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Balance Sheet Components
3 Months Ended
Jun. 30, 2021
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components

6.      Balance Sheet Components

Property and Equipment, Net

Property and equipment, net consisted of the following:

 

 

 

June 30,

 

 

March 31,

 

 

 

2021

 

 

2021

 

 

(in thousands)

 

Computer and software

 

$

13,371

 

 

$

13,252

 

Laboratory equipment and software

 

 

49,379

 

 

 

48,636

 

Furniture and office equipment

 

 

8,803

 

 

 

8,803

 

Leasehold improvements

 

 

39,715

 

 

 

39,668

 

Capitalized asset retirement obligations

 

 

853

 

 

853

 

Property and equipment, gross

 

 

112,121

 

 

 

111,212

 

Less: accumulated depreciation and amortization

 

 

(54,421

)

 

 

(50,328

)

Property and equipment, net

 

$

57,700

 

 

$

60,884

 

 

 

Depreciation and amortization expense was $4.1 million and $5.1 million for three months ended June 30, 2021 and 2020, respectively.

Internal-use Software, Net

 

 

 

June 30,

 

 

March 31,

 

 

 

2021

 

 

2021

 

 

 

(in thousands)

 

Capitalized internal-use software

 

$

10,088

 

 

$

9,200

 

Less: accumulated amortization

 

 

(2,956

)

 

 

(2,311

)

Internal-use software, net

 

$

7,132

 

 

$

6,889

 

 

For the three months ended June 30, 2021 and 2020, amortization expense related to internal-use software was $0.6 million and $0.3 million, respectively, including approximately $0.1 million and $0.1 million, respectively, of stock-based compensation expense. Impairment to internal-use software was nil and $0.2 million for the three months ended June 30, 2021 and 2020.

Accrued Expense and Other Current Liabilities

Accrued expense and other current liabilities consisted of the following:

 

 

 

June 30,

 

 

March 31,

 

 

 

2021

 

 

2021

 

 

 

(in thousands)

 

Accrued payables

 

$

21,371

 

 

$

19,869

 

Accrued compensation and benefits

 

 

11,281

 

 

 

11,749

 

Accrued taxes

 

 

190

 

 

166

 

Other

 

 

187

 

 

169

 

Total accrued expenses and other current liabilities

 

$

33,029

 

 

$

31,953