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Restructuring

9 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

Beginning in the fourth quarter of fiscal 2024, we initiated a restructuring plan intended to enhance customer satisfaction through the reorganization and redesign of our customer success functions. The realignment of the customer success structure aims to optimize operational efficiency and improve continuity for our customers through the pre-sales and post-sales experience. These charges relate primarily to severance and related costs associated with headcount reductions, stock-based compensation related to modifications of existing awards granted to certain employees impacted by the plan and office termination and exit charges. We anticipate the restructuring plan will be completed by the end of fiscal 2025. The total costs to be incurred related to the restructuring plan cannot be estimated at this time.

There were no restructuring charges for the three and nine months ended December 31, 2023. For the three and nine months ended December 31, 2024, restructuring charges were comprised of the following:

						Three Months Ended December 31, 2024						Nine Months Ended December 31, 2024
Employee severance and related costs						$	3,662					$	4,317
Lease exit costs (1)						—						402
Stock-based compensation						307						4,495
Total restructuring charges						$	3,969					$	9,214

(1) Lease exit costs relate to one office for the nine months ended December 31, 2024.

Restructuring accrual

The accrual activity related to our restructuring plan for the nine months ended December 31, 2024 was as follows:

						Total
Balance as of March 31, 2024						$	2,746
Employee severance and related costs						4,317
Payments						(6,018)
Balance as of December 31, 2024						$	1,045

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The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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