Stock-Based Compensation (Tables)
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9 Months Ended |
Dec. 31, 2016 |
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| Stockholders' Equity. |
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| 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 for the three and nine months ended December 31, 2016 and 2015 (in thousands):
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Three Months Ended
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Nine Months Ended
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December 31,
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December 31,
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2016
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2015
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2016
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2015
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Cost of goods sold
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$
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16
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$
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63
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$
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45
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$
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132
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Research and development
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6
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47
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22
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56
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Selling, general and administrative
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152
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546
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586
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1,316
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Stock-based compensation expense
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$
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174
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$
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656
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$
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653
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$
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1,504
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| Summary of stock option activity |
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Weighted-
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Average
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Weighted-
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Remaining
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Aggregate
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Average
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Contractual
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Intrinsic
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Shares
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Exercise Price
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Term
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Value
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(in years)
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Options outstanding at March 31, 2016
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467,631
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$
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22.68
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Granted
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88,930
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$
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1.70
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Exercised
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—
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$
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—
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Forfeited, cancelled or expired
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(199,524)
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$
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25.84
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Options outstanding at December 31, 2016
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357,037
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$
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15.69
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5.0
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—
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Options fully vested at December 31, 2016 and those expected to vest beyond December 31, 2016
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347,605
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$
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16.07
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5.0
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—
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Options exercisable at December 31, 2016
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268,107
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$
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20.33
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3.4
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—
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| Schedule of weighted-average assumptions used to calculate the estimated fair value of each stock option |
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Three Months Ended
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Nine Months Ended
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December 31,
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December 31,
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2016
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2015
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2016
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2015
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Risk-free interest rates
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—
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%
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—
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1.3
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%
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1.5
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%
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Expected lives (in years)
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—
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—
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5.7
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5.7
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Dividend yield
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—
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%
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—
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—
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%
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—
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%
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Expected volatility
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—
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%
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—
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133.9
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%
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59.0
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%
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Weighted average grant date fair value of options granted during the period
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$
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—
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$
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—
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$
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1.52
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$
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6.84
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| Summary of restricted stock unit activity |
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Weighted
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Average Grant
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Date Fair
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Restricted Stock and Performance Restricted Stock Units
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Shares
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Value
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Nonvested restricted stock units outstanding at March 31, 2016
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256,787
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$
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6.53
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Granted
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230,439
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1.64
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Vested and issued
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(95,383)
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8.28
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Forfeited
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(44,582)
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6.54
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Nonvested restricted stock units outstanding at December 31, 2016
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347,261
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2.80
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Restricted stock units expected to vest beyond December 31, 2016
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322,475
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$
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2.83
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| Schedule of additional information on restricted stock units |
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Three Months Ended
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Nine Months Ended
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December 31,
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December 31,
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2016
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2015
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2016
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2015
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Restricted stock compensation expense (in thousands)
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$
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165
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$
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204
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$
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540
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$
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715
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Aggregate fair value of restricted stock units vested and issued (in thousands)
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$
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25
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$
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4
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$
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132
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$
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344
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Weighted average grant date fair value of restricted stock units granted during the period
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$
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0.91
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$
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1.19
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$
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1.64
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$
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3.34
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| Schedule of restricted stock award activity |
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Three Months
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Nine Months Ended
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December 31,
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December 31,
|
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2016
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2015
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2016
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2015
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Restricted stock awards compensation expense (in thousands)
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$
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1
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$
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317
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$
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102
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$
|
380
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Restricted stock awards granted
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1,389
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255,912
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63,500
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263,594
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Weighted average grant date fair value of restricted stock awards granted during the period
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$
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0.90
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$
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1.24
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$
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1.56
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$
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1.44
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| Schedule of nonqualified common stock options and restricted stock units issued outside of the 2000 Plan |
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Outside of 2000 Plan
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Options
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RSUs
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Executive Vice President of Sales and Marketing
|
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42,500
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—
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Vice President, Manufacturing
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88,930
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14,820
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Outstanding stock outside of 2000 Plan
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131,430
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14,820
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