Stock-Based Compensation

12 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

Stock–Based Compensation

The following summarizes stock-based compensation expense:

	Years Ended March 31,
	2020		2019		2018
Restricted stock awards	$	517	$	563	$	441
Restricted stock units	714		981		682
Other	—		—		66
Compensation expense for stock-based compensation plans	$	1,231	$	1,544	$	1,189
Unrecognized stock-based compensation expense	$	501	$	1,221	$	1,095

The following summarizes the maximum number of shares available for issuance and the number of remaining shares available for issuance as of March 31, 2020:

	2016 Plan	2007 Plan	Total
Maximum number of shares available for issuance	1,800	209	2,009
Number of remaining shares available for issuance	1,142	209	1,351

Total equity awards outstanding are 493 shares, inclusive of 427 share awards granted and outstanding under the 2007 plan and 66 share awards granted under the 2016 Plan. Shares issued are new shares which have been authorized and designated for award under the plans.

Restricted Stock Awards

The following summarizes the activity in restricted stock:

Restricted Stock	Shares	Weighted Average Grant Date Fair Value
Restricted at March 31, 2017	—	$	—
Granted	28	26.05
Vested	(28)	26.05
Restricted at March 31, 2018	—	—
Granted	32	17.48
Vested	(32)	17.48
Restricted at March 31, 2019	—	—
Granted	49	10.63
Vested	(49)	10.63
Restricted at March 31, 2020	—	—

Restricted Stock Units

The following summarizes the activity in restricted stock units:

Restricted Stock Units	Shares	Weighted Average Grant Date Fair Value
Outstanding at March 31, 2017	104	$	16.84
Granted	58	11.75
Vested	(45)	17.61
Forfeited	(1)	17.99
Outstanding at March 31, 2018	116	14.01
Granted	68	15.94
Vested	(56)	14.35
Forfeited	(4)	14.84
Outstanding at March 31, 2019	124	14.90
Granted	2	18.29
Vested	(60)	15.09
Forfeited	(2)	14.57
Outstanding at March 31, 2020	64	14.81