Share-based Compensation (Tables)
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6 Months Ended |
Sep. 30, 2026 |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Summary of share-based compensation expense |
The following table summarizes the share-based compensation expense for grants included in the Consolidated Statements of Operations:
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Three Months Ended September 30, |
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Six Months Ended September 30, |
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(In thousands) |
|
2026 |
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|
2025 |
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|
2026 |
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|
2025 |
|
Product development |
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$ |
3,531 |
|
|
$ |
2,933 |
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|
$ |
7,292 |
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|
$ |
6,007 |
|
Sales and marketing |
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|
581 |
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|
|
478 |
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|
|
1,159 |
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|
|
977 |
|
General and administrative |
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|
2,181 |
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|
|
1,589 |
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|
|
3,830 |
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|
|
3,045 |
|
Total share-based compensation expense |
|
$ |
6,293 |
|
|
$ |
5,000 |
|
|
$ |
12,281 |
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|
$ |
10,029 |
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| Activity related SSARs award |
The following table summarizes the activity during the six months ended September 30, 2026 for SSARs awarded under our Equity Incentive Plans:
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(In thousands, except share and per share data) |
|
Number of
Rights |
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|
Weighted-Average
Exercise Price |
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|
Remaining
Contractual
Term |
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Aggregate
Intrinsic
Value |
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(per right) |
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(in years) |
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Outstanding at April 1, 2026 |
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315,983 |
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|
$ |
20.02 |
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Granted |
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— |
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— |
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Exercised |
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(47,419 |
) |
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|
20.02 |
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Forfeited |
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— |
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— |
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Expired |
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— |
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— |
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Outstanding at September 30, 2026 |
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268,564 |
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$ |
20.02 |
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|
0.7 |
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$ |
20,696 |
|
Exercisable at September 30, 2026 |
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|
268,564 |
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$ |
20.02 |
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|
0.7 |
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$ |
20,696 |
|
Vested at September 30, 2026 |
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|
268,564 |
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|
$ |
20.02 |
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|
0.7 |
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|
$ |
20,696 |
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| Activity related to restricted shares awarded by the Company |
The following table summarizes the activity during the six months ended September 30, 2026 for restricted shares awarded under our Equity Incentive Plans:
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Number of Shares |
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|
Weighted-Average Grant-Date Fair Value |
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(per share) |
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Outstanding at April 1, 2026 |
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|
74,792 |
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$ |
94.58 |
|
Granted |
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|
7,570 |
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|
|
79.25 |
|
Vested |
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(16,254 |
) |
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|
86.71 |
|
Forfeited |
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(1,257 |
) |
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|
90.85 |
|
Expected to vest at September 30, 2026 |
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|
64,851 |
|
|
$ |
94.85 |
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| Employee Stock [Member] |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Schedule of principal assumptions utilized in valuing service condition SARs |
We used the following inputs including principal assumptions for the following offering period reflected in our consolidated financial statements:
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Offering Period Ending |
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|
Offering Period Ended |
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|
Offering Period Ended |
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|
Offering Period Ended |
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December 31, 2026 |
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June 30, 2026 |
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December 31, 2025 |
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June 30, 2025 |
|
Grant date fair value |
|
$ |
108.89 |
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|
$ |
118.84 |
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$ |
115.19 |
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$ |
131.71 |
|
Risk-free interest rate over contractual term |
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|
4.02 |
% |
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|
3.62 |
% |
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|
4.30 |
% |
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|
4.31 |
% |
Expected term (in years) |
|
|
0.50 |
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|
|
0.49 |
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|
0.50 |
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|
|
0.49 |
|
Expected volatility |
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|
59.77 |
% |
|
|
45.17 |
% |
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|
60.10 |
% |
|
|
42.40 |
% |
|
| Restricted Stock Units (RSUs) [Member] |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Activity related to restricted shares awarded by the Company |
The following table summarizes the activity during six months ended September 30, 2026 for restricted stock units awarded under our Equity Incentive Plans:
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Number of Shares |
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Weighted-Average Grant-Date Fair Value |
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(per share) |
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Outstanding at April 1, 2026 |
|
|
290,955 |
|
|
$ |
128.87 |
|
Granted |
|
|
89,440 |
|
|
|
77.56 |
|
Vested |
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|
(7,099 |
) |
|
|
103.37 |
|
Forfeited |
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|
(7,400 |
) |
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|
129.22 |
|
Expected to vest at September 30, 2026 |
|
|
365,896 |
|
|
$ |
116.82 |
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| Summary of Valuation Assumptions and Fair value of Restricted Stock Units |
The following table summarizes the principal valuation assumptions utilized and the resulting fair value of restricted stock units subject to a market condition granted in fiscal 2027:
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2026 |
|
Risk-free interest rate over contractual term |
|
|
4.2 |
% |
Expected volatility |
|
|
49.0 |
% |
Weighted-average grant date fair value |
|
$60.33 - $73.76 |
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