Share-Based Compensation (Tables)

9 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

Activity for stock options for the nine months ended December 31, 2022 is included in the following table:

	Number of Options
Options outstanding at March 31, 2022	6,130,680
Granted	204,808
Exercised	(826,331)
Forfeited	(360,368)
Options outstanding at December 31, 2022	5,148,789
Options vested and expected to vest at December 31, 2022	5,148,789
Options exercisable at December 31, 2022	3,830,313

Summary of Restricted Share Awards and Restricted Stock Units Activity

Activity for restricted stock units and performance stock units for the nine months ended December 31, 2022 is included in the following table:

	Number of Shares
Unvested balance at March 31, 2022	4,532,619
Granted	5,763,246
Vested	(1,343,481)
Forfeited	(1,139,849)
Unvested balance at December 31, 2022	7,812,535

Schedule of Share-based Compensation

Share-based compensation during the three and nine months ended December 31, 2022 and 2021 was as follows (in thousands):

	Three Months Ended December 31,				Nine Months Ended December 31,
	2022		2021		2022		2021
Share-based compensation recognized as:
SG&A expense	$	7,174	$	4,173	$	20,890	$	18,131
R&D expense	3,682		2,842		11,180		11,683
Cost of product revenue (1)	120		32		329		50
Total	$	10,976	$	7,047	$	32,399	$	29,864

Share-based compensation capitalized into inventory $ 347  $ 184  $ 1,035  $ 510 

(1) Share-based compensation capitalized into inventory is recognized as cost of product revenue when the related product is sold.