Retirement Benefit Plans

12 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

Retirement Benefit Plans

16. Retirement Benefit Plans

The Company has established a 401(k) retirement plan that allows participating employees in the U.S. to contribute as defined by the plan and is subject to limitations under Section 401(k) of the Internal Revenue Code of 1986, as amended. The Company matches the greater of 100% of the first 2% or 100% of the first $2,300 (subject to annual compensation and contribution limits) of employee contributions. The Company recognized matching contributions cost of $2.6 million, $1.7 million and $1.5 million for the fiscal years ended March 31, 2023, 2022 and 2021, respectively.