Stock-Based Compensation And Employee Purchase Plans (Tables)

9 Months Ended

Dec. 31, 2014

Employee Stock Purchase Plan

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The estimated fair value of ESPP options granted under the Employee Stock Purchase Plan was estimated at the date of grant using Black-Scholes pricing model with the following weighted average assumptions:

		Three Months Ended				Nine Months Ended
		December 31,				December 31,
		2014		2013		2014		2013
Expected volatility		-		-		46%		38%
Expected dividend yield		-		-		-		-
Risk-free interest rate		-		-		0.90%		0.11%
Weighted average expected ESPP option term		-		-		0.75 years		0.75 years
Weighted average fair value of
ESPP options granted	$	-	$	-	$	2.46	$	2.60

Stock Options

Disclosure Of Share-Based Compensation Arrangements By Share-Based Payment Award

Stock option activity and shares available for grant for all equity incentive plans for the nine months ended December 31, 2014 is summarized as follows:

		Shares		Weighted
	Shares	Subject to		Average
	Available	Options		Exercise Price
	for Grant	Outstanding		Per Share
Balance at March 31, 2014	1,613,943	6,002,382	$	4.14
Additional shares authorized for grant	8,000,000
Granted - options (1)	(1,295,906)	992,764		7.09
Stock purchase rights/restricted stock unit (2)	(1,880,732)	-		-
Exercised	-	(1,041,982)		1.60
Canceled/forfeited - options	392,076	(392,076)		5.74
Canceled/forfeited - restricted stock unit	142,910	-
Balance at December 31, 2014	6,972,291	5,561,088	$	5.03

(1)	As reflected in the preceding table, for each share awarded as a stock option under the 2012 Amended and Restated Equity Incentive Plan, an equivalent of 1.5 shares were deducted from the shares available for grant balance.
(2)	The reduction to shares available for grant includes awards granted of 1,880,732 shares.

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table summarizes the assumptions used to compute reported stock-based compensation to employees and directors for the three and nine months ended December 31, 2014 and 2013:

		Three Months Ended				Nine Months Ended
		December 31,				December 31,
		2014		2013		2014		2013
Expected volatility		61%		63%		61%		64%
Expected dividend yield		-		-		-		-
Risk-free interest rate		1.71%		1.62%		1.71%		1.86%
Weighted average expected option term		6.10 years		5.59 years		6.00 years		6.00 years
Weighted average fair value of options granted	$	4.02	$	5.64	$	4.01	$	5.64

Stock Purchase Rights

Disclosure Of Share-Based Compensation Arrangements By Share-Based Payment Award

Stock purchase right activity for the nine months ended December 31, 2014 is summarized as follows:

			Weighted	Weighted
			Average	Average
			Grant-Date	Remaining
	Number of		Fair Market	Contractual
	Shares		Value	Term (in Years)
Balance at March 31, 2014	489,627	$	4.83	1.93
Granted	31,432		7.88
Vested	(202,575)		3.96
Forfeited	(69,864)		5.36
Balance at December 31, 2014	248,620	$	5.77	1.68

Restricted Stock Units

Disclosure Of Share-Based Compensation Arrangements By Share-Based Payment Award

Restricted stock unit and performance stock unit activity for the nine months ended December 31, 2014 is summarized as follows:

				Weighted
			Weighted	Average
			Average	Remaining
	Number of		Purchase	Contractual
	Shares		Price	Term (in Years)
Balance at March 31, 2014	1,134,856	$	-	2.00
Granted	1,849,300
Vested	(166,758)
Forfeited	(141,600)
Balance at December 31, 2014	2,675,798	$	-	2.06