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Share Capital and Dividends (Tables)
 12 Months Ended
Mar. 31, 2020
Disclosure of classes of share capital [abstract]  
Summary of Issued Share Capital
As at March 31, 2020, the issued share capital of the Company is as follows:
Subordinate Voting SharesMultiple Voting Shares
Number of shares$Number of shares$
As at March 31, 201948,496,492  183,346  7,168,984  3,515  
Share-based compensation on shares vested during the period, issued on business acquisitions—  407  —  —  
Business acquisition of Matricis 473,646  1,800  —  —  
Business acquisition of Alithya Travercent 1,274,510  3,870  —  —  
Business acquisition of Askida600,384  2,173  —  —  
Exercise of stock options53,987  201  —  —  
Settlement of DSU5,514  23  —  —  
As at March 31, 202050,904,533  191,820  7,168,984  3,515  
Summary of Transaction Activity Related to Class of Shares
The transaction activity related to the Class A and AA shares of Old Alithya for the period from April 1, 2018 to October 31, 2018 is summarized as follows:
As atOctober 31, 2018
Class AClass AA
Number of shares$Number of shares$
Beginning balance (Old Alithya balance)12,009,378  30,948  7,100,369  3,206  
Issued in relation to dividends and employee compensation455,378  2,051  68,615  309  
Issued for private placement (note 3)11,736,055  50,761  —  —  
Redeemed(95,970) (252) —  —  
Share-based compensation on shares vested during the period, issued on business acquisitions—  807  —  —  
Ending balance24,104,841  84,315  7,168,984  3,515  
The transaction activity related to the Subordinate Voting Shares and Multiple Voting Shares of the Company for the period November 2, 2018 to March 31, 2019 is summarized as follows:
Subordinate Voting SharesMultiple Voting Shares
Number of shares$Number of shares$
Beginning balance (New Alithya balance after conversion)48,404,753  182,776  7,168,984  3,515  
Share-based compensation on shares vested during the period, issued on business acquisitions—  268  —  —  
Exercise of stock options91,739  302  —  —  
Ending balance48,496,492  183,346  7,168,984  3,515  
Summary of Shares Converted After Acquisition On November 1, 2018, all the issued and outstanding shares of Old Alithya were cancelled and automatically exchanged on a one for one basis into Subordinate Voting Shares and Multiple Voting Shares of the Company, summarized as follows:
12. SHARE CAPITAL AND DIVIDENDS (CONT’D)
Subordinate Voting SharesMultiple Voting Shares
Number of shares$Number of shares$
Class A24,104,841  84,315  —  —  
Class A CRCD1,773,212  5,250  —  —  
Class A IQ1,637,204  4,847  —  —  
Class AA—  —  7,168,984  3,515  
Class J1,742,342  5,000  —  —  
Class K1,182,164  3,500  —  —  
Class L506,642  1,500  —  —  
Ending balance before business acquisition30,946,405  104,412  7,168,984  3,515  
Subordinate Voting Shares issued on business acquisition (note 3)17,458,348  78,364  —  —  
Ending balance48,404,753  182,776  7,168,984  3,515  
Summary of Dividends Declared Old Alithya declared the following dividends during the period April 1, 2018 to October 31, 2018:
12. SHARE CAPITAL AND DIVIDENDS (CONT’D)
Year endedMarch 31,
20192018
Class J1,864  —  
Class K467  —  
Class L200  —  
Total2,531  —  
Summary of Option Activity
As at March 31, 2020March 31, 2019March 31, 2018
Number of stock optionsWeighted average
exercise price		Number of stock optionsWeighted average
exercise price		Number of stock optionsWeighted average
exercise price
$$$
Beginning balance2,623,542  3.80  1,296,660  2.66  1,040,160  2.36  
Granted970,500  3.63  680,000  4.48  314,000  3.80  
Deemed issuance of replacement options on business acquisition (note 3)—  —  910,461  5.17  —  —  
Forfeited(137,151) 4.88  (170,946) 5.82  (55,000) 3.12  
Expired(230,615) 3.66  (894) 2.66  —  —  
Exercised(53,987) 3.10  (91,739) 2.66  (2,500) 2.21  
Ending balance3,172,289  3.72  2,623,542  3.80  1,296,660  2.66  
Exercisable at year end1,513,789  3.43  1,478,542  3.60  788,160  2.15  
Schedule of Share Options Outstanding and Exercisable The following tables summarize the number of stock options outstanding by currency, exercise price and the weighted average remaining exercise period, expressed in number of years:
12. SHARE CAPITAL AND DIVIDENDS (CONT’D)
As atMarch 31, 2020March 31, 2019March 31, 2018
Exercise price (CAD)Number of optionsWeighted average
remaining exercise
period – in years		Number of optionsWeighted average
remaining exercise
period – in years		Number of optionsWeighted average
remaining exercise
period – in years
$
1.90363,160  2.45363,160  3.45363,160  4.50
1.92100,000  2.00100,000  3.00100,000  4.50
2.21115,000  4.02115,000  5.03115,000  6.00
2.46100,000  3.00100,000  4.00100,000  5.00
2.87120,000  5.09120,000  6.09120,000  7.00
2.96186,000  6.01188,500  7.01192,000  8.00
3.292,000  6.674,000  7.674,000  8.70
3.64418,000  9.23—  ——  —
3.6585,000  2.38—  ——  —
3.80249,500  7.14262,500  8.16302,500  9.16
3.9020,000  8.8820,000  9.89—  —
4.50463,000  8.59503,500  9.59—  —
2,221,660  6.121,776,660  6.631,296,660  6.52
As atMarch 31, 2020March 31, 2019
Exercise price range (USD)Number of optionsWeighted average
remaining exercise
period – in years		Number of optionsWeighted average
remaining exercise
period – in years
$
2.26 to 3.85
599,960  7.98415,766  4.04
3.86 to 4.45
23,240  1.7444,096  2.81
4.59 to 4.85
154,141  1.10198,834  2.12
4.90 to 5.45
173,288  2.42188,186  3.39
950,629  5.70846,882  3.38
Summary of Weighted Average Assumptions Used for Valuation of Share Options Granted
The number of Alithya stock options granted to employees during the year, the related compensation expense recorded, and the assumptions used to determine share-based compensation expense, using the Black-Scholes stock option pricing model, were as follows:
Year endedMarch 31,
202020192018
Compensation expense related to the options granted318141289
Number of stock options granted970,500680,000314,000
Weighted average fair value of options granted$1.13$1.54$1.50
Aggregate fair value of options granted1,0961,045470
Weighted average assumptions
Share price$3.63$4.48$3.80
Exercise price$3.63$4.48$3.80
Risk-free interest rate1.79 %2.42 %1.07 %
Expected volatility*30 %30 %35 %
Dividend yield—  —  —  
Expected option life (years)5.76.17.5
Vesting conditions – time (years)2.73.33.0
* Determined on the basis of observed volatility in publicly traded companies operating in similar industries.
Summary of Share based Compensation
Total share-based compensation expense for the years ended March 31, 2020, 2019 and 2018 are summarized as follows:
Year endedMarch 31,
202020192018
$$$
Stock option plan745  372  289  
Share purchase plan – employer contribution633  593  439  
Share-based compensation on shares vested during the period, issued on business acquisitions1,868  1,075  2,701  
Deferred share units305  209  —  
Accrued management bonuses and other compensation—  —  734  
3,551  2,249  4,163