Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v2.4.0.6
Stock-Based Compensation (Tables)
6 Months Ended
Sep. 30, 2012
Stock-Based Compensation  
Summary of stock-based compensation expense by statement of operations line item

The following table summarizes, by statement of operations line item, stock-based compensation expense (in thousands):

 

 

 

Three Months Ended
September 30,

 

Six Months Ended
September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Cost of goods sold

 

$

27

 

$

38

 

$

53

 

$

76

 

Research and development

 

73

 

90

 

148

 

171

 

Selling, general and administrative

 

258

 

314

 

495

 

615

 

Stock-based compensation expense

 

$

358

 

$

442

 

$

696

 

$

862

 

 

Schedule of weighted-average assumptions used to calculate the estimated fair value of each stock option

 

 

 

 

Three Months Ended
September 30,

 

Six Months Ended
September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Risk-free interest rates

 

0.8

%

0.9

%

0.8

%

1.9

%

Expected lives (in years)

 

5.7

 

5.0

 

5.7

 

5.0

 

Dividend yield

 

%

%

%

%

Expected volatility

 

79.8

%

87.4

%

79.8

%

89.0

%

 

Summary of stock option activity

 

 

 

 

Shares

 

Weighted
Average
Exercise Price

 

Weighted-
Average
Remaining
Contractual
Term
(in years)

 

Aggregate
Intrinsic Value

 

Options outstanding at March 31, 2012

 

10,039,651

 

$

1.41

 

 

 

 

 

Granted

 

1,958,330

 

1.01

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

Forfeited, cancelled or expired

 

(134,996

)

2.11

 

 

 

 

 

Options outstanding at September 30, 2012

 

11,862,985

 

$

1.34

 

6.05

 

$

434,577

 

 

 

 

 

 

 

 

 

 

 

Options fully vested at September 30, 2012 and those expected to vest beyond September 30, 2012

 

11,569,646

 

$

1.35

 

5.96

 

$

434,518

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at September 30, 2012

 

8,722,942

 

$

1.41

 

4.93

 

$

407,145

 

 

Summary of restricted stock unit activity

 

 

 

 

Shares

 

Weighted
Average
Grant-Date Fair
Value

 

Unvested restricted stock units outstanding at March 31, 2012

 

1,143,262

 

$

1.20

 

 

 

 

 

 

 

Granted

 

832,794

 

1.01

 

Vested and issued

 

(269,013

)

1.32

 

Forfeited

 

(97,055

)

1.04

 

 

 

 

 

 

 

Unvested restricted stock units outstanding at September 30, 2012

 

1,609,988

 

$

1.09

 

Restricted stock units expected to vest beyond September 30, 2012

 

1,467,888

 

$

1.09