Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Mar. 31, 2019
Current assets:
Cash and cash equivalents	$ 183,372	$ 189,676
Short-term investments	14,908	33,138
Accounts receivable, net of allowance of $1,281 and $2,253 at September 30, 2019 and March 31, 2019, respectively	155,510	162,396
Unbilled accounts receivable	113,683	113,431
Prepaid expenses	52,736	42,314
Restricted cash	233	351
Asset held for sale	8,844	8,978
Other current assets	32,862	29,967
Total current assets	562,148	580,251
Property and equipment, net	111,412	119,865
Operating lease right-of-use assets	50,933
Investments accounted for using equity method	1,474	1,446
Long-term investments	198	322
Deferred income taxes	29,735	28,770
Goodwill	277,061	279,543
Intangible assets, net	101,330	92,440
Other long-term assets	39,895	29,836
Total assets	1,174,186	1,132,473
Current liabilities:
Accounts payable	35,032	46,471
Accrued employee compensation and benefits	72,506	74,801
Deferred revenue	6,887	6,421
Accrued expenses and other	66,910	70,050
Current portion of long-term debt	14,532	11,407
Operating lease liabilities	10,882
Income taxes payable	5,184	4,844
Total current liabilities	211,933	213,994
Deferred income taxes	15,271	15,824
Operating lease liabilities, noncurrent	44,535
Long-term debt, less current portion	369,992	351,320
Long-term liabilities	27,815	29,824
Total liabilities	669,546	610,962
Commitments and contingencies
Series A Convertible Preferred Stock: par value $0.01 per share, 108,000 shares authorized, 108,000 shares issued and outstanding at September 30, 2019 and March 31, 2019; redemption amount and liquidation preference of $108,000 at September 30, 2019 and March 31, 2019	107,243	107,161
Redeemable noncontrolling interest		23,576
Stockholders' equity:
Undesignated preferred stock, $0.01 par value; Authorized 5,000,000 shares at September 30, 2019 and March 31, 2019; zero shares issued and outstanding at September 30, 2019 and March 31, 2019, respectively
Common stock, $0.01 par value; Authorized 120,000,000 shares at September 30, 2019 and March 31, 2019; issued 33,224,132 and 33,012,775 shares at September 30, 2019 and March 31, 2019, respectively; outstanding 29,838,568 and 30,132,776 shares at September 30, 2019 and March 31, 2019, respectively	332	330
Treasury stock, 3,385,564 and 2,879,999 common shares, at cost, at September 30, 2019 and March 31, 2019, respectively	(58,332)	(39,652)
Additional paid-in capital	248,284	239,204
Retained earnings	261,040	250,279
Accumulated other comprehensive loss	(69,055)	(59,387)
Total Virtusa stockholders' equity	382,269	390,774
Noncontrolling interest in subsidiaries	15,128
Total Stockholders' equity	397,397	390,774
Total liabilities, Series A convertible preferred stock, redeemable noncontrolling interest and stockholders' equity	$ 1,174,186	$ 1,132,473