v3.22.4
Share-based Compensation (Tables)
 9 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Activity for Stock Options
The following table summarizes activity for stock options during the period ended December 31, 2022:
Number of Options
Weighted Average
Exercise Price
Weighted Average Remaining Contractual Term Aggregate Intrinsic Value
(in thousands)(per share)(years)(in thousands)
Balance, March 31, 20226,968 $21.87 7.6$176,839 
Exercised(643)23.49 
Forfeited or expired(636)24.93 
Balance, December 31, 20225,689 $21.35 6.0$99,122 
Options vested and expected to vest at December 31, 20225,689 $21.35 6.0$99,122 
Options vested and exercisable at December 31, 20224,082 $19.99 6.0$75,835 
Summary of Activity for Restricted Shares
The following table provides a summary of the changes in the number of restricted stock awards (“RSAs”) and restricted stock units (“RSUs”) for the period ended December 31, 2022:
Number of
 RSAs
Weighted Average
Grant Date Fair Value
Number of RSUsWeighted Average
Grant Date Fair Value
(in thousands)(per share)(in thousands)(per share)
Balance, March 31, 2022202 $16.00 5,180 $42.43 
Granted— — 6,482 40.29 
Vested(170)16.00 (1,727)39.00 
Forfeited(15)16.00 (951)42.51 
Balance, December 31, 202217 $16.00 8,984 $41.46 
Schedule of Share-based Compensation Expense
The following table summarizes the components of total share-based compensation expense included in the condensed consolidated financial statements for each period presented (in thousands):
Three Months Ended December 31,Nine Months Ended December 31,
2022202120222021
Cost of revenue$4,285 $3,405 $13,410 $9,542 
Research and development11,057 5,908 29,339 15,331 
Sales and marketing13,385 9,267 37,399 26,487 
General and administrative6,777 8,543 24,705 20,590 
Total share-based compensation$35,504 $27,123 $104,853 $71,950