XML 45 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation (Tables)
12 Months Ended
Mar. 31, 2013
Stock-Based Compensation [Abstract]  
Nonvested Performance-based Units Activity
The following table summarizes the activity under the Company's PSU program for fiscal years 2013, 2012 and 2011:

 
2013
 
 
2012
 
 
2011
 
 
Shares
 
 
Weighted- Average Fair Value at Grant
 
 
Shares
 
 
Weighted- Average Fair Value at Grant
 
 
Shares
 
 
Weighted-Average Fair Value at Grant
 
Outstanding, non-vested beginning of period
 
 
604,844
 
 
$
9.81
 
 
 
696,089
 
 
$
10.15
 
 
 
679,627
 
 
$
6.75
 
Granted
 
 
156,200
 
 
 
19.31
 
 
 
260,000
 
 
 
10.97
 
 
 
274,500
 
 
 
16.00
 
Vested
 
 
(288,765
)
 
 
8.64
 
 
 
(201,546
)
 
 
8.20
 
 
 
(238,163
)
 
 
7.24
 
Forfeited/canceled
 
 
(16,300
)
 
 
17.69
 
 
 
(149,699
)
 
 
15.55
 
 
 
(19,875
)
 
 
9.42
 
Outstanding, non-vested end of period
 
 
455,979
 
 
$
12.77
 
 
 
604,844
 
 
$
9.81
 
 
 
696,089
 
 
$
10.15
 

Nonvested Performance-based Units Expected to Vest by Fiscal Year Maturity
Of the outstanding PSUs covering 455,979 non-vested shares as of March 31, 2013 PSUs covering 35,127 shares were cancelled in May 2013, based on fiscal year 2013 activity. These PSUs were cancelled primarily because individual performance targets for certain non-director employee participants did not fully reach the target performance set forth in the PSU grants for fiscal year 2013. The remaining 420,852 shares have been earned based on past performance, but not yet vested as of March 31, 2013. Assuming the respective participants remain employed by or affiliated with the Company on these dates, these shares will vest and be paid on or about May 1 of 2013, 2014, 2015 and 2016, as follows:

 
Number of Shares
 
2013
 
 
198,130
 
2014
 
 
112,401
 
2015
 
 
83,451
 
2016
 
 
26,870
 
 
 
420,852