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Stock-based Compensation (Tables) | 12 Months Ended
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Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Summary of Stock-based Compensation Expense Recognized in the Consolidated Statements of Operations | The following table summarizes stock-based compensation expense recognized in the consolidated statements of operations:
| Fiscal Year Ended March 31,
| 2023 |  | 2022 |  | 2021
Cost of revenue | $ | 43,378 |  |  | $ | 36,836 |  |  | $ | 27,682 |
General and administrative expenses | 36,894 |  |  | 32,948 |  |  | 32,162 |
Total | $ | 80,272 |  |  | $ | 69,784 |  |  | $ | 59,844 |
The following table summarizes the total stock-based compensation expense recognized in the consolidated statements of operations by the following types of equity awards, including stock options, time-based and performance-based restricted stock awards. Compensation expense for performance-based awards is estimated at each reporting date using management's expectation of the probable achievement of the specified performance criteria of each tranche during the respective performance periods:
| Fiscal Year Ended March 31,
| 2023 |  | 2022 |  | 2021
Equity Incentive Plan Options | $ | 2,550 |  |  | $ | 1,793 |  |  | $ | 2,625 |
Restricted Stock and Other Awards | 77,722 |  |  | 67,991 |  |  | 57,219 |
Total | $ | 80,272 |  |  | $ | 69,784 |  |  | $ | 59,844 |
Schedule of Unrecognized Compensation Cost | Absent the effect of forfeiture or acceleration of stock compensation cost for any departures of employees, the following tables summarize the unrecognized compensation cost, the weighted average period the cost is expected to be amortized, and the estimated annual compensation cost for the future periods indicated below (excludes any future award):
|  | Unrecognized Compensation Cost |  | Weighted Average Remaining Period to be Recognized
|  | March 31, 2023 |  | March 31, 2022 |  | March 31, 2023 |  | March 31, 2022
Equity Incentive Plan Options |  | $ | 3,495 |  |  | $ | 2,359 |  |  | 3.7 |  | 3.2
Restricted Stock and Other Awards |  | 47,451 |  |  | 46,528 |  |  | 1.8 |  | 1.7
Total |  | $ | 50,946 |  |  | $ | 48,887 |  |  |  |  |
|  | Total Unrecognized Compensation Cost
|  | Total |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028
Equity Incentive Plan Options |  | $ | 3,495 |  |  | $ | 1,731 |  |  | $ | 997 |  |  | $ | 528 |  |  | $ | 222 |  |  | $ | 17 |
Restricted Stock and Other Awards |  | 47,451 |  |  | 31,669 |  |  | 15,013 |  |  | 769 |  |  | — |  |  | — |
Total |  | $ | 50,946 |  |  | $ | 33,400 |  |  | $ | 16,010 |  |  | $ | 1,297 |  |  | $ | 222 |  |  | $ | 17 |
Schedule of Unvested Restricted Stock Activity | The following table summarizes unvested restricted stock activity for the periods presented:
|  | Number of Shares |  | Weighted Average Grant Date Fair Value
Unvested Restricted Stock Awards |  |  |  |
Unvested at March 31, 2022 |  | 1,064,260 |  |  | $ | 79.29 |
Granted |  | 1,184,107 |  |  | 86.20 |
Vested |  | 903,523 |  |  | 77.68 |
Forfeited |  | 160,257 |  |  | 82.96 |
Unvested at March 31, 2023 |  | 1,184,587 |  |  | $ | 87.08 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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