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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Stock-based Compensation Activity, by Award Type The Company's stock-based compensation activity for the nine months ended December 31, 2022 and 2021, by award type, was (dollars in thousands):
For the nine months ended
December 31,
20222021
Stock options$776 $1,541 
Restricted stock units70,612 37,810 
Diablo restricted stock awards— 660 
Data Plus Math ("DPM") acquisition consideration holdback2,031 6,092 
Pacific Data Partners assumed performance plan— 6,826 
Acuity performance plan673 1,558 
DataFleets acquisition consideration holdback4,532 4,529 
Employee stock purchase plan1,527 1,282 
Directors stock-based compensation991 1,177 
Total non-cash stock-based compensation included in the condensed consolidated statements of operations81,142 61,475 
Less expense related to liability-based equity awards(7,237)(18,237)
Total non-cash stock-based compensation included in the condensed consolidated statements of equity$73,905 $43,238 
Schedule of Effect of Stock-based Compensation Expense on Income, by Financial Statement Line Item
The effect of stock-based compensation expense on income, by financial statement line item, was (dollars in thousands):
For the nine months ended
December 31,
20222021
Cost of revenue$3,664 $2,906 
Research and development34,670 21,796 
Sales and marketing17,871 20,871 
General and administrative24,937 15,902 
Total non-cash stock-based compensation included in the condensed consolidated statements of operations$81,142 $61,475 
Schedule of Share-based Compensation Arrangement by Share Based Payment Award, Future Expense The following table provides the expected future expense for all of the Company's outstanding equity awards at December 31, 2022, by award type. The amount for 2023 represents the remaining three months ending March 31, 2023. All other periods represent fiscal years ending March 31 (dollars in thousands).
For the years ending March 31,
2023202420252026Total
Stock options$203 $668 $157 $— $1,028 
Restricted stock units20,108 73,695 61,170 15,526 170,499 
Acuity performance plan142 165 — — 307 
DataFleets acquisition consideration holdback1,078 2,266 — — 3,344 
Employee stock purchase plan554 375 — — 929 
Expected future expense$22,085 $77,169 $61,327 $15,526 $176,107 
Schedule of Option Activity Stock option activity for the nine months ended December 31, 2022 was:  
Weighted-average
Weighted-averageremainingAggregate
Number ofexercise pricecontractual termIntrinsic value
sharesper share(in years)(in thousands)
Outstanding at March 31, 2022730,004 $16.28 
Exercised(198,563)$11.16 $3,634 
Forfeited or canceled(2,690)$3.39 
Outstanding at December 31, 2022528,751 $18.26 1.9$2,736 
Exercisable at December 31, 2022513,991 $18.76 1.8$2,403 
Schedule of Stock Options Outstanding and Exercisable
A summary of stock options outstanding and exercisable as of December 31, 2022 was:
Options outstandingOptions exercisable
Range ofWeighted-averageWeighted-averageWeighted-average
exercise priceOptionsremainingexercise priceOptionsexercise price
per shareoutstandingcontractual lifeper shareexercisableper share
$— $9.99 44,813 6.1 years$0.97 30,053 $1.02 
$10.00 $19.99 182,603 2.4 years$17.49 182,603 $17.49 
$20.00 $24.99 301,335 1.0 years$21.31 301,335 $21.31 
528,751 1.9 years$18.26 513,991 $18.76 
Schedule of Changes in Restricted Stock Changes in the Company's restricted stock awards for the nine months ended December 31, 2022 was:
Weighted-average
fair value perWeighted-average
Numbershare at grantremaining contractual
of sharesdateterm (in years)
Unvested restricted stock awards at March 31, 202224,766 $47.29 2.17
Vested(8,120)$47.29 
Unvested restricted stock awards at December 31, 202216,646 $47.29 1.42
Schedule of Time-vesting Restricted Stock Unit Activity RSU activity for the nine months ended December 31, 2022 was:
Weighted-average
fair value perWeighted-average
Numbershare at grantremaining contractual
of sharesdateterm (in years)
Outstanding at March 31, 20224,176,682 $47.00 2.85
Granted4,277,207 $24.62 
Vested(1,287,052)$46.78 
Forfeited or canceled(1,237,106)$37.18 
Outstanding at December 31, 20225,929,731 $32.95 2.39
Schedule of Non-vested Performance-based Restricted Stock Units Activity PSU activity for the nine months ended December 31, 2022 was:
Weighted-average
fair value perWeighted-average
Numbershare at grantremaining contractual
of sharesdateterm (in years)
Outstanding at March 31, 2022584,468 $51.26 1.01
Granted406,501 $24.65 
Vested(134,671)$45.96 
Forfeited or canceled(146,709)$61.20 
Outstanding at December 31, 2022709,589 $34.97 1.62