Development expenditure (Tables)

12 Months Ended

Mar. 31, 2022

Research and Development [Abstract]

Components of Development Expenditures Incurred

Development expenditure incurred comprises the following (in thousands):

	As of March 31,
	2020		2021		2022
Costs capitalized (1)	$	3,359	$	2,928	$	3,751
Costs expensed (2)	5,467		4,284		5,597
Total costs incurred	$	8,826	$	7,212	$	9,348
(1) Costs capitalized relate only to the development of internal-use software, which are recognized in accordance with the Intangible assets (Internal-use software and technology) accounting policy.
(2) Costs expensed are included in Administration and other expenses in the consolidated statements of income.