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Revenue Recognition
12 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Revenue Disaggregation
Revenue consisted of the following (in thousands):
Fiscal Year Ended March 31,
202420232022
Subscription$450,071 $389,739 $319,298 
Other25,351 29,313 24,250 
Total revenue$475,422 $419,052 $343,548 
Contract Balances
Changes in the Company’s deferred revenue balances were as follows (in thousands):
As of March 31,
20242023
Beginning balance$105,436 $84,985 
Additions, net, during the period469,342 439,503 
Revenue recognized from the beginning balance(104,437)(83,231)
Revenue recognized from contracts invoiced during the period(370,985)(335,821)
Ending balance$99,356 $105,436 
Included in the additions, net, during the fiscal year ended March 31, 2023 was $2.9 million of additions due to the AMiON acquisition which closed on April 1, 2022. See Note 8 — Business Combinations for additional information.
The Company’s unbilled revenue balances were $2.3 million and $2.2 million as of March 31, 2024 and 2023, respectively.
Deferred Contract Costs
The Company capitalized $8.6 million, $8.5 million, and $9.6 million of contract acquisition costs for the fiscal years ended March 31, 2024, 2023, and 2022, respectively. Amortization of deferred contract costs was $8.9 million, $8.8 million, and $9.8 million for the fiscal years ended March 31, 2024, 2023, and 2022, respectively. As of March 31, 2024, the Company’s current and non-current deferred contract cost balances were $5.0 million and $0.4 million, respectively. As of March 31, 2023, the Company’s current and non-current deferred contract cost balances were $5.1 million and $0.6 million, respectively. Deferred contract costs are periodically analyzed for impairment. There were no impairment losses relating to deferred contract costs during the fiscal years ended March 31, 2024, 2023, and 2022. Deferred contract costs, current are classified within prepaid expenses and other current assets on the consolidated balance sheets and amounts related to the prior year have been reclassified to conform to current period classification.