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Income Taxes - Effective Income Tax Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Effective Income Tax Rate Reconciliation, Amount      
Income tax expense at Bermuda statutory rate $ 0 $ 0 $ 0
Foreign rate differential (25,720) (37,622) (40,056)
Impact of changes in enacted income tax rates 0 0 (27,150)
Currency remeasurement effects on Swiss deferred tax assets (3,045) (13,742) 0
Officer’s non-deductible share-based compensation 0 9,590 0
R&D tax credits (2,819) (3,771) (1,208)
Share-based compensation deferral adjustment 0 (4,364) 4,089
Valuation allowance 36,331 50,333 65,193
Other 301 (88) (107)
Total income tax expense $ 5,048 $ 336 $ 761
Effective Income Tax Rate Reconciliation, Percent      
Income tax expense at Bermuda statutory rate 0.00% 0.00% 0.00%
Foreign rate differential 12.80% 14.77% 13.90%
Impact of changes in enacted income tax rates 0.00% 0.00% 9.42%
Currency remeasurement effects on Swiss deferred tax assets 1.52% 5.39% 0.00%
Officer’s non-deductible share-based compensation 0.00% (3.76%) 0.00%
R&D tax credits 1.40% 1.48% 0.42%
Share-based compensation deferral adjustment 0.00% 1.71% (1.42%)
Valuation allowance (18.08%) (19.75%) (22.62%)
Other (0.15%) 0.03% 0.04%
Total income tax expense (2.51%) (0.13%) (0.26%)