Stockholders' Equity (Tables)

12 Months Ended

Mar. 31, 2013

We repurchased the following shares pursuant to these plans in the last three fiscal years (dollars in thousands):

Certain information regarding our stock-based compensation was as follows (in thousands, except per share amounts):



	Year Ended March 31,
	2013			2012		2011
Weighted average grant-date per share fair value of stock options granted	$	9.27		$	7.85	$	11.16
Weighted average grant-date per share fair value of SSARs, RSUs, DSUs and SARs	17.64			14.20		22.00
Total intrinsic value of stock options exercised	662			1,861		10,845
Stock-based compensation recognized in results of operations as a component of selling and administrative expense⁽²⁾	21,792			5,118		6,714
Stock-based compensation capitalized as a component of property and equipment	512			362		474
Cash received from options exercised and shares purchased under all share-based arrangements⁽¹⁾	259			262		1,836
Tax (expense) deduction related to stock options exercised	(10		)	102		1,253


(1)	During Fiscal 2013, 2012 and 2011, we withheld $0.1 million, $1.0 million and $3.4 million, respectively, in shares to satisfy employment taxes on stock option exercises as well as the payment of the exercise price of stock options.


(2)	For the years ended March 31, 2013, 2012 and 2011, we recognized $15.9 million, $0.5 million, and $2.4 million, respectively, in expense related to our stock-based compensation agreement with DISH. See Note 18.

Those calculations used the following assumptions for the years ended March 31:



	Employee Stock Options						Employee Stock Purchase Plan
Year Ended March 31,	2013		2012		2011		2013		2012
	Low	High	Low	High	Low	High	Low	High	Low	High
Risk-free interest rate	0.49%	1.77%	1.39%	5.19%	0.22%	3.04%	0.12%	0.15%	0.06%	0.06%
Expected dividend yield	—%	—%	—%	—%	—%	—%	—%	—%	—%	—%
Expected lives (in years)	3.8	7.8	3.6	7.4	1.3	6.4	0.5	0.5	0.5	0.5
Expected volatility	40.41%	49.36%	35.23%	44.19%	34.84%	40.46%	34.75%	46.42%	77.48%	77.48%

Stock option activity for Fiscal 2013 was as follows:



	Options Outstanding⁽¹⁾		Weighted Average Exercise Price
Outstanding at March 31, 2012	1,878,913		$	20.57
Granted	907,674		20.05
Exercised	(49,648	)	6.50
Forfeited	(109,950	)	24.43
Outstanding at March 31, 2013	2,626,989		$	20.49

(1) Options outstanding include performance based awards discussed below.

Certain information regarding options outstanding as of March 31, 2013 was as follows:



	Options Outstanding	Options Exercisable
Number	2,626,989	571,408
Weighted average exercise price	$20.49	$17.70
Aggregate intrinsic value	$53.8 million	$10.1 million
Weighted average remaining contractual term (in years)	7.9	6.4

DSU activity for Fiscal 2013 was as follows:



	DSUs Outstanding	Weighted Average Grant Date Fair Value
Outstanding at March 31, 2012	145,272	$	14.88
Granted	34,014	17.64
Issued	—	—
Forfeited	—	—
Outstanding at March 31, 2013⁽¹⁾	179,286	$	15.40


(1)	Of the 179,286 DSUs outstanding at March 31, 2013, 166,914 were vested but not issued. The DSUs are not issued until the director holding such DSUs retires from the Board.

RSU activity for Fiscal 2013 was as follows:



	RSUs Outstanding	Weighted Average Grant Date Fair Value per RSU
Outstanding at March 31, 2012	238,816	$	6.08
Granted	—	—
Vested and issued	—	—
Forfeited	—	—
Outstanding at March 31, 2013⁽¹⁾	238,816	$	4.09


(1)	Change in weighted average grant date fair value per RSU as of March 31, 2013 reflects the revaluation of an outstanding award as of the modification date of October 2012.

SSARs activity for Fiscal 2013 was as follows:



	SSARs Outstanding	Weighted Average Base Price		Weighted Average Grant Date per SSAR Fair Value
Outstanding at March 31, 2012	75,000	$	14.50	$	5.33
Granted	—	—		—
Issued	—	—		—
Forfeited	—	—		—
Outstanding at March 31, 2013	75,000	$	14.50	$	5.33