Convertible Senior Notes and Term Loan (Tables)
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12 Months Ended |
Mar. 31, 2026 |
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| Debt Disclosure [Abstract] |
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| Schedule of Convertible Debt |
Components of convertible senior notes and term loans were as follows as of March 31, 2026 and 2025, respectively (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | March 31, 2025 | | 2024 Term Loan | | | | 2028 Notes | | | | Total | | 2024 Term Loan | | 2028 Notes | | | | Total | | Principal | $ | 122,000 | | | | | $ | 201,914 | | | | | $ | 323,914 | | | $ | 152,000 | | | $ | 201,914 | | | | | $ | 353,914 | | | Unamortized debt discount and issuance costs | (351) | | | | | (2,084) | | | | | (2,435) | | | (826) | | | (3,124) | | | | | (3,950) | | | Net carrying amount | $ | 121,649 | | | | | $ | 199,830 | | | | | $ | 321,479 | | | $ | 151,174 | | | $ | 198,790 | | | | | $ | 349,964 | | | Current portion of long-term debt | 39,218 | | | | | — | | | | | 39,218 | | | 11,593 | | | — | | | | | 11,593 | | | Non-current portion of long-term debt | $ | 82,431 | | | | | $ | 199,830 | | | | | $ | 282,261 | | | $ | 139,581 | | | $ | 198,790 | | | | | $ | 338,371 | |
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| Schedule of Interest Expense |
Components of interest expense were as follows as of the year ended March 31, 2026, 2025, and 2024, respectively (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended March 31, 2026 | | Year Ended March 31, 2025 | | Year Ended March 31, 2024 | | Contractual interest expense | | Amortization1 | | Total | | Contractual interest expense | | Amortization1 | | Total | | Contractual interest expense | | Amortization1 | | Total | | 2024 Term Loan | $ | 9,245 | | | $ | 329 | | | $ | 9,574 | | | $ | 8,828 | | | $ | 362 | | | $ | 9,190 | | | $ | — | | | $ | — | | | $ | — | | | 2022 Term Loan | — | | | — | | | — | | | 9,466 | | | 1,110 | | | 10,576 | | | 27,022 | | | 3,135 | | | 30,157 | | | 2028 Notes | 8,077 | | | 1,040 | | | 9,117 | | | 8,096 | | | 994 | | | 9,090 | | | 8,065 | | | 974 | | | 9,039 | | | 2024 Notes | — | | | — | | | — | | | — | | | — | | | — | | | 265 | | | 363 | | | 628 | | | Total debt interest2 | $ | 17,322 | | | $ | 1,369 | | | $ | 18,691 | | | $ | 26,390 | | | $ | 2,466 | | | $ | 28,856 | | | $ | 35,352 | | | $ | 4,472 | | | $ | 39,824 | |
The 2024 Term Loan (as defined below) is the Company’s senior secured obligation and ranks senior in right of payment to any of the Company’s indebtedness. The 2028 Notes are the Company’s senior unsecured obligation but rank junior in right of payment to any of the Company’s secured indebtedness to the extent of such security.
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| Schedule of Debt Repayments |
The Company completed the following principal payments during the years ended March 31, 2026 and 2025, respectively (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended March 31, 2026 | | Year Ended March 31, 2025 | | Payment Date | | Amount | | Quarterly Payment Due Date(s) | | Payment Date | | Amount | | Quarterly Payment Due Date(s) | | 4/11/2025 | | $ | 15,000 | | | 12/31/25, 3/31/26, 6/30/26 | | 10/7/2024 | | $ | 15,000 | | | 10/31/24, 12/31/24 | | 7/29/2025 | | 10,000 | | | 7/31/2027 | | 11/1/2024 | | 18,000 | | | 3/31/25, 6/30/25, 9/30/25 | | 10/31/2025 | | 5,000 | | | 6/30/2026 | | 1/10/2025 | | 15,000 | | | 9/30/25 and 12/31/25 | | Total | | $ | 30,000 | | | | | Total | | $ | 48,000 | | | |
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