XML 255 R50.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Stock-based Compensation (Tables)
12 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense Recognized in the Condensed Consolidated Statements of Operations
The following table summarizes stock-based compensation expense recognized in the consolidated statements of operations: 
 Fiscal Year Ended March 31,
 202420232022
Cost of revenue$43,995 $43,378 $36,836 
General and administrative expenses50,987 36,894 32,948 
Total$94,982 $80,272 $69,784 
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,
 202420232022
Equity Incentive Plan Options$1,319 $2,550 $1,793 
Restricted Stock and Other Awards93,663 77,722 67,991 
Total$94,982 $80,272 $69,784 
Schedule of Unrecognized Compensation Cost Absent the effect of forfeiture or acceleration of stock compensation cost for departures of employees, the following tables summarize the unrecognized compensation cost and the weighted average period the cost is expected to be amortized (excludes any future award): 
Unrecognized Compensation CostWeighted Average Remaining Period to be Recognized
March 31,
2024
March 31,
2023
March 31,
2024
March 31,
2023
Equity Incentive Plan Options$2,592 $3,495 3.63.7
Restricted Stock and Other Awards59,706 47,451 1.71.8
Total$62,298 $50,946 
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, 2023
1,184,587 $87.08 
Granted982,447 98.94 
Vested949,651 90.79 
Forfeited106,720 96.81 
Unvested at March 31, 2024 (1)
1,110,663 $93.46 
(1) Unvested restricted stock includes 0.1 million shares of performance-based awards that completed the three-year performance period but remained unsettled at March 31, 2024, subject to the certification of final performance by the Compensation, Culture and People Committee of the Board of Directors.