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Balance Sheet Components (Tables)
3 Months Ended
Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract]  
Property and Equipment, Net

Property and equipment, net consisted of the following:

 

 

 

June 30, 2023

 

 

March 31, 2023

 

 

 

(in thousands)

 

Computer and software

 

$

10,015

 

 

$

10,376

 

Laboratory equipment and software

 

 

52,689

 

 

 

52,785

 

Furniture and office equipment

 

 

8,953

 

 

 

8,946

 

Leasehold improvements

 

 

40,955

 

 

 

40,964

 

Capitalized asset retirement obligations

 

 

853

 

 

853

 

Property and equipment, gross

 

 

113,465

 

 

 

113,924

 

Less: accumulated depreciation and amortization

 

 

(77,761

)

 

 

(75,316

)

Property and equipment, net

 

$

35,704

 

 

$

38,608

 

Schedule of internal use software

Internal-use software, net consisted of the following:

 

 

June 30, 2023

 

 

March 31, 2023

 

 

 

(in thousands)

 

Capitalized internal-use software

 

$

28,649

 

 

$

25,180

 

Less: accumulated amortization

 

 

(10,767

)

 

 

(9,519

)

Internal-use software, net

 

$

17,882

 

 

$

15,661

 

Summary of Intangible Assets, Net

Intangible assets, net consisted of the following:

 

 

 

June 30, 2023

 

 

 

Weighted Average Remaining Useful Life
(Years)

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

 

(in thousands, except years)

 

Customer relationships

 

 

0.3

 

 

$

14,900

 

 

$

(12,417

)

 

$

2,483

 

Partnerships

 

 

8.3

 

 

 

9,000

 

 

 

(1,500

)

 

 

7,500

 

Trademark

 

 

3.3

 

 

 

11,000

 

 

 

(3,666

)

 

 

7,334

 

Developed technology

 

 

5.3

 

 

 

24,100

 

 

 

(5,738

)

 

 

18,362

 

Non-compete agreements

 

 

3.3

 

 

 

2,800

 

 

 

(933

)

 

 

1,867

 

Patents

 

 

5.2

 

 

 

5,500

 

 

 

(1,368

)

 

 

4,132

 

Total intangible assets

 

 

 

 

$

67,300

 

 

$

(25,622

)

 

$

41,678

 

 

 

 

March 31, 2023

 

 

 

Weighted Average Remaining Useful Life
(Years)

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Cumulative Impairment Charge

 

 

Cumulative Currency Translation

 

 

Net Carrying Amount

 

 

 

(in thousands, except years)

 

Customer relationships

 

 

0.6

 

 

$

14,900

 

 

$

(10,554

)

 

$

 

 

$

 

 

$

4,346

 

Partnerships

 

 

8.6

 

 

 

23,200

 

 

 

(4,385

)

 

 

(9,968

)

 

 

(1,122

)

 

 

7,725

 

Trademark

 

 

3.6

 

 

 

11,000

 

 

 

(3,117

)

 

 

 

 

 

 

 

 

7,883

 

Developed technology

 

 

5.6

 

 

 

24,100

 

 

 

(4,877

)

 

 

 

 

 

 

 

 

19,223

 

Non-compete agreements

 

 

3.6

 

 

 

2,800

 

 

 

(793

)

 

 

 

 

 

 

 

 

2,007

 

Patents

 

 

5.5

 

 

 

5,500

 

 

 

(1,164

)

 

 

 

 

 

 

 

 

4,336

 

Total intangible assets

 

 

 

 

$

81,500

 

 

$

(24,890

)

 

$

(9,968

)

 

$

(1,122

)

 

$

45,520

 

Summary of Future Amortization of Intangible Assets

Estimated future amortization expense of the identified intangible assets as of June 30, 2023 was as follows:

 

 

 

Estimated Amortization

 

 

 

(in thousands)

 

Fiscal years ending March 31,

 

 

 

Remainder of 2024 (Remaining nine months)

 

$

8,423

 

2025

 

 

7,919

 

2026

 

 

7,919

 

2027

 

 

6,769

 

2028

 

 

5,006

 

Thereafter

 

 

5,642

 

Total estimated future amortization expense

 

$

41,678

 

Schedule of Accrued Expense and Other Current Liabilities

Accrued expense and other current liabilities consisted of the following:

 

 

June 30, 2023

 

 

March 31, 2023

 

 

 

(in thousands)

 

Accrued payables

 

$

13,132

 

 

$

17,030

 

Accrued compensation and benefits

 

 

15,104

 

 

 

14,737

 

Accrued bonus

 

 

5,638

 

 

 

21,600

 

Accrued clinical expenses

 

 

14,998

 

 

 

11,707

 

Accrued taxes and other

 

 

1,343

 

 

 

1,356

 

Total accrued expenses and other current liabilities

 

$

50,215

 

 

$

66,430