XML 23 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Shareholders' Equity
6 Months Ended
Sep. 30, 2016
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
SHAREHOLDERS’ EQUITY
Employee Stock Purchase Plan
In August 2010, Orion’s board of directors approved a non-compensatory employee stock purchase plan, or ESPP. Orion had the following shares issued from treasury during the six months ended September 30, 2016:
 
Shares Issued Under ESPP
Plan
 
Closing Market
Price
 
Shares Issued Under Loan
Program
 
Dollar Value of
Loans Issued
 
Repayment of
Loans
Quarter Ended June 30, 2016
1,771

 
$1.16
 

 

 

Quarter Ended September 30, 2016
1,511

 
$1.33
 

 

 

Total issued for FY17
3,282

 
$1.16 - 1.33
 

 
$

 
$


In prior years, Orion issued loans to non-executive employees to purchase shares of its stock. As of September 30, 2016 and March 31, 2016, $4,000 of such loans remained outstanding and are reflected on Orion’s balance sheet as a contra-equity account.