v3.26.1
STOCK PLANS (Tables)
12 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense

The following is a summary of share-based compensation expense including restricted stock units and performance-based restricted stock units granted pursuant to the Company's 2019 Plan, and employee stock purchases made under the ESPP, based on estimated fair values within the applicable cost and expense lines identified below (in thousands):

 

 

 

Fiscal Years Ended March 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Cost of product revenue

 

$

1,283

 

 

$

1,296

 

 

$

1,330

 

Cost of service revenue

 

 

8,547

 

 

 

8,510

 

 

 

8,899

 

Research and development

 

 

17,479

 

 

 

17,956

 

 

 

19,281

 

Sales and marketing

 

 

20,721

 

 

 

22,765

 

 

 

25,375

 

General and administrative

 

 

11,918

 

 

 

14,258

 

 

 

15,914

 

 

 

$

59,948

 

 

$

64,785

 

 

$

70,799

 

Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

Transactions under the 2019 Plan during the fiscal years ended March 31, 2026, 2025 and 2024 are summarized in the table below.

 

 

 

Restricted Stock Units

 

 

 

Number of
Awards

 

 

Weighted
Average
Fair Value

 

Outstanding – March 31, 2024

 

 

5,920,671

 

 

$

30.50

 

Granted

 

 

2,449,057

 

 

 

18.84

 

Vested

 

 

(2,205,063

)

 

 

30.20

 

Canceled

 

 

(418,676

)

 

 

29.02

 

Outstanding – March 31, 2025

 

 

5,745,989

 

 

$

25.75

 

Granted

 

 

2,161,960

 

 

 

23.13

 

Vested

 

 

(2,142,100

)

 

 

27.63

 

Canceled

 

 

(350,241

)

 

 

25.78

 

Outstanding – March 31, 2026

 

 

5,415,608

 

 

$

23.96

 

Schedule of Aggregate Intrinsic Values of Stock Options and Restricted Stock Units

The aggregate intrinsic value of stock options exercised, and the fair value of restricted stock units vested at March 31, 2026, 2025 and 2024 were as follows (in thousands):

 

 

 

Fiscal Years Ended March 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Total fair value of restricted stock unit awards vested

 

$

49,927

 

 

$

43,733

 

 

$

61,130