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Income Taxes - Effective Income Tax Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Effective Income Tax Rate Reconciliation, Amount      
Income tax expense at Bermuda statutory rate $ 0 $ 0 $ 0
Foreign rate differential (37,622) (40,056) (31,252)
Impact of changes in enacted income tax rates 0 (27,150) 0
Currency remeasurement effects on Swiss deferred tax assets (13,742) 0 0
Officer’s non-deductible share-based compensation 9,590 0 0
Share-based compensation deferral adjustment (4,364) 4,089 0
R&D tax credits (net of uncertain tax positions) (3,771) (1,208) 0
Valuation allowance 50,333 65,193 32,335
Other (88) (107) (607)
Total income tax expense $ 336 $ 761 $ 476
Effective Income Tax Rate Reconciliation, Percent      
Income tax expense at Bermuda statutory rate 0.00% 0.00% 0.00%
Foreign rate differential 14.77% 13.90% 11.44%
Impact of changes in enacted income tax rates 0.00% 9.42% 0.00%
Currency remeasurement effects on Swiss deferred tax assets 5.39% 0.00% 0.00%
Officer’s non-deductible share-based compensation (3.76%) 0.00% 0.00%
R&D tax credits (net of uncertain tax positions) 1.48% 0.42% 0.00%
Share-based compensation deferral adjustment 1.71% (1.42%) 0.00%
Valuation allowance (19.75%) (22.62%) (11.83%)
Other 0.03% 0.04% 0.22%
Total income tax expense (0.13%) (0.26%) (0.17%)