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Stock-Based Compensation
 6 Months Ended
Sep. 30, 2024
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,
 2024202320242023
Cost of revenue$9,464 $9,038 $16,823 $16,952 
General and administrative expenses16,320 10,787 28,889 20,558 
Total$25,784 $19,825 $45,712 $37,510 
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, 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:
 Three Months Ended
September 30,		Six Months Ended
September 30,
 2024202320242023
Equity Incentive Plan Options$262 $374 $510 $694 
Restricted Stock and other awards25,522 19,451 45,202 36,816 
Total$25,784 $19,825 $45,712 $37,510 
As of September 30, 2024, there was $114.5 million of total unrecognized compensation cost related to unvested stock-based compensation agreements. Absent the effect of forfeiture or acceleration of stock compensation cost for any departures of employees, the following table summarizes the unrecognized compensation cost and the weighted-average period the cost is expected to be amortized (excludes any future award):
September 30, 2024
Unrecognized Compensation CostWeighted Average Remaining Period to be Recognized (in years)
Equity Incentive Plan Options$1,885 3.26
Restricted Stock Awards112,572 1.92
Total$114,457 
Equity Incentive Plan
During the three and six months ended September 30, 2024, the Board of Directors granted 0.1 million and 0.6 million, respectively, time-based and performance-based restricted stock units to certain employees of the Company. The aggregate value of these awards was $9.5 million and $92.0 million for each respective period based on the grant date fair value. The performance-based awards granted during the six months ended September 30, 2024 included additional market conditions related to the Company’s total shareholder return relative to its peer group over the three-year performance period. The Company recognizes compensation expense for these performance-based awards with market conditions based on the grant-date fair value calculated using a Monte Carlo model.