Stock-Based Compensation (Tables)

6 Months Ended

Sep. 30, 2018

Stock-Based Compensation

Schedule of Performance Stock Unit activity

	Six Months	Weighted
	Ended	Average Fair
	September 30,	Value at Grant
	2018	Date (per unit)
Unvested shares available for issue under outstanding PSUs, beginning of period	67,000	$	12.65
PSU’s Granted	71,000		15.58
PSU’s Vested	(14,257)		12.66
PSU’s Forfeited/Cancelled	(25,437)		13.46
Unvested shares available for issue under outstanding PSUs, end of period	98,306	$	14.55

Schedule of Stock Options

	Six Months	Weighted
	Ended	Average Fair
	September 30,	Value at Grant
	2018	Date (per unit)
Unvested options, beginning of period	392,500	$	2.21
Options Granted	49,000		4.70
Options Vested	(96,042)		2.20
Options Forfeited/Cancelled	(15,000)		4.57
Unvested options, end of period	330,458	$	2.48

				September 30, 2018
Grant Fiscal Year	Options Granted		Option Exercise Price	Options Outstanding	Options Exercisable
2019	49,000	$	17.55	44,000	-
2018	230,000	$	15.12	160,000	49,792
2017	410,000	$	12.57	330,000	160,833
2016	100,000	$	22.64	40,000	31,667
Total				574,000	242,292

Schedule of assumptions of Black-Scholes-Merton option pricing model

Grant Fiscal Year	Expected Stock Price Volatility		Risk-Free Interest rate		Expected Dividend Yield		Average Expected Term	Resulting Black Scholes Value
2019	35.80	%	3.04	%	4.56	%	4.0	$	4.70
2018	32.63	%	1.96	%	5.34	%	4.0	$	2.57
2017	32.85	%	1.32	%	6.30	%	4.0	$	1.85
2016	26.40	%	1.67	%	3.50	%	4.0	$	3.43