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STOCKHOLDER'S EQUITY (Tables)
9 Months Ended
Dec. 31, 2012
STOCKHOLDER'S EQUITY  
Summary of Parent's stock option activity under both the 2004 Option Plan and the 2010 Equity Incentive Plan

 

 

 
  August 30, 2012   March 29, 2012   March 31, 2011  
 
  Number
of
Shares
  Weighted
Average
Exercise
Price Per
Share
  Number
of
Shares
  Weighted
Average
Exercise
Price Per
Share
  Number
of
Shares
  Weighted
Average
Exercise
Price Per
Share
 

Outstanding at beginning of year

    35,678.1680905   $ 449.88     35,684.1680905   $ 423.70     31,597.1680905   $ 383.58  

Granted(1)

            7.00000     752.00     6,507.00000     752.00  

Forfeited

            (13.00000 )   752.00     (1,615.40000 )   368.18  

Cancelled

    (35,678.1680905 )   449.88                  

Exercised

                    (804.60000 )   452.57  
                           

Outstanding at end of year and expected to vest(1)

      $     35,678.1680905   $ 449.88     35,684.1680905   $ 449.93  
                           

Exercisable at end of year

      $     22,594.5380903   $ 429.74     17,238.4980902   $ 423.70  
                           

Available for grant at end of year

              28,580.0000000           28,568.0000000        
                                 

(1)
The weighted average remaining contractual life for outstanding options was 6.0 years and 7.0 years for fiscal 2012 and 2011, respectively. During fiscal 2012, 7 options were granted at an exercise price of $752. The options granted were based on an estimated fair value of $752 of common stock, resulting in an intrinsic value for the options on the grant date of $0. During fiscal 2011, 6,507 options were granted at an exercise price of $752. The options granted were based on an estimated fair value of $752 of common stock, resulting in an intrinsic value for the options on the grant date of $0.
Schedule reflecting the weighted average fair value per option granted

 

 

 
  March 31, 2011  
 
  2010 Plan   2004 Plan  

Weighted average fair value of options on grant date

  $ 293.72   $ 300.91  

Risk-free interest rate

    2.50 %   2.58 %

Expected life (years)

    6.25     6.50  

Expected volatility(1)

    35.0 %   35.0 %

Expected dividend yield

         

(1)
The Company uses share values of its publicly traded competitor peer group for purposes of calculating volatility.
Schedule of unvested restricted stock (time vesting) and (performance vesting) activity

 

 

 
  Shares of
Restricted
Stock
  Weighted
Average
Grant Date
Fair Value
 

Unvested at March 31, 2011

    5,372   $ 752.00  

Granted

    1,353     755.00  

Forfeited/cancelled(1)

    (1,359 )   755.00  
           

Unvested at March 29, 2012

    5,366     752.00  

Granted(2)

         

Cancelled

    (5,366 )   752.00  
           

Unvested at August 30, 2012

      $  
           

(1)
The Company did not meet its pre-established annual performance target for fiscal 2012, and therefore, the restricted stock (performance vesting) grant was canceled.

(2)
As discussed above, since there was not a grant of restricted stock (performance vesting) shares during fiscal 2013, there were no fiscal 2013 unvested restricted stock (performance vesting) shares reported in this table.