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CONVERTIBLE SENIOR NOTES AND TERM LOAN (Tables) | 6 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Carrying Amount | The following table presents the net carrying amount and fair value of the liability component of the 2024 Notes (in thousands):
| September 30, 2023 |  | March 31, 2023
Principal | $ | 63,295 |  |  | $ | 63,295 |
Unamortized debt discount and issuance costs | (142) |  |  | (363) |
Net carrying amount | $ | 63,153 |  |  | $ | 62,932 |
The following table presents the net carrying amount of the Term Loan (in thousands):
| September 30, 2023 |  | March 31, 2023
Principal | $ | 225,000 |  |  | $ | 250,000 |
Unamortized debt discount and issuance costs | (14,697) |  |  | (18,007) |
Net carrying amount | $ | 210,303 |  |  | $ | 231,993 |
Schedule of Interest Expense | Interest expense recognized related to the 2024 Notes was as follows (in thousands):
| Three Months Ended September 30, |  | Six Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Contractual interest expense | $ | 80 |  |  | $ | 350 |  |  | $ | 159 |  |  | $ | 975 |
Amortization of debt discount and issuance costs | 109 |  |  | 633 |  |  | 216 |  |  | 1,464 |
Total interest expense | $ | 189 |  |  | $ | 983 |  |  | $ | 375 |  |  | $ | 2,439 |
Interest expense recognized related to the Term Loans was as follows (in thousands):
| Three Months Ended September 30, |  | Six Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Contractual interest expense | $ | 6,592 |  |  | $ | 3,209 |  |  | $ | 13,471 |  |  | $ | 3,209 |
Amortization of debt discount and issuance costs | 768 |  |  | 434 |  |  | 1,542 |  |  | 434 |
Total interest expense | $ | 7,360 |  |  | $ | 3,643 |  |  | $ | 15,013 |  |  | $ | 3,643 |
Interest expense recognized related to the 2028 Notes was as follows (in thousands):
| Three Months Ended September 30, |  | Six Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Contractual interest expense | $ | 2,036 |  |  | $ | 1,106 |  |  | $ | 4,050 |  |  | $ | 1,106 |
Amortization of debt discount and issuance costs | 255 |  |  | 102 |  |  | 482 |  |  | 102 |
Total interest expense | $ | 2,291 |  |  | $ | 1,208 |  |  | $ | 4,532 |  |  | $ | 1,208 |
Schedule of Convertible Debt | The following table presents the net carrying amount of the 2028 Notes (in thousands):
| September 30, 2023 |  | March 31, 2023
Principal | $ | 201,914 |  |  | $ | 201,914 |
Unamortized debt discount and issuance costs | (4,611) |  |  | (5,093) |
Net carrying amount | $ | 197,303 |  |  | $ | 196,821 |

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