Stock-Based Compensation (Tables)

9 Months Ended

Dec. 31, 2012

Fair market value of stock-based compensation awards

The fair market value of stock-based compensation awards granted during the nine months ended December 31, 2012 and 2011 were as follows:

	Nine months ended December 31,
	2012				2011
			Fair Value				Fair Value
	Shares		Per Award		Shares		Per Award
Stock options		0.2	$	4.26		0.1	$	10.45
Unrestricted stock		0.1	$	7.14		-	$	14.93
Restricted stock - retention		0.4	$	5.80		0.1	$	14.93
Restricted stock - performance based		0.4	$	5.75		0.2	$	14.93

Assumptions used in determining fair value of options

The following assumptions were used in determining fair value for stock options:

	Nine months ended December 31,
	2012			2011
Expected life of awards in years		6.3			6.3
Risk-free interest rate		0.9	%		1.9	%
Expected volatility of the Company's stock		87.4	%		79.6	%
Expected dividend yield on the Company's stock		0.0	%		0.0	%

Unrecognized compensation cost related to the non-vested stock-based compensation awards

As of December 31, 2012, the total remaining unrecognized compensation cost related to non-vested stock-based compensation awards, which will be amortized over the weighted average remaining service periods, was as follows:

	Unrecognized Compensation Cost		Weighted Average Remaining Service Period in Years
Stock options	$	1.2		1.9
Restricted stock - retention		3.1		3.0
Restricted stock - performance based		1.5		2.0
Total	$	5.8		2.5