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Share-Based Compensation (Tables)
3 Months Ended
Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Restricted Shares
A summary of the Company's restricted shares granted under the Plan is presented below:
 
 
 
Restricted Shares
 
 
Shares
(in thousands)
 
Weighted-
Average
Grant-Date
Fair Value
Three months ended June 30, 2013
 
 
 
 
Outstanding at March 31, 2013
 
421.3

 
$
11.01

Granted
 
113.6

 
29.94

Vested and issued
 
(27.7
)
 
9.03

Forfeited
 
(3.6
)
 
13.24

Outstanding at June 30, 2013
 
503.6

 
15.38

Vested at June 30, 2013
 
83.1

 
9.63

 
 
 

 
 

Three months ended June 30, 2014:
 
 
 
 
Outstanding at March 31, 2014
 
437.5

 
$
16.76

Granted
 
96.6

 
33.50

Vested and issued
 
(93.7
)
 
15.12

Forfeited
 
(14.4
)
 
20.78

Outstanding at June 30, 2014
 
426.0

 
20.78

Vested at June 30, 2014
 
69.6

 
9.34

Stock Options, Valuation Assumptions
 
Three Months Ended June 30,
 
2014
 
2013
Expected volatility
47.3
%
 
48.0
%
Expected dividends
$
—

 
$
—

Expected term in years
6.0

 
6.0

Risk-free rate
2.2
%
 
1.3
%
Stock Option Activity
A summary of option activity under the Plan is as follows:
 
 
 
 
Options
 
 
 
Shares
(in thousands)
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
(in thousands)
Three months ended June 30, 2013:
 
 
 
 
 
 
 
 
Outstanding at March 31, 2013
 
1,386.4

 
$
10.43

 
 
 
 
Granted
 
227.7

 
29.94

 
 
 
 
Exercised
 
(25.0
)
 
12.40

 
 
 
 
Forfeited or expired
 
(8.0
)
 
13.24

 
 
 
 
Outstanding at June 30, 2013
 
1,581.1

 
13.19

 
6.2
 
$
9,840

Exercisable at June 30, 2013
 
515.9

 
11.27

 
7.2
 
3,715

 
 
 
 
 
 
 
 
 
Three months ended June 30, 2014:
 
 

 
 

 
 
 
 

Outstanding at March 31, 2014
 
994.9

 
$
15.24

 
 
 
 
Granted
 
307.5

 
33.50

 
 
 
 
Exercised
 
(93.8
)
 
13.80

 
 
 
 
Forfeited or expired
 
(31.6
)
 
25.49

 
 
 
 
Outstanding at June 30, 2014
 
1,177.0

 
19.85

 
7.8
 
$
16,527

Exercisable at June 30, 2014
 
375.1

 
15.23

 
7.3
 
6,998