XML 62 R16.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
STOCK-BASED COMPENSATION
 9 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
The following tables summarize information pertaining to the stock-based compensation expense from stock options and stock awards (in thousands, except weighted-average grant-date fair value and recognition period):
 
 
Three Months Ended December 31,
 
Nine Months Ended December 31,
 
 
2019
 
2018
 
2019
 
2018
Cost of service revenue
 
$
2,226

 
$
1,562

 
$
5,896

 
$
3,967

Research and development
 
5,535

 
3,570

 
13,616

 
8,587

Sales and marketing
 
5,197

 
3,798

 
14,458

 
8,402

General and administrative
 
6,359

 
3,605

 
16,335

 
10,619

Total
 
$
19,317

 
$
12,535

 
$
50,305

 
$
31,575

 
 
Nine Months Ended December 31,
 
 
2019
 
2018
Stock options outstanding at the beginning of the period:
 
3,114

 
3,998

Options granted
 
—

 
222

Options exercised 
 
(391
)
 
(641
)
Options canceled and forfeited
 
(55
)
 
(192
)
Options outstanding at the end of the period:
 
2,668

 
3,387

Weighted-average fair value of grants during the period
 
$
—

 
$
8.27

Total intrinsic value of options exercised during the period
 
$
4,844

 
$
9,148

Weighted-average remaining recognition period at period-end (in years) 
 
2.16

 
2.53

 
 
 
 
 
Stock awards outstanding at the beginning of the period:
 
7,820

 
5,939

Stock awards granted
 
5,886

 
4,993

Stock awards vested 
 
(2,860
)
 
(2,123
)
Stock awards canceled and forfeited
 
(1,056
)
 
(700
)
Stock awards outstanding at the end of the period: 
 
9,790

 
8,109

Weighted-average fair value of grants during the period
 
$
22.35

 
$
20.05

Weighted-average remaining recognition period at period-end (in years) 
 
2.13

 
2.40

Total unrecognized compensation expense at period-end
 
$
143,593

 
$
112,970


Stock Repurchases
In May 2017, the Company's board of directors authorized the Company to purchase up to $25.0 million of its common stock from time to time (the "2017 Repurchase Plan"). The 2017 Repurchase Plan expires when the maximum purchase amount is reached, or upon the earlier revocation or termination by the board of directors. The remaining amount available under the 2017 Repurchase Plan at December 31, 2019 was approximately $7.1
million. There were no stock repurchases under the 2017 Repurchase Plan during the three and nine months ended December 31, 2019.