XML 31 R21.htm IDEA: XBRL DOCUMENT v3.22.2.2
STOCK-BASED COMPENSATION
 6 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
The following table summarizes stock-based compensation expense recognized in the condensed consolidated statements of operations: 
 Three Months Ended
September 30,		Six Months Ended
September 30,
 2022202120222021
Cost of revenue$9,654 $6,712 $17,136 $12,597 
General and administrative expenses8,872 9,272 15,086 15,831 
Total$18,526 $15,984 $32,222 $28,428 
The following table summarizes the total stock-based compensation expense recognized in the condensed consolidated statements of operations by the following types of equity awards:
 Three Months Ended
September 30,		Six Months Ended
September 30,
 2022202120222021
Equity Incentive Plan Options$681 $652 $1,233 $1,225 
Restricted Stock and other awards$17,845 15,332 30,989 27,203 
Total$18,526 $15,984 $32,222 $28,428 
As of September 30, 2022, there was $85.9 million of total unrecognized compensation cost related to unvested stock-based compensation agreements. The unrecognized compensation cost as of September 30, 2022 is expected to be fully amortized over the next 5.0 years. Absent the effect of accelerating stock compensation cost for any departures of employees who may continue to vest in their equity awards, the following table summarizes the unrecognized compensation cost and the weighted-average period the cost is expected to be amortized.
September 30, 2022
Unrecognized Compensation CostWeighted Average Remaining Period to be Recognized (in years)
Equity Incentive Plan Options$5,112 3.97
Restricted Stock and other Awards80,753 1.88
Total$85,865 
Equity Incentive Plan
As of September 30, 2022, there were 1.3 million EIP options outstanding, of which 0.6 million were unvested.
During the three months ended September 30, 2022, the Board of Directors granted 0.1 million restricted stock units to certain employees of the Company. The aggregate value of these awards was $8.9 million based on the grant date stock price.