Stock-based Compensation (Tables)
3 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Options, Valuation Assumptions
The fair value of stock options is estimated on the grant date using the Black-Scholes option pricing model, which includes the following weighted-average assumptions.
 
Three-months ended
 
June 30
 
2018

2017

Expected life (in years)
5.0

6.1

Risk-free interest rate
2.9
%
2.1
%
Annual forfeiture rate
6.3
%
2.7
%
Expected volatility
59.5
%
45.3
%
Dividend yield
%
3.9
%
Schedule of Stock Options, Activity
The following table summarizes the Company’s stock option activity:
 
Shares (in 000’s)

Weighted-Average Exercise Price

Weighted-Average Remaining Contractual Life (Years)
Intrinsic Value (000’s)

March 31, 2018
1,110

$
19.30

 
 
Granted
1,950

2.81

 
 
Exercised


 
 
Forfeited or cancelled
(195
)
29.02

 
 
June 30, 2018
2,865

$
7.42

8.4
$

Exercisable
663

$
20.66

3.9
$

Schedule of Stock Options, Nonvested Share Activity
The following table summarizes certain information regarding the Company’s non-vested stock options:
 
Shares (in 000’s)

Weighted-Average Grant-Date Fair Value

March 31, 2018
402

$
2.89

Granted
1,950

1.47

Vested
(148
)
3.34

Forfeited


June 30, 2018
2,204

$
1.60

Schedule of Restricted Stock Units, Activity
The following table summarizes the Company’s restricted stock unit activity:
 
Shares (in 000’s)

Weighted-Average Grant-Date Fair Value

March 31, 2018
361

$
9.70

Granted
15

2.22

Vested
(141
)
11.33

Forfeited
(3
)
9.37

June 30, 2018
232

$
8.23

Schedule of Performance Share Units, Valuation Assumptions
The fair value of performance share awards (subject to the Company’s Relative TSR Ranking) is estimated on the grant date using the Monte-Carlo simulation valuation method.
There have been no performance share awards granted in Fiscal 2019
Schedule of Performance Share Units, Activity
The following table summarizes the Company’s performance share award activity:
 
Shares (in 000’s)

Weighted-Average Grant-Date Fair Value

March 31, 2018
327

$
11.14

Granted


Vested
(46
)
19.56

Forfeited


June 30, 2018
281

$
9.74