Stock Benefit Plans and Stock-Based Compensation (Tables)

9 Months Ended

Dec. 31, 2013

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of non-vested restricted stock units and performance-based restricted stock unit awards activity

A summary of non-vested restricted stock units (“RSUs”) and performance-based stock awards (“PSAs” and collectively “Non-vested RSUs”) activity under the Company’s LTIP as of December 31, 2013, and changes during the nine months then ended is presented below (shares and intrinsic value in thousands):

	Nine Months Ended December 31, 2013
	Shares			Weighted Average Grant-Date Fair Value		Aggregate Intrinsic Value
Non-vested RSUs outstanding as of March 31, 2013		4,850
Granted		518		$	11.26
Dividend equivalents issued		99			10.98
Released		(1,681	)			$	18,204
Forfeited		(1,362	)
Non-vested RSUs outstanding as of December 31, 2013		2,424

Stock award compensation expense

Stock award compensation expense was allocated as follows (in thousands):

	Three Months Ended December 31,						Nine Months Ended December 31,
	2013			2012			2013			2012
Stock-based compensation classified as:
Cost of maintenance fees	$	-		$	164		$	348		$	616
Cost of subscription fees		(54	)		(47	)		(24	)		6
Cost of professional services		67			65			244			225
Cost of application services		3,765			396			14,271			1,105
Technology development and support		(27	)		468			1,078			1,842
Sales and marketing		1,152			1,328			4,736			4,515
Administrative and general		1,861			3,110			9,632			12,354
Restructuring costs		450			-			2,241			-
Total stock-based compensation expense before income tax provision	$	7,214		$	5,484		$	32,526		$	20,663

Stock Options - Service-Based Vesting [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of stock option activity

A summary of activity for options that vest based on service conditions only under the Company’s stock-based compensation plans as of December 31, 2013, and changes during the nine months then ended is presented below (shares and intrinsic value in thousands):

	Nine Months Ended December 31, 2013
	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years		Aggregate Intrinsic Value
Options outstanding as of March 31, 2013		19,076		$	8.44
Granted		1,146			10.63
Exercised		(3,447	)		7.81			$	10,811
Forfeited		(376	)		10.18
Cancelled/expired		(1,424	)		8.22
Options outstanding as of December 31, 2013		14,975		$	8.73		6.57	$	38,076
Options vested and expected to vest, net of estimated forfeitures, as of December 31, 2013		14,465		$	8.68		6.49	$	37,378
Options exercisable as of December 31, 2013		9,628		$	8.32		5.64	$	28,385

Stock Options - Performance and Service-Based Vesting [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of stock option activity

A summary of activity for options that vest based on the achievement of both service and performance conditions under the Company’s stock-based compensation plans as of December 31, 2013, and changes during the nine months then ended is presented below (shares and intrinsic value in thousands):

	Nine Months Ended December 31, 2013
	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years		Aggregate Intrinsic Value
Options outstanding as of March 31, 2013		3,648		$	9.79
Granted		594			11.30
Forfeited/Cancelled		(1,529	)		10.00
Options outstanding as of December 31, 2013		2,713		$	10.00		8.79	$	3,435
Options vested and expected to vest, net of estimated forfeitures, as of December 31, 2013		190		$	11.30		9.37	$	-
Options exercisable as of December 31, 2013		-		$	-		-	$	-

Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted average fair value of stock options granted and assumptions used to estimate fair value

The weighted average fair value of stock options granted during the periods and the assumptions used to estimate those values using the Black-Scholes option pricing model were as follows:

	Nine Months Ended December 31,
	2013			2012
Expected volatility		39.52	%		40.83	%
Risk-free interest rate		1.59	%		0.95	%
Expected lives at date of grant (in years)		6.3			6.3
Weighted-average fair value of the options granted	$	2.69		$	4.02
Dividend yield assumption (1)		4.42	%		0.00	%

(1) In January 2013, our Board of Directors announced its intention to begin paying cash dividends totaling $0.50 per share annually. Prior to that, the Company had never paid a dividend or announced any intentions to pay a dividend.