   $ 888  
                                       
Schedule of employee stock option activity

Employee stock option activity for fiscal year 2013 is as follows (amounts in thousands, except exercise price, fair value and contractual life):

 
  Options   Weighted-
Average
Exercise
Price
 

Outstanding at March 31, 2012

    1,769   $ 13.43  

Granted

    333     4.70  

Exercised

    (50 )   2.18  

Forfeited

    (16 )   9.07  

Expired

    (85 )   23.76  
             

Outstanding at March 31, 2013

    1,951     11.84  
             

Exercisable at March 31, 2013

    1,260   $ 14.61  

Remaining weighted average contractual life of options exercisable (years)

         
5.0
 

Remaining weighted average contractual life of options outstanding (years)

         
6.4
 
Summary of the weighted average assumptions used in the Black-Scholes valuation model to value stock option grants

 

 

 
  Fiscal Years Ended
March 31,
 
 
  2013   2012   2011  

Assumptions:

                   

Expected volatility

    70.9 %   83.2 %   85.9 %

Risk-free interest rate

    0.5 %   0.7 %   1.0 %

Expected option lives in years

    4.0     4.1     4.1  

Dividend yield

             
Schedule of restricted stock activity

Restricted stock activity for fiscal year 2013 is as follows (amounts in thousands except fair value):

 
  Shares   Weighted-
average
Fair Value on
Grant Date
 

Non-vested restricted stock at March 31, 2012

    463   $ 8.25  

Granted

    109     4.72  

Vested

    (116 )   8.98  

Forfeited

    (15 )   9.19  
             

Non-vested restricted stock at March 31, 2013

    441     7.15