Stock-Based Compensation (Tables)

9 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-based compensation expense recognized in the condensed consolidated statements of operations

The following table summarizes stock-based compensation expense recognized in the condensed consolidated statements of operations:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2014		2013		2014		2013
Cost of revenue	$	2,303	$	1,322	$	6,601	$	3,982
General and administrative expenses	4,764		3,456		13,353		10,137
Total	$	7,067	$	4,778	$	19,954	$	14,119

The following table summarizes the total stock-based compensation expense recognized in the condensed consolidated statements of operations by the following types of equity awards:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2014		2013		2014		2013
Equity Incentive Plan Options	$	1,241	$	1,790	$	4,022	$	4,741
Class A Restricted Common Stock	5,826		2,988		15,932		8,741
Rollover Options	—		—		—		578
Class C Restricted Stock	—		—		—		59
Total	$	7,067	$	4,778	$	19,954	$	14,119

Schedule of unrecognized compensation cost

Absent the effect of accelerating stock compensation cost for any departures of employees who may continue to vest in their equity awards, the following table summarizes the unrecognized compensation cost and the weighted average period the cost is expected to be amortized.



	December 31, 2014
	Unrecognized Compensation Cost		Weighted Average Remaining Period to be Recognized
Equity Incentive Plan Options	$	5,862	3.02
Class A Restricted Common Stock	28,723		2.90
Total	$	34,585

Recorded stock-based compensation liabilities

As of December 31, 2014 and March 31, 2014, the Company calculated a total recorded and unrecorded stock-based compensation liability of $36.3 million and $73.1 million, respectively, related to the special dividends paid in July and December 2009, June and August 2012, November 2013 and February and August 2014. The recorded stock-based compensation liability is as follows:



	December 31, 2014						March 31, 2014
	EIP Options		Rollover Options		Total		EIP Options		Rollover Options		Total
Current portion of liability (1)	$	3,703	$	28,035	$	31,738	$	3,675	$	36,247	$	39,922
Long-term portion of liability (2)	—		—		—		—		25,966		25,966
	$	3,703	$	28,035	$	31,738	$	3,675	$	62,213	$	65,888

(1) Included in accrued compensation and benefits (Note 6).

(2) Included in other long-term liabilities (Note 9).

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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