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CONVERTIBLE SENIOR NOTES AND CAPPED CALL (Tables) | 12 Months Ended
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Mar. 31, 2022
Debt Disclosure [Abstract] |
Convertible Debt | The following table presents the net carrying amount and fair value of the liability component of the Notes:
|  | March 31, 2022 |  | March 31, 2021
Principal |  | $ | 500,000 |  |  | $ | 362,500 |
Unamortized debt discount |  | (48,657) |  |  | (53,323) |
Unamortized issuance costs |  | (3,891) |  |  | (742) |
Net carrying amount |  | $ | 447,452 |  |  | $ | 308,435 |
The net impact to the Company’s stockholders’ equity, included in additional paid-in capital, relating to the issuance of the Initial and First Additional Notes and Second Additional Notes was as follows:
|  | Second Additional Notes |  | First Additional Notes |  | Initial Notes
Conversion option |  | $ | 15,960 |  |  | $ | 12,810 |  |  | $ | 66,700 |
Payments for capped call transactions |  | $ | — |  |  | $ | (9,288) |  |  | $ | (33,724) |
Issuance costs |  | $ | (361) |  |  | $ | (436) |  |  | $ | (1,848) |
Total |  | $ | 15,599 |  |  | $ | 3,086 |  |  | $ | 31,128 |
Interest Income and Interest Expense Disclosure | Interest expense recognized related to the Notes was as follows:
|  | For the years ended March 31,
|  | 2022 |  | 2021
Contractual interest expense |  | $ | 2,271 |  |  | $ | 1,813 |
Amortization of debt discount |  | 20,105 |  |  | 16,664 |
Amortization of issuance costs |  | 299 |  |  | 234 |
Total interest expense |  | $ | 22,675 |  |  | $ | 18,711 |

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