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STOCK-BASED COMPENSATION- (Tables) | 3 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
Schedule of Stock-based Compensation Activity, by Award Type | The Company's stock-based compensation activity for the three months ended June 30, 2023 and 2022, by award type, was (dollars in thousands):
|  | For the three months ended
|  | June 30,
|  | 2023 |  | 2022
Stock options |  | $ | 173 |  |  | $ | 309 |
Restricted stock units |  | 11,567 |  |  | 19,062 |
Diablo restricted stock awards |  | — |  |  | 127 |
Data Plus Math ("DPM") acquisition consideration holdback |  | — |  |  | 2,030 |
Acuity performance plan |  | 142 |  |  | 354 |
DataFleets acquisition consideration holdback |  | 648 |  |  | 1,511 |
Employee stock purchase plan |  | 449 |  |  | 480 |
Directors stock-based compensation |  | 313 |  |  | 352 |
Total non-cash stock-based compensation included in the condensed consolidated statements of operations |  | 13,292 |  |  | 24,225 |
Less expense related to liability-based equity awards |  | (790) |  |  | (4,468) |
Total non-cash stock-based compensation included in the condensed consolidated statements of equity |  | $ | 12,502 |  |  | $ | 19,757 |
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 three months ended
|  | June 30,
|  | 2023 |  | 2022 |  |
Cost of revenue |  | $ | 629 |  |  | $ | 1,163 |  |  |
Research and development |  | 5,077 |  |  | 11,656 |  |  |
Sales and marketing |  | 3,736 |  |  | 5,884 |  |  |
General and administrative |  | 3,850 |  |  | 5,522 |  |  |
Total non-cash stock-based compensation included in the condensed consolidated statements of operations |  | $ | 13,292 |  |  | $ | 24,225 |  |  |
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 June 30, 2023, by award type. The amount for fiscal 2024 represents the remaining nine months ending March 31, 2024. All other periods represent fiscal years ending March 31 (dollars in thousands).
|  | For the years ending March 31,
|  | 2024 |  | 2025 |  | 2026 |  | 2027 |  |  |  | Total
Stock options |  | $ | 372 |  |  | $ | 125 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 497 |
Restricted stock units |  | 50,994 |  |  | 74,468 |  |  | 25,169 |  |  | 633 |  |  |  |  | 151,264 |
Acuity performance plan |  | 24 |  |  | — |  |  | — |  |  | — |  |  |  |  | 24 |
DataFleets acquisition consideration holdback |  | 1,619 |  |  | — |  |  | — |  |  | — |  |  |  |  | 1,619 |
Employee stock purchase plan |  | 598 |  |  | — |  |  | — |  |  | — |  |  |  |  | 598 |
Expected future expense |  | $ | 53,607 |  |  | $ | 74,593 |  |  | $ | 25,169 |  |  | $ | 633 |  |  |  |  | $ | 154,002 |
Schedule of Option Activity | Stock option activity for the three months ended June 30, 2023 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, 2023 |  | 524,911 |  |  | $ | 18.39 |  |  |  |  |
Exercised |  | (140,046) |  |  | $ | 20.90 |  |  |  |  | $ | 486 |
Forfeited or canceled |  | (1,027) |  |  | $ | 10.24 |  |  |  |  |
Outstanding at June 30, 2023 |  | 383,838 |  |  | $ | 17.50 |  |  | 1.8 |  | $ | 4,245 |
Exercisable at June 30, 2023 |  | 376,904 |  |  | $ | 17.80 |  |  | 1.7 |  | $ | 4,054 |
Schedule of Stock Options Outstanding and Exercisable | A summary of stock options outstanding and exercisable as of June 30, 2023 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 |  |  | 36,585 |  |  | 5.0 years |  | $ | 0.99 |  |  | 29,651 |  |  | $ | 0.99 |
$ | 10.00 |  |  | — |  | $ | 19.99 |  |  | 182,603 |  |  | 1.9 years |  | $ | 17.49 |  |  | 182,603 |  |  | $ | 17.49 |
$ | 20.00 |  |  | — |  | $ | 24.99 |  |  | 164,650 |  |  | 1.0 years |  | $ | 21.18 |  |  | 164,650 |  |  | $ | 21.18 |
|  |  |  |  |  | 383,838 |  |  | 1.8 years |  | $ | 17.50 |  |  | 376,904 |  |  | $ | 17.80 |
Schedule of Time-vesting Restricted Stock Unit Activity | RSU activity for the three months ended June 30, 2023 was:
|  |  |  | Weighted-average |  |
|  |  |  | fair value per |  | Weighted-average
|  | Number |  | share at grant |  | remaining contractual
|  | of shares |  | date |  | term (in years)
Outstanding at March 31, 2023 |  | 4,009,759 |  |  | $ | 32.57 |  |  | 2.20
Granted |  | 1,336,473 |  |  | $ | 25.01 |  |  |
Vested |  | (243,600) |  |  | $ | 32.54 |  |  |
Forfeited or canceled |  | (193,374) |  |  | $ | 35.31 |  |  |
Outstanding at June 30, 2023 |  | 4,909,258 |  |  | $ | 30.41 |  |  | 2.06
Schedule of Non-vested Performance-based Restricted Stock Units Activity | PSU activity for the three months ended June 30, 2023 was:
|  |  |  | Weighted-average |  |
|  |  |  | fair value per |  | Weighted-average
|  | Number |  | share at grant |  | remaining contractual
|  | of shares |  | date |  | term (in years)
Outstanding at March 31, 2023 |  | 709,589 |  |  | $ | 34.97 |  |  | 1.01
Granted |  | 539,740 |  |  | $ | 25.37 |  |  |
Vested |  | (25,134) |  |  | $ | 47.25 |  |  |
Forfeited or canceled |  | (219,823) |  |  | $ | 40.35 |  |  |
Outstanding at June 30, 2023 |  | 1,004,372 |  |  | $ | 28.33 |  |  | 2.16

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