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STOCK-BASED COMPENSATION (Tables) | 9 Months Ended
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Dec. 31, 2022
Equity [Abstract] |
Schedule of Stock-based Compensation Activity, by Award Type | The Company's stock-based compensation activity for the nine months ended December 31, 2022 and 2021, by award type, was (dollars in thousands):
|  | For the nine months ended
|  | December 31,
|  | 2022 |  | 2021
Stock options |  | $ | 776 |  |  | $ | 1,541 |
Restricted stock units |  | 70,612 |  |  | 37,810 |
Diablo restricted stock awards |  | — |  |  | 660 |
Data Plus Math ("DPM") acquisition consideration holdback |  | 2,031 |  |  | 6,092 |
Pacific Data Partners assumed performance plan |  | — |  |  | 6,826 |
Acuity performance plan |  | 673 |  |  | 1,558 |
DataFleets acquisition consideration holdback |  | 4,532 |  |  | 4,529 |
Employee stock purchase plan |  | 1,527 |  |  | 1,282 |
Directors stock-based compensation |  | 991 |  |  | 1,177 |
Total non-cash stock-based compensation included in the condensed consolidated statements of operations |  | 81,142 |  |  | 61,475 |
Less expense related to liability-based equity awards |  | (7,237) |  |  | (18,237) |
Total non-cash stock-based compensation included in the condensed consolidated statements of equity |  | $ | 73,905 |  |  | $ | 43,238 |
Schedule of Effect of Stock-based Compensation Expense on Income, by Financial Statement Line Item | The effect of stock-based compensation expense on income, by financial statement line item, was (dollars in thousands):
|  | For the nine months ended
|  | December 31,
|  | 2022 |  | 2021 |  |
Cost of revenue |  | $ | 3,664 |  |  | $ | 2,906 |  |  |
Research and development |  | 34,670 |  |  | 21,796 |  |  |
Sales and marketing |  | 17,871 |  |  | 20,871 |  |  |
General and administrative |  | 24,937 |  |  | 15,902 |  |  |
Total non-cash stock-based compensation included in the condensed consolidated statements of operations |  | $ | 81,142 |  |  | $ | 61,475 |  |  |
Schedule of Share-based Compensation Arrangement by Share Based Payment Award, Future Expense | The following table provides the expected future expense for all of the Company's outstanding equity awards at December 31, 2022, by award type. The amount for 2023 represents the remaining three months ending March 31, 2023. All other periods represent fiscal years ending March 31 (dollars in thousands).
|  | For the years ending March 31,
|  | 2023 |  | 2024 |  | 2025 |  | 2026 |  |  |  | Total
Stock options |  | $ | 203 |  |  | $ | 668 |  |  | $ | 157 |  |  | $ | — |  |  |  |  | $ | 1,028 |
Restricted stock units |  | 20,108 |  |  | 73,695 |  |  | 61,170 |  |  | 15,526 |  |  |  |  | 170,499 |
Acuity performance plan |  | 142 |  |  | 165 |  |  | — |  |  | — |  |  |  |  | 307 |
DataFleets acquisition consideration holdback |  | 1,078 |  |  | 2,266 |  |  | — |  |  | — |  |  |  |  | 3,344 |
Employee stock purchase plan |  | 554 |  |  | 375 |  |  | — |  |  | — |  |  |  |  | 929 |
Expected future expense |  | $ | 22,085 |  |  | $ | 77,169 |  |  | $ | 61,327 |  |  | $ | 15,526 |  |  |  |  | $ | 176,107 |
Schedule of Option Activity | Stock option activity for the nine months ended December 31, 2022 was:
|  |  |  |  |  | Weighted-average |  |
|  |  |  | Weighted-average |  | remaining |  | Aggregate
