Stock-based Compensation (Tables)

9 Months Ended

Dec. 27, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock Options, Valuation Assumptions

The fair value of stock options is estimated on the grant date using the Black-Scholes option pricing model, which includes the following weighted-average assumptions.

	Nine-months ended
	December 31
	2014		2013
Expected life (in years)	7.7		6.8
Risk free interest rate	2.3	%	1.3	%
Annual forfeiture rate	1.5	%	2.5	%
Expected Volatility	45.1	%	42.3	%
Dividend yield	1.3	%	1.3	%

Schedule of Stock Options, Activity

The following table summarizes the Company’s stock option activity:

	Shares (in 000’s)		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life (Years)	Intrinsic Value (000’s)
Outstanding at March 31, 2014	2,018		$	32.89
Granted	166		21.79
Exercised	—		—
Forfeited or cancelled	(307	)	34.71
Outstanding at December 31, 2014	1,877		$	31.61	3.8	$	717
Exercisable at December 31, 2014	1,577		$	33.19	2.8	$	210

Schedule of Stock Options, Nonvested Share Activity

The following table summarizes certain information regarding the Company’s non-vested stock options:

	Shares (in 000’s)		Weighted-Average Grant-Date Fair Value
March 31, 2014	258		$	10.07
Granted	166		9.59
Vested	(118	)	10.38
Forfeited	(6	)	9.77
December 31, 2014	300		$	9.68

Schedule of Restricted Stock Units, Activity

The following table summarizes the Company’s restricted stock unit activity:

	Shares (in 000’s)		Weighted-Average Grant-Date Fair Value
March 31, 2014	289		$	25.73
Granted	181		21.79
Vested	(165	)	25.61
Forfeited	(19	)	24.42
December 31, 2014	286		$	23.38

Schedule of Performance Share Units, Valuation Assumptions

The fair value of performance share awards (subject to the Company’s Relative TSR Ranking) is estimated on the grant date using the Monte-Carlo simulation valuation method which includes the following weighted-average assumptions.

	Nine-months ended
	December 31
	2014		2013
Risk free interest rate	0.8	%	0.4	%
Expected Volatility	44.7	%	41.1	%
Dividend yield	1.3	%	1.3	%

Schedule of Performance Share Units, Activity

The following table summarizes the Company’s performance share award activity:

	Shares (in 000’s)		Weighted-Average Grant-Date Fair Value
March 31, 2014	255		$	28.66
Granted	115		23.05
Vested	—		—
Forfeited	(88	)	33.92
December 31, 2014	282		$	24.72