Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

3 Months Ended

Jun. 30, 2016

Stockholders' Equity.

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 first quarter of Fiscal 2017 and 2016 (in thousands):


		Three Months Ended
		June 30,
		2016			2015
Cost of goods sold		$	15		$	34
Research and development			3			(14)
Selling, general and administrative			220			443
Stock-based compensation expense		$	238		$	463

Summary of stock option activity



							Weighted-
							Average
				Weighted-			Remaining		Aggregate
				Average			Contractual		Intrinsic
		Shares		Exercise Price			Term		Value
							(in years)
Options outstanding at March 31, 2016		467,631		$	22.68
Granted		—		$	—
Exercised		—		$	—
Forfeited, cancelled or expired		(8,436)		$	26.60
Options outstanding at June 30, 2016		459,195		$	22.61		2.5			—
Options fully vested at June 30, 2016		459,195		$	22.61		2.5			—
Options exercisable at June 30, 2016		459,195		$	22.61		2.5			—

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


		Three Months Ended
		June 30, 2015
Risk-free interest rates			1.5	%
Expected lives (in years)			5.7
Dividend yield			—	%
Expected volatility			59.0	%
Weighted average grant date fair value of options granted during the period		$	0.34

Summary of restricted stock unit activity


				Weighted
				Average Grant
				Date Fair
Restricted Stock and Performance Restricted Stock Units		Shares		Value
Nonvested restricted stock units outstanding at March 31, 2016		256,787		$	6.53
Granted		—			—
Vested and issued		(14,609)			20.44
Forfeited		(18,510)			7.08
Nonvested restricted stock units outstanding at June 30, 2016		223,668			5.57
Restricted stock units expected to vest beyond June 30, 2016		223,657		$	5.57

Schedule of additional information on restricted stock units


		Three Months Ended
		June 30,
		2016			2015
Restricted stock compensation expense (in thousands)		$	188		$	294
Aggregate fair value of restricted stock units vested and issued (in thousands)		$	22		$	198
Weighted average grant date fair value of restricted stock units granted during the period		$	—		$	11.52

Schedule of restricted stock award activity


		Three Months Ended
		June 30,
		2016			2015
Restricted stock awards compensation expense (in thousands)		$	50		$	30
Restricted stock awards granted			32,201			3,459
Weighted average grant date fair value of restricted stock awards granted during the period		$	1.57		$	8.60

Schedule of nonqualified common stock options and restricted stock units issued outside of the 2000 Plan


Outside of 2000 Plan		Options		RSUs
Executive Vice President and Chief Executive Officer		100,000		—
Executive Vice President of Sales and Marketing		42,500		—
Vice President of Operations		5,729		1,562
Outstanding stock outside of 2000 Plan		148,229		1,562