CONVERTIBLE SENIOR NOTES AND CAPPED CALL (Tables)

12 Months Ended

Mar. 31, 2021

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, 2021		March 31, 2020
Principal	$	362,500	$	362,500
Unamortized debt discount	(53,323)		(69,987)
Unamortized issuance costs	(742)		(976)
Net carrying amount	$	308,435	$	291,537

The net impact to the Company’s stockholders’ equity, included in additional paid-in capital, relating to the issuance of the Initial and Additional Notes was as follows:

	Additional Notes		Initial Notes
Conversion option	$	12,810	$	66,700
Payments for capped call transactions	(9,288)		(33,724)
Issuance costs	(436)		(1,848)
Total	$	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,
	2021		2020
Contractual interest expense	$	1,813	$	1,572
Amortization of debt discount	16,664		13,901
Amortization of issuance costs	234		145
Total interest expense	$	18,711	$	15,618