STOCK-BASED COMPENSATION- (Tables)

3 Months Ended

Jun. 30, 2023

Equity [Abstract]

Schedule of Stock-based Compensation Activity, by Award Type

The Company's stock-based compensation activity for the three months ended June 30, 2023 and 2022, by award type, was (dollars in thousands):

	For the three months ended
	June 30,
	2023		2022
Stock options	$	173	$	309
Restricted stock units	11,567		19,062
Diablo restricted stock awards	—		127
Data Plus Math ("DPM") acquisition consideration holdback	—		2,030
Acuity performance plan	142		354
DataFleets acquisition consideration holdback	648		1,511
Employee stock purchase plan	449		480
Directors stock-based compensation	313		352
Total non-cash stock-based compensation included in the condensed consolidated statements of operations	13,292		24,225
Less expense related to liability-based equity awards	(790)		(4,468)
Total non-cash stock-based compensation included in the condensed consolidated statements of equity	$	12,502	$	19,757

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 three months ended
	June 30,
	2023		2022
Cost of revenue	$	629	$	1,163
Research and development	5,077		11,656
Sales and marketing	3,736		5,884
General and administrative	3,850		5,522
Total non-cash stock-based compensation included in the condensed consolidated statements of operations	$	13,292	$	24,225

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 June 30, 2023, by award type. The amount for fiscal 2024 represents the remaining nine months ending March 31, 2024. All other periods represent fiscal years ending March 31 (dollars in thousands).

	For the years ending March 31,
	2024		2025		2026		2027		Total
Stock options	$	372	$	125	$	—	$	—	$	497
Restricted stock units	50,994		74,468		25,169		633		151,264
Acuity performance plan	24		—		—		—		24
DataFleets acquisition consideration holdback	1,619		—		—		—		1,619
Employee stock purchase plan	598		—		—		—		598
Expected future expense	$	53,607	$	74,593	$	25,169	$	633	$	154,002

Schedule of Option Activity

Stock option activity for the three months ended June 30, 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, 2023	524,911	$	18.39
Exercised	(140,046)	$	20.90		$	486
Forfeited or canceled	(1,027)	$	10.24
Outstanding at June 30, 2023	383,838	$	17.50	1.8	$	4,245
Exercisable at June 30, 2023	376,904	$	17.80	1.7	$	4,054

Schedule of Stock Options Outstanding and Exercisable

A summary of stock options outstanding and exercisable as of June 30, 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	36,585	5.0 years	$	0.99	29,651	$	0.99
$	10.00	—	$	19.99	182,603	1.9 years	$	17.49	182,603	$	17.49
$	20.00	—	$	24.99	164,650	1.0 years	$	21.18	164,650	$	21.18
					383,838	1.8 years	$	17.50	376,904	$	17.80

Schedule of Time-vesting Restricted Stock Unit Activity

RSU activity for the three months ended June 30, 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, 2023	4,009,759	$	32.57	2.20
Granted	1,336,473	$	25.01
Vested	(243,600)	$	32.54
Forfeited or canceled	(193,374)	$	35.31
Outstanding at June 30, 2023	4,909,258	$	30.41	2.06

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

PSU activity for the three months ended June 30, 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, 2023	709,589	$	34.97	1.01
Granted	539,740	$	25.37
Vested	(25,134)	$	47.25
Forfeited or canceled	(219,823)	$	40.35
Outstanding at June 30, 2023	1,004,372	$	28.33	2.16