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Stock-Based Compensation (Tables)

12 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The following table summarizes stock option activity:

						Number of Shares						Weighted-Average Exercise Price (per share)						Weighted-Average Remaining Contractual Life (in years)						Aggregate Intrinsic Value (in thousands)
Options outstanding as of March 31, 2023						6,950,436						$	12.73					6.12						$	45,689
Granted						602,491						12.66
Exercised						(1,223,630)						3.24
Forfeited / Expired						(531,428)						27.42
Options outstanding as of March 31, 2024						5,797,869						$	13.26					5.39						$	2,423
Exercisable as of March 31, 2024						4,779,833						$	11.64					4.70						$	2,423

Schedule of RSU, PSU and RSA Activity

The following table summarizes RSU, PSU, and RSA activity:

						Number of Shares						Weighted-Average Grant Date Fair Value
Unvested restricted shares outstanding as of March 31, 2023						1,670,589						$	24.96
Granted						4,565,093						9.92
Vested						(1,723,149)						15.93
Forfeited						(592,691)						14.53
Unvested restricted shares outstanding as of March 31, 2024						3,919,842						$	12.44

Schedule of Market-based Assumptions

The assumptions utilized in this model during fiscal years 2024, 2023, and 2022 are presented below.

Year ended March 31,

2024

2023

2022

Risk-free interest rate

3.82% to 4.29%

2.71% to 4.38%

0.63% to 1.77%

Expected life of the options (years)

4.70 to 4.72

5.27 to 5.33

4.82 to 5.27

Expected volatility

88% to 88%

72% to 80%

72% to 72%

Expected dividend yield

—%

—%

—%

Schedule of Intrinsic Value of Stock Option

Total fair value of options vested and total intrinsic value of options exercised was as follows for the fiscal years presented:

						Year ended March 31,
						2024						2023						2022
Total fair value of options vested						$	12,334					$	15,375					$	11,495
Total intrinsic value of options exercised						$	6,441					$	16,909					$	68,163

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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