|  | Number of |  | exercise price |  | contractual term |  | Intrinsic value
|  | shares |  | per share |  | (in years) |  | (in thousands)
Outstanding at March 31, 2022 |  | 730,004 |  |  | $ | 16.28 |  |  |  |  |
Exercised |  | (198,563) |  |  | $ | 11.16 |  |  |  |  | $ | 3,634 |
Forfeited or canceled |  | (2,690) |  |  | $ | 3.39 |  |  |  |  |
Outstanding at December 31, 2022 |  | 528,751 |  |  | $ | 18.26 |  |  | 1.9 |  | $ | 2,736 |
Exercisable at December 31, 2022 |  | 513,991 |  |  | $ | 18.76 |  |  | 1.8 |  | $ | 2,403 |
Schedule of Stock Options Outstanding and Exercisable | A summary of stock options outstanding and exercisable as of December 31, 2022 was:
|  |  |  |  |  | Options outstanding |  | Options exercisable
Range of |  |  |  | Weighted-average |  | Weighted-average |  |  |  | Weighted-average
exercise price |  | Options |  | remaining |  | exercise price |  | Options |  | exercise price
per share |  | outstanding |  | contractual life |  | per share |  | exercisable |  | per share
$ | — |  |  | — |  | $ | 9.99 |  |  | 44,813 |  |  | 6.1 years |  | $ | 0.97 |  |  | 30,053 |  |  | $ | 1.02 |
$ | 10.00 |  |  | — |  | $ | 19.99 |  |  | 182,603 |  |  | 2.4 years |  | $ | 17.49 |  |  | 182,603 |  |  | $ | 17.49 |
$ | 20.00 |  |  | — |  | $ | 24.99 |  |  | 301,335 |  |  | 1.0 years |  | $ | 21.31 |  |  | 301,335 |  |  | $ | 21.31 |
|  |  |  |  |  | 528,751 |  |  | 1.9 years |  | $ | 18.26 |  |  | 513,991 |  |  | $ | 18.76 |
Schedule of Changes in Restricted Stock | Changes in the Company's restricted stock awards for the nine months ended December 31, 2022 was:
|  |  |  | Weighted-average |  |
|  |  |  | fair value per |  | Weighted-average
|  | Number |  | share at grant |  | remaining contractual
|  | of shares |  | date |  | term (in years)
Unvested restricted stock awards at March 31, 2022 |  | 24,766 |  |  | $ | 47.29 |  |  | 2.17
Vested |  | (8,120) |  |  | $ | 47.29 |  |  |
Unvested restricted stock awards at December 31, 2022 |  | 16,646 |  |  | $ | 47.29 |  |  | 1.42
Schedule of Time-vesting Restricted Stock Unit Activity | RSU activity for the nine months ended December 31, 2022 was:
|  |  |  | Weighted-average |  |
|  |  |  | fair value per |  | Weighted-average
|  | Number |  | share at grant |  | remaining contractual
|  | of shares |  | date |  | term (in years)
Outstanding at March 31, 2022 |  | 4,176,682 |  |  | $ | 47.00 |  |  | 2.85
Granted |  | 4,277,207 |  |  | $ | 24.62 |  |  |
Vested |  | (1,287,052) |  |  | $ | 46.78 |  |  |
Forfeited or canceled |  | (1,237,106) |  |  | $ | 37.18 |  |  |
Outstanding at December 31, 2022 |  | 5,929,731 |  |  | $ | 32.95 |  |  | 2.39
Schedule of Non-vested Performance-based Restricted Stock Units Activity | PSU activity for the nine months ended December 31, 2022 was:
|  |  |  | Weighted-average |  |
|  |  |  | fair value per |  | Weighted-average
|  | Number |  | share at grant |  | remaining contractual
|  | of shares |  | date |  | term (in years)
Outstanding at March 31, 2022 |  | 584,468 |  |  | $ | 51.26 |  |  | 1.01
Granted |  | 406,501 |  |  | $ | 24.65 |  |  |
Vested |  | (134,671) |  |  | $ | 45.96 |  |  |
Forfeited or canceled |  | (146,709) |  |  | $ | 61.20 |  |  |
Outstanding at December 31, 2022 |  | 709,589 |  |  | $ | 34.97 |  |  | 1.62

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