v3.22.2.2
CONVERTIBLE SENIOR NOTES, TERM LOAN AND CAPPED CALLS (Tables)
 6 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Carrying Amount
The following table presents the net carrying amount of the Term Loan:
September 30, 2022
Principal$250,000 
Unamortized debt discount and issuance costs$(19,951)
Net carrying amount$230,049 
Schedule of Interest Expense Interest expense recognized related to the 2028 Notes was as follows:
Three and Six Months Ended September 30, 2022
Contractual interest expense$3,404 
Amortization of debt discount and issuance costs$433 
Total interest expense$3,837 
The debt discount and debt issuance costs are amortized to interest expense over the term of the 2024 Notes at an effective interest rate of 1.2%.

Three Months Ended September 30,Six Months Ended September 30,
 2022202120222021
Contractual interest expense$4,883 $453 $5,508 $906 
Amortization of debt discount and issuance costs1,169 4,463 2,000 8,855 
Total interest expense$6,052 $4,916 $7,508 $9,761 
Schedule of Convertible Debt
The following table presents the net carrying amount of the 2028 Notes:
September 30, 2022
Principal$201,914 
Unamortized debt discount and issuance costs$(4,829)
Net carrying amount$197,085 
The following table presents the net carrying amount and fair value of the liability component of the 2024 Notes:
September 30, 2022March 31, 2022
Principal$90,165 $500,000 
Unamortized debt discount(1) and issuance costs
(568)(52,548)
$89,597 $447,452 
(1) The debt discount as of March 31, 2022 represents the discount resulting from the allocation of the equity component (conversion option) from the liability component of the 2024 Notes, net of issuance premium, prior to the adoption of ASU 2020-06 on April 1, 2022. Upon the adoption of ASU 2020-06, the equity component was reversed. As a result, the September 30, 2022 debt discount represents only the issuance premium.