INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2023

Schedule of Components of Income Tax Expense (Benefit)

The components of the consolidated provision for income taxes for fiscal 2023, 2022, and 2021 consisted of the following:


	March 31,
Current:	2023		2022		2021
Federal	$	423	$	—	$	—
State	1,331		145		31
Foreign	1,053		721		812
Total current tax provision	2,807		866		843
Deferred
Federal	—		(984)		—
State	—		(269)		—
Foreign	—		—		—
Total deferred tax provision	—		(1,253)		—
Income tax provision (benefit)	$	2,807	$	(387)	$	843

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and (liabilities) were comprised of the following:


	March 31,
	2023		2022
Deferred tax assets
Net operating loss carryforwards	$	317,035	$	350,242
Research and development and other credit carryforwards	29,237		26,127
Stock-based compensation	9,257		14,877
Reserves and allowances	16,050		23,880
Lease liability	18,236		20,614
Capitalized IRC 174 costs	31,207		—
Fixed assets and intangibles	5,728		836
Gross deferred tax assets	426,750		436,576
Valuation allowance	(360,274)		(349,093)
Total deferred tax assets	$	66,476	$	87,483
Deferred tax liabilities
Intangibles	(23,781)		(28,529)
Deferred sales commissions	(30,607)		(32,857)
Convertible debt	—		(12,066)
Lease asset	(12,202)		(14,145)
Net deferred taxes	$	(114)	$	(114)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the Company's provision (benefit) for income taxes to the amounts computed using the statutory United States federal income tax rate is as follows:


	Years Ended March 31,
	2023		2022		2021
Tax benefit at statutory rate	$	(15,075)	$	(36,909)	$	(34,492)
State income taxes before valuation allowance, net of federal effect	(3,088)		(7,754)		(7,445)
Foreign tax rate differential	492		(2,056)		(2,206)
Research and development credits	(2,513)		(3,362)		(4,078)
Change in valuation allowance	(1,708)		49,620		47,225
Compensation/option differences	16,858		(6,788)		(5,045)
Non-deductible compensation	4,397		7,606		6,194
Other	3,444		(744)		690
Total income tax provision (benefit)	$	2,807	$	(387)	$	843

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:


	Years ended March 31,
	2023		2022		2021
Balance at beginning of year	$	9,850	$	7,053	$	6,115
Gross increases - tax position in prior period	163		1,918		—
Gross increases - tax position related to the current year	158		951		1,140
Settlements	—		(63)		—
Lapse of statute of limitations	(34)		(19)		(202)
Currency	(24)		10		—
Balance at end of year	$	10,113	$	9,850	$	7,053