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Equity-Based Compensation
6 Months Ended
Sep. 30, 2021
Share-based Payment Arrangement [Abstract]  
Equity-Based Compensation Equity-Based Compensation
The change in unvested RSUs is as follows:
Number of RSUsWeighted-Average Grant-Date Fair Value Per RSU
Balance as of March 31, 20212,549,861 $18.54 
Granted17,173 $45.18 
Vested(625,281)$18.34 
Forfeited(35,792)$18.00 
Balance as of September 30, 20211,905,961 $18.85 
Unvested Partnership Units
All Class B2 units will automatically convert into Class B units upon final vesting in 2024 and unitholders will be entitled to purchase from the Company one share of Class B common stock for each Class B unit at its par value. Prior to vesting, holders of Class B2 units do not have the right to receive any distributions from the Partnership, other than tax-related distributions.
As of September 30, 2021, there were 2,566,566 Class B2 units outstanding. During the six months ended September 30, 2021, none of the outstanding Class B2 units were forfeited. As of September 30, 2021, 1,646,879 Class B2 units were unvested and 919,687 Class B2 units were vested.
As of September 30, 2021, $40.6 million of unrecognized non-cash compensation expense in respect of RSUs and Class B2 units remained to be recognized over a weighted-average period of approximately 3.2 years.