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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net income $ 59,008 $ 48,682
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,208 4,959
Deferred income taxes 0 105
Stock-based compensation, net of amounts capitalized 27,448 20,859
Non-cash lease expense 1,077 952
Amortization of premium (accretion of discount) on marketable securities, net (1,794) 2,673
Loss on sale and redemption of marketable securities 142 500
Amortization of deferred contract costs 4,730 4,839
Other (15) 7
Changes in operating assets and liabilities, net of effect of acquisition:    
Accounts receivable 9,644 2,194
Prepaid expenses and other assets (10,504) 3,651
Deferred contract costs (2,448) (2,342)
Accounts payable, accrued expenses and other liabilities (8,063) (4,474)
Deferred revenue (13,753) 1,872
Operating lease liabilities (582) (211)
Net cash provided by operating activities 70,098 84,266
Cash flows from investing activities    
Cash paid for acquisition 0 (53,500)
Purchases of property and equipment (111) (1,476)
Internal-use software development costs (2,732) (2,466)
Purchases of marketable securities (180,226) (91,177)
Maturities of marketable securities 212,768 24,438
Sales of marketable securities 37,525 64,158
Net cash provided by (used in) investing activities 67,224 (60,023)
Cash flows from financing activities    
Proceeds from issuance of common stock upon exercise of stock options and common stock warrants 7,218 5,584
Proceeds from issuance of common stock in connection with the employee stock purchase plan 1,494 2,341
Taxes paid related to net share settlement of equity awards (4,084) (1,261)
Repurchase of common stock (186,184) (70,042)
Payment of contingent consideration related to a business combination (5,390) 0
Net cash used in financing activities (186,946) (63,378)
Net decrease in cash and cash equivalents (49,624) (39,135)
Cash and cash equivalents, beginning of period 158,027 112,809
Cash and cash equivalents, end of period 108,403 73,674
Supplemental disclosures of cash flow information    
Cash paid for taxes, net of refunds 29,438 123
Non-cash financing and investing activities    
Fair value of contingent earn-out consideration included in purchase consideration 0 21,134
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 0 14,759
Share repurchases included in accrued expenses 5,003 0
Excise tax payable on share repurchases $ 1,030 $ 0