v3.26.1
Income Taxes (Tables)
 12 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
Income from continuing operations before provision for income taxes for the Company's domestic and international operations was as follows (in thousands):
March 31, 2026March 31, 2025March 31, 2024
Domestic$(6,932)$(25,368)$(66,585)
International10,458 1,305 2,635 
Income (loss) before provision for income taxes$3,526 $(24,063)$(63,950)
Schedule of Components of Income Tax Expense (Benefit) The components of the consolidated provision for income taxes for fiscal 2026, 2025, and 2024 consisted of the following (in thousands):
Current:March 31, 2026March 31, 2025March 31, 2024
Federal$129 $505 $714 
State290 1,065 2,384 
Foreign1,459 1,579 544 
Total current income tax provision$1,878 $3,149 $3,642 
Cash paid for income taxes, net of refunds, by jurisdiction pursuant to the disclosure requirements of ASU 2023-09 for the year ended March 31, 2026 is as follows (in thousands):
Year Ended March 31, 2026
U.S. federal taxes$— 
U.S. state taxes780 
Non U.S. taxes1,620 
Total income taxes paid, net$2,400 
Income taxes paid exceed 5% of total income taxes paid, net of refunds, in the following jurisdictions (in thousands):
Year Ended March 31, 2026
U.S. states
Massachusetts$330 
Illinois240 
Texas208 
New Jersey(125)
Non U.S. Taxes
Indonesia202 
Romania424 
United Kingdom590 
Schedule of Deferred Tax Assets and Liabilities
Deferred tax assets and (liabilities) were comprised of the following (in thousands):
 March 31, 2026March 31, 2025
Deferred tax assets:
Net operating loss carryforwards$262,720 $268,818 
Research and development and other credit carryforwards28,303 27,565 
Stock-based compensation6,046 6,600 
Reserves and allowances14,767 14,441 
Operating lease liability14,527 15,997 
Capitalized IRC 174 costs69,907 74,610 
Fixed assets and intangibles9,563 6,282 
Gross deferred tax assets405,833 414,313 
Valuation allowance(373,937)(368,773)
Total deferred tax assets$31,896 $45,540 
Deferred tax liabilities:
Intangibles(5,841)(15,172)
Deferred contract acquisition costs(17,685)(21,004)
Operating lease, right-of-use asset(8,484)(9,478)
Net deferred taxes$(114)$(114)
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of the provision for income taxes to the amount computed by applying the 21% statutory U.S. federal income tax rate to income before income taxes after the adoption of ASU 2023-09 is as follows (in thousands):
March 31, 2026
AmountPercentage
Tax provision at federal statutory rate$740 21.0 %
State and local income taxes, net of federal income tax effect1139 3.9 %
Effect of cross border tax laws
Foreign income taxed in the United States1,683 47.7 %
Foreign-Derived Intangible Income (FDII) deduction(249)(7.1)%
GILTI Deduction(37)(1.1)%
Tax credits
Federal research and development tax credits(769)(21.8)%
Changes in valuation allowance(1,185)(33.6)%
Nontaxable or nondeductible items
Excess tax benefit on stock awards1,368 38.8 %
Other share-based payment award related items409 11.6 %
Meals and Entertainment190 5.4 %
162(m) limitation176 5.0 %
Other89 2.5 %
Changes in unrecognized tax benefits(42)(1.2)%
Other
Return to provision adjustments104 2.9 %
Foreign tax effects
Singapore
Changes in valuation allowance(284)(8.1)%
Statutory rate difference between Singapore and United States(58)(1.6)%
Netherlands
Foreign exchange gains/losses(127)(3.6)%
Other(49)(1.4)%
Romania
Statutory rate difference between Romania and United States(128)(3.6)%
United Kingdom
Foreign exchange gains/losses(254)(7.2)%
Statutory rate difference between United Kingdom and United States164 4.7 %
Other(25)(0.7)%
Other foreign jurisdictions223 0.6 %
Total$1,878 53.1 %
A reconciliation of the provision for income taxes to the amount computed by applying the 21% statutory US federal income tax rate to income before income taxes for years prior to the adoption of ASU 2023-09 is as follows (in thousands):
 Year Ended March 31,
 20252024
Tax benefit at statutory rate$(5,053)$(13,429)
State income taxes before valuation allowance, net of federal effect(1,404)(2,821)
Foreign tax rate differential1,621 (8)
Research and development credits(454)714 
Change in valuation allowance5,195 7,908 
Compensation/option differences4,253 8,449 
Non-deductible compensation1,625 2,612 
Foreign-derived intangible income deduction(602)— 
Other(2,032)217 
Total income tax provision$3,149 $3,642 
Schedule of Unrecognized Tax Benefits Roll Forward A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
 Year Ended March 31,
 202620252024
Balance at beginning of year$10,074 $10,811 $10,113 
Gross increases - tax positions in prior period69 — 1,457 
Gross increases - tax positions related to the current year258 165 431 
Gross decreases - tax positions in prior period(236)(903)(337)
Settlements— — (287)
Lapse of statute of limitations— — (512)
Other— 1 (54)
Balance at end of year$10,165 $10,074 $10,811