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CONVERTIBLE SENIOR NOTES AND TERM LOAN (Tables)
6 Months Ended
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, 2023March 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, 2023March 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,
 2023202220232022
Contractual interest expense$80 $350 $159 $975 
Amortization of debt discount and issuance costs109 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,
 2023202220232022
Contractual interest expense$6,592 $3,209 $13,471 $3,209 
Amortization of debt discount and issuance costs768 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,
2023202220232022
Contractual interest expense$2,036 $1,106 $4,050 $1,106 
Amortization of debt discount and issuance costs255 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, 2023March 31, 2023
Principal$201,914 $201,914 
Unamortized debt discount and issuance costs(4,611)(5,093)
Net carrying amount$197,303 $196,821