Stock-Based Compensation

6 Months Ended

Sep. 30, 2015

The following table summarizes our stock based grants (dollars in thousands):



	Three Months Ended		Six Months Ended
	September 30, 2015		September 30, 2015
Restricted Stock Unit (“RSU”) grants:
Units granted from 2011 Incentive Plan	14,167		32,120
Vesting period, in years - high	5		10
Vesting period, in months - low	3		3
Compensation information related to RSUs granted in period:
Total fair market value, recognized over vesting period	$	868	$	2,091
Total expected expense to be recognized in Fiscal 2016	$	530	$	633
Expense recognized as a component of operating expenses	$	326	$	354
Expense capitalized in property and equipment, net ⁽¹⁾	$	27	$	31

RSUs vesting in period:
RSU shares vesting in period	16,547		62,259
Shares withheld in payment for taxes associated with vested RSUs	6,306		27,511

Net Option Exercises (shares withheld in payment of exercise price and related withholding taxes):
Number of shares withheld	—		28,916
Value of shares withheld	$	—	$	1,982

DSU grants:
Units granted from 2011 Incentive Plan to non-executive directors	19,546		19,546
Vesting period, in years	1		1
Compensation information related to DSUs granted in period (in thousands):
Total fair market value, recognized over vesting period	$	975	$	975
Total expected expense to be recognized in Fiscal 2016	$	621	$	621
Expense recognized as a component of operating expenses	$	89	$	89

(1) Amounts capitalized in accordance with our policies related to Capitalized software as described in Note 2 of Notes to Consolidated Financial Statements in the Form 10-K.