Table:
|  |  | Year ended March 31 |  |
| --- | --- | --- | --- |
|  | 2019 | 2018 | 2017 |
|  |  | (in thousands) |  |
| IPO India Plan | $1,198 | $1,572 | $2,140 |
| JSOP Plan | — | 615 | 3,622 |
| Option award scheme 2012 | — | 197 | 699 |
| 2014 Share Plan | 47 | (22) | 1,427 |
| 2015 Share Plan(*) | 3,059 | 100 | 328 |
| Other share option awards(**) | 5,346 | 7,283 | 4,405 |
| Management scheme (staff share grant) (***) | 11,911 | 8,173 | 10,850 |
|  | $21,561 | $17,918 | $23,471 |
Paragraphs:
28 SHARE BASED COMPENSATION PLANS
The compensation cost recognised with respect to all outstanding plans and by grant of shares, which are all equity settled instruments, is as follows:
(*) includes of 1,305,399 options granted towards Share Plan 2015 during twelve months ended March 31, 2019 at an average exercise price of $14.86 per share and average grant date fair value $2.6 per share.
(**) includes Restricted Share Unit (RSU) and Other share option plans. In respect of 211,567 units/options granted towards RSU during twelve months ended March 31, 2019, grant date fair value approximates intrinsic value $10.48 per share. (**) includes Restricted Share Unit (RSU) and Other share option plans. In respect of 211,567 units/options granted towards RSU during twelve months ended March 31, 2019, grant date fair value approximates intrinsic value $10.48 per share.
(***) includes 1,400,000 shares granted twelve months ended March 31, 2019 to management personnel at grant date fair value $10.08 per share.
Joint Stock Ownership Plan (JSOP)
In April 2012, the Company established a controlled trust called the Eros International Plc Employee Benefit Trust (“JSOP Trust”). The JSOP Trust purchased 2,000,164 shares of the Company out of funds borrowed from the Company and repayable on demand. The Company’s Board, Nomination and Remuneration Committee recommends to the JSOP Trust certain employees, officers and key management personnel, to whom the JSOP Trust will be required to grant shares from its holdings at nominal price. Such shares are then held by the JSOP Trust and the scheme is referred to as the “JSOP Plan.” The shares held by the JSOP Trust are reported as a reduction in stockholders’ equity and termed as ‘JSOP reserves’.
Question:
Which fiscal year had the lowest Management scheme (staff share grant) compensation costs?
Answer: Because 8,173<10,850<11,911, the answer is: 2018.