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INCOME TAX (Tables)

12 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Total Income Tax Expense (Benefit)

Total income tax expense (benefit) was allocated as follows (dollars in thousands):

						Year ended March 31,
						2023						2022						2021
Continuing operations						$	5,252					$	(1,242)					$	(30,532)
Discontinued operations						(7,070)						—						—
						$	(1,818)					$	(1,242)					$	(30,532)

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) attributable to loss from continuing operations consists of (dollars in thousands): 

						Year ended March 31,
						2023						2022						2021
Current:
U.S. Federal						$	6,325					$	(1,227)					$	(28,060)
Non-U.S.						1,086						305						17
State						(2,274)						1,220						(1,071)
						5,137						298						(29,114)
Deferred:
U.S. Federal						155						(895)						(1,205)
Non-U.S.						(83)						(608)						(44)
State						43						(37)						(169)
						115						(1,540)						(1,418)
Total						$	5,252					$	(1,242)					$	(30,532)

Schedule of Income before Income Tax, Domestic and Foreign

Income (loss) before income tax attributable to U.S. and non-U.S. continuing operations consists of (dollars in thousands):

						Year ended March 31,
						2023						2022						2021
U.S.						$	(122,994)					$	(37,415)					$	(122,257)
Non-U.S.						4,140						2,340						1,457
Total						$	(118,854)					$	(35,075)					$	(120,800)

Schedule of Effective Income Tax Rate Reconciliation

Below is a reconciliation of expected income tax benefit, computed by applying the U.S. federal statutory rate of 21.0% to loss before income taxes, to actual income tax expense (benefit) from continuing operations (dollars in thousands): 

						Year ended March 31,
						2023						2022						2021
Computed expected income tax benefit						$	(24,959)					$	(7,366)					$	(25,368)
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit						(2,440)						691						(979)
Research and other tax credits						(4,363)						(3,107)						(4,635)
Nondeductible expenses						669						673						1,104
Stock-based compensation						3,486						5,576						(2,024)
Non-U.S. subsidiaries taxed at other rates						491						(364)						194
Adjustment to valuation allowances						33,197						2,520						2,230
Other, net						(829)						135						(1,054)
						$	5,252					$	(1,242)					$	(30,532)

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at March 31, 2023 and 2022 are presented below (dollars in thousands).  

						Year ended March 31,
						2023						2022
Deferred tax assets:
Accrued expenses						$	5,287					$	5,682
Lease liabilities						11,613						14,090
Net operating loss carryforwards						22,504						25,737
Stock-based compensation						3,335						8,022
Nonqualified deferred compensation						2,797						3,119
Property and equipment						585						496
Tax credit carryforwards						7,779						7,588
Capitalized research and development						26,357						385
Other						253						1,351
Total deferred tax assets						80,510						66,470
Less valuation allowance						(61,152)						(37,399)
Net deferred tax assets						19,358						29,071
Deferred tax liabilities:
Prepaid expenses						(2,411)						(2,296)
Right-of-use assets						(6,011)						(13,691)
Intangible assets						(829)						(4,603)
Deferred commissions						(9,153)						(7,562)
Total deferred tax liabilities						(18,404)						(28,152)
Net deferred tax assets						$	954					$	919

Schedule of Unrecognized Tax Benefits Roll Forward

The following table sets forth changes in the total gross unrecognized tax benefits for the fiscal years ended March 31, 2023, 2022 and 2021 (dollars in thousands):

						Year ended March 31,
						2023						2022						2021
Balance at beginning of period						$	23,817					$	25,026					$	23,400
Increases related to prior year tax positions						93						411						—
Decreases related to prior year tax positions						(522)						—						(139)
Increases related to current year tax positions						2,229						990						1,765
Settlements with taxing authorities						(166)						—						—
Lapse of statute of limitations						(3,827)						(2,610)						—
Balance at end of period						$	21,624					$	23,817					$	25,026

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