XML 37 R26.htm IDEA: XBRL DOCUMENT v3.22.4
CONVERTIBLE SENIOR NOTES, TERM LOAN AND CAPPED CALLS (Tables)
9 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Carrying Amount
The following table presents the net carrying amount of the Term Loan:
December 31, 2022
Principal$250,000 
Unamortized debt discount and issuance costs(18,798)
Net carrying amount$231,202 
Schedule of Interest Expense
Interest expense recognized related to the Term Loans was as follows:
Three Months Ended December 31,Nine Months Ended December 31,
 20222022
Contractual interest expense$5,432 $8,835 
Amortization of debt discount and issuance costs788 1,221 
Total interest expense$6,220 $10,056 
Interest expense recognized related to the 2028 Notes was as follows:
Three Months Ended December 31, 2022Nine Months Ended December 31, 2022
Contractual interest expense$2,037 $3,181 
Amortization of debt discount and issuance costs247 350 
Total interest expense$2,284 $3,531 
Interest expense recognized related to the 2024 Notes was as follows:
Three Months Ended December 31,Nine Months Ended December 31,
 2022202120222021
Contractual interest expense139$486 $1,099 $1,359 
Amortization of debt discount and issuance costs1014,925 $1,565 13,389 
Total interest expense$240 $5,411 $2,664 $14,748 
Schedule of Convertible Debt
The following table presents the net carrying amount of the 2028 Notes:
December 31, 2022
Principal$201,914 
Unamortized debt discount and issuance costs(5,291)
Net carrying amount$196,623 
The following table presents the net carrying amount and fair value of the liability component of the 2024 Notes:
December 31, 2022March 31, 2022
Principal$68,339 $500,000 
Unamortized debt discount(1) and issuance costs
(519)(52,548)
Net carrying amount$67,820 $447,452 
(1) The debt discount as of March 31, 2022 represents the discount resulting from the allocation of the equity component (conversion option) from the liability component of the 2024 Notes, net of issuance premium, prior to the adoption of ASU 2020-06 on April 1, 2022. Upon the adoption of ASU 2020-06, the equity component was reversed. As a result, the December 31, 2022 debt discount represents only the issuance premium.