STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of Stock-based Compensation Activity, by Award Type

The Company's stock-based compensation activity for the twelve months ended March 31, 2023, 2022, and 2021, by award type, was (dollars in thousands):

	Year ended March 31,
	2023		2022		2021
Stock options	$	968	$	1,935	$	2,308
Restricted stock units	111,943		56,008		78,164
Diablo restricted stock awards	1,126		794		—
Data Plus Math ("DPM") acquisition consideration holdback	2,031		8,122		8,030
Pacific Data Partners assumed performance plan	—		9,101		18,388
Acuity performance plan	815		1,912		2,208
DataFleets acquisition consideration holdback	5,611		6,043		755
Employee stock purchase plan	2,051		1,803		704
Directors stock-based compensation	1,255		1,539		1,150
Total non-cash stock-based compensation included in the consolidated statements of operations	125,800		87,257		111,707
Less expense related to liability-based equity awards	(8,449)		(16,077)		(27,311)
Total non-cash stock-based compensation included in the consolidated statements of equity	$	117,351	$	71,180	$	84,396

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):

	Year ended March 31,
	2023		2022		2021
Cost of revenue	$	6,317	$	4,111	$	5,300
Research and development	55,407		32,112		38,960
Sales and marketing	29,429		28,586		40,401
General and administrative	34,647		22,448		27,046
Total non-cash stock-based compensation included in the consolidated statements of operations	$	125,800	$	87,257	$	111,707

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 March 31, 2023, by award type.

	For the years ending March 31,
	2024		2025		2026		Total
Stock options	$	583	$	125	$	—	$	708
Restricted stock units	49,579		59,676		15,304		124,559
Acuity performance plan	165		—		—		165
DataFleets acquisition consideration holdback	2,266		—		—		2,266
Employee stock purchase plan	361		—		—		361
Expected future expense	$	52,954	$	59,801	$	15,304	$	128,059

Schedule of Option Activity

Stock option activity for the twelve months ended March 31, 2023 was:  

				Weighted average
		Weighted average		remaining	Aggregate
	Number of	exercise price		contractual term	Intrinsic value
	shares	per share		(In years)	(In thousands)
Outstanding at March 31, 2022	730,004	$	16.28
Exercised	(200,559)	$	11.06		$	3,681
Forfeited or canceled	(4,534)	$	2.48
Outstanding at March 31, 2023	524,911	$	18.39	1.6	$	1,857
Exercisable at March 31, 2023	514,870	$	18.73	1.5	$	1,646

Schedule of Stock Options Outstanding and Exercisable

A summary of stock options outstanding and exercisable as of March 31, 2023 was:

					Options outstanding				Options exercisable
Range of						Weighted average	Weighted average			Weighted average
exercise price					Options	remaining	exercise price		Options	exercise price
per share					outstanding	contractual life	per share		exercisable	per share
$	—	—	$	9.99	40,973	5.7 years	$	0.98	30,932	$	1.01
$	10.00	—	$	19.99	182,603	2.1 years	$	17.49	182,603	$	17.49
$	20.00	—	$	24.99	301,335	0.8 years	$	21.31	301,335	$	21.31
					524,911	1.6 years	$	18.39	514,870	$	18.73

Schedule of Changes in Restricted Stock

Changes in the Company's restricted stock for the twelve months ended March 31, 2023 was:

		Weighted average
		fair value per		Weighted average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Unvested restricted stock awards at March 31, 2022	24,766	$	47.29
Diablo replacement restricted stock award	—	$	47.29
Vested	(24,766)	$	47.29
Unvested restricted stock awards at March 31, 2023	—	$	—	n/a

Schedule of Time-vesting Restricted Stock Unit Activity

RSU activity for the twelve months ended March 31, 2023 was:

		Weighted-average
		fair value per		Weighted-average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Outstanding at March 31, 2022	4,176,682	$	47.00	2.85
Granted	4,352,078	$	24.63
Vested	(1,614,868)	$	46.68
Units vested under the Company's March 2023 acceleration plan	(1,508,196)	$	30.42
Forfeited or canceled	(1,395,937)	$	37.07
Outstanding at March 31, 2023	4,009,759	$	32.57	2.20

Schedule of Non-vested Performance-based Restricted Stock Units Activity

PSU activity for the twelve months ended March 31, 2023 was:

		Weighted-average
		fair value per		Weighted-average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Outstanding at March 31, 2022	584,468	$	51.26	1.01
Granted	406,501	$	24.65
Vested	(134,671)	$	45.96
Forfeited or canceled	(146,709)	$	61.20
Outstanding at March 31, 2023	709,589	$	34.97	1.38