XML 37 R48.htm IDEA: XBRL DOCUMENT v3.20.1
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of stock-based compensation expenses The following table summarizes stock-based compensation expense included in our Consolidated Statements of Operations:
 Fiscal Year Ended March 31,
202020192018
Cost of goods sold$154,031  $149,075  $24,610  
Selling and marketing18,680  23,685  13,258  
General and administrative53,607  51,903  58,037  
Research and development31,563  23,037  18,020  
Business reorganization—  —  2,424  
Stock-based compensation expense before income taxes$257,881  $247,700  $116,349  
Income tax benefit$(48,687) $(48,383) $(3,561) 
Stock-based compensation expense, net of income tax benefit$209,194  $199,317  $112,788  
Capitalized stock-based compensation expense$24,451  $75,725  $90,914  
Schedule of restricted stock awarded activity to ZelnickMedia In connection with the 2014 Management Agreement and the 2017 Management Agreement, we granted restricted stock units to ZelnickMedia (see Note 3 - Management Agreement) as follows:
 Fiscal Year Ended March 31,
20202019
Time-based92  86  
Market-based(1)
168  158  
Performance-based(1)
  
IP28  27  
Recurrent Consumer Spending ("RCS")28  26  
Total-Performance-based56  53  
Total Restricted Stock Units316  297  
(1) Represents the maximum number of shares eligible to vest.
Schedule of weighted-average assumptions used to value outstanding market-based restricted shares The following table summarizes the weighted-average assumptions used in the Monte Carlo Simulation to estimate the fair value of market-based awards:
 Fiscal Year Ended March 31,
 202020192018
Employee
Market-Based		Non-Employee
Market-Based		Employee
Market-Based		Non-Employee
Market-Based		Employee
Market-Based		Non-Employee
Market-Based
Risk-free interest rate1.8 %2.4 %2.6 %2.4 %1.4 %2.1 %
Expected stock price volatility39.4 %39.9 %34.9 %31.4 %28.4 %35.5 %
Expected service period (years)1.51.01.51.01.51.0
DividendsNone  None  None  None  None  None  
Schedule of activity in non-vested restricted stock awards to employees and ZelnickMedia The following table summarizes the activity in non-vested restricted stock units to employees and ZelnickMedia under our stock-based compensation plans with time-based restricted stock awards presented at 100% of target number of shares that may potentially vest:
Shares
(in thousands)		Weighted
Average Fair
Value on
Grant Date
Non-vested restricted stock units at March 31, 20192,603  $95.35  
Granted668  $113.18  
Vested(1,243) $94.86  
Forfeited(68) $106.08  
Non-vested restricted stock units at March 31, 20201,960  $99.54  
The following table summarizes the activity in non-vested restricted stock units to employees and ZelnickMedia under our stock-based compensation plans with market-based restricted stock awards presented at 100% of target number of shares that may potentially vest:
Shares
(in thousands)		Weighted
Average Fair
Value on
Grant Date
Non-vested restricted stock units at March 31, 2019466  $123.72  
Granted403  $170.18  
Vested(489) $125.63  
Forfeited(22) $138.10  
Non-vested restricted stock units at March 31, 2020358  $157.05  
The following table summarizes the activity in non-vested restricted stock units to employees and ZelnickMedia under our stock-based compensation plans with performance restricted stock awards presented at 100% of target number of shares that may potentially vest:
Shares
(in thousands)		Weighted
Average Fair
Value on
Grant Date
Non-vested restricted stock units at March 31, 20193,000  $99.37  
Granted500  $125.66  
Vested(233) $109.64  
Forfeited(28) $101.49  
Non-vested restricted stock units at March 31, 20203,239  $119.97  
Fair Value Measurement Inputs and Valuation Techniques The following table summarizes the assumptions used in the Black-Scholes valuation model to value our purchase rights:
 Fiscal Year Ended March 31,Fiscal Year Ended March 31,
20202019
Risk-free interest rate
1.6% - 2.4%
2.1% - 2.5%
Expected stock price volatility
28.1% - 45.6%
39.1% - 40.0%
Expected service period (years)0.50.5
DividendsNone  None