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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2021

Income Tax Disclosure [Abstract]

Components of Income Before Income Taxes

The components of income (loss) before income taxes were as follows:

						Year Ended March 31,
						2021						2020						2019
Domestic						$	(28,628)					$	(16,670)					$	(1,762)
Foreign						7,393						4,124						12,189
						$	(21,235)					$	(12,546)					$	10,427

Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) were as follows:

						Year Ended March 31,
						2021						2020						2019
Current:
Federal						$	3,399					$	(10,071)					$	(1,772)
State						196						(613)						103
Foreign						6,215						5,566						8,371
Deferred:
Federal						(113)						284						144
State						—						—						—
Foreign						22						(2,067)						20
						$	9,719					$	(6,901)					$	6,866

Reconciliation of Statutory Tax Rates and Effective Tax Rates

A reconciliation of the statutory tax rates and the effective tax rates for the years ended March 31, 2021, 2020 and 2019 are as follows:

						Year Ended March 31,
						2021						2020						2019
Statutory federal income tax expense (benefit) rate						(21.0)		%				(21.0)		%				21.0		%
State and local income tax expense, net of federal income tax effect						0.9		%				(4.9)		%				1.0		%
Foreign earnings taxed at different rates						10.0		%				12.3		%				25.5		%
U.S. tax on Global Intangible Low-Taxed Income						1.8		%				14.5		%				72.9		%
Domestic permanent differences including acquisition items						1.7		%				7.7		%				7.8		%
Foreign tax credits						(7.8)		%				(19.3)		%				(22.4)		%
Research credits						(68.6)		%				(32.9)		%				(51.8)		%
Tax reserves						(0.1)		%				(0.6)		%				(5.2)		%
Valuation allowance						74.4		%				64.0		%				(76.7)		%
Enacted tax law changes						—		%				10.6		%				(7.8)		%
Stock-based compensation						36.3		%				(43.1)		%				97.2		%
CARES Act Impact						15.0		%				(82.1)		%				—		%
Reduction of NOL for carryback						—		%				59.2		%				—		%
Other differences, net						3.2		%				(19.4)		%				4.3		%
Effective income tax expense (benefit)						45.8		%				(55.0)		%				65.8		%

Components of Deferred Tax Assets

The significant components of our deferred tax assets are as follows:

						March 31,
						2021						2020
Deferred tax assets:
Net operating losses						$	12,586					$	16,075
Equity investment						1,193						1,192
Stock-based compensation						16,280						20,792
Deferred revenue						14,879						16,027
Tax credits						39,062						24,936
Accrued expenses						3,568						4,675
Allowance for doubtful accounts and other reserves						801						546
Less: valuation allowance						(78,339)						(61,702)
Total deferred tax assets						10,030						22,541
Deferred tax liabilities:
Depreciation and amortization						(4,553)						(16,349)
Deferred commissions and other						(6,238)						(7,041)
Total deferred tax liabilities						$	(10,791)					$	(23,390)
Net deferred tax liability						$	(761)					$	(849)

Schedule of Tax Years Subject to Income Tax Examination

The following table summarizes the tax years subject to income tax examinations by tax authorities as of March 31, 2021. The years subject to income tax examination in our foreign jurisdictions cover the maximum time period with respect to these jurisdictions. Due to NOLs, in some cases the tax years continue to remain subject to examination with respect to such NOLs.

Tax Jurisdiction			Years Subject to Income Tax Examination
U.S. Federal			2017 - Present
Foreign jurisdictions			2013 - Present

Reconciliation of Amounts of Unrecognized Tax Benefits

A reconciliation of the amounts of unrecognized tax benefits is as follows:

Balance at March 31, 2018			$	1,740
Additions for tax positions related to fiscal 2019			—
Additions for tax positions related to prior years			547
Settlements and effective settlements with tax authorities and remeasurements			—
Reductions related to the expiration of statutes of limitations			(695)
Foreign currency translation adjustment			—
Balance at March 31, 2019			1,592
Additions for tax positions related to fiscal 2020			170
Additions for tax positions related to prior years			—
Settlements and effective settlements with tax authorities and remeasurements			—
Reductions related to the expiration of statutes of limitations			(100)
Foreign currency translation adjustment			—
Balance at March 31, 2020			1,662
Additions for tax positions related to fiscal 2021			614
Additions for tax positions related to prior years			—
Settlements and effective settlements with tax authorities and remeasurements			—
Reductions related to the expiration of statutes of limitations			(65)
Foreign currency translation adjustment			—
Balance at March 31, 2021			2,211

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