Contract Acquisition Costs

9 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Contract Acquisition Costs

Contract Acquisition CostsThe Company capitalizes certain contract acquisition costs primarily consisting of commissions. The balances of deferred costs to obtain customer contracts were $55.1 million and $53.4 million as of December 31, 2019 and March 31, 2019, respectively. In the three months ended December 31, 2019 and 2018, amortization from amounts capitalized was $8.3 million and $6.7 million, respectively. In the nine months ended December 31, 2019 and 2018 amortization from amounts capitalized was $24.0 million and $18.5 million, respectively. In the three months ended December 31, 2019 and 2018 amounts expensed as incurred were $3.6 million and $2.3 million, respectively. In the nine months ended December 31, 2019 and 2018 amounts expensed as incurred were $8.2 million and $5.5 million, respectively. The Company had no impairment loss in relation to costs capitalized.Deferred Revenue and Performance Obligations

During the three months ended December 31, 2019 and 2018, $118.7 million and $90.5 million of revenue was recognized that was included in the deferred revenue balances at the beginning of each period, respectively, and $242.2 million and $169.3 million during the nine months ended December 31, 2019 and 2018, respectively.

The aggregate unrecognized transaction price of remaining performance obligations as of December 31, 2019 was $489.2 million. The Company expects to recognize more than 94% of the balance as revenue in the 24 months following December 31, 2019 and the remainder thereafter. The aggregate balance of remaining performance obligations represents contracted revenue that has not yet been recognized and does not include contract amounts which are cancelable by the customer and amounts associated with optional renewal periods.