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CONVERTIBLE SENIOR NOTES AND CAPPED CALL (Tables)

12 Months Ended

Mar. 31, 2022

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