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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 53,867 $ 98,719
Restricted cash and cash equivalents 4,914 7,269
Marketable securities 146,432 139,612
Accounts receivable, net 89,277 88,498
Contract assets 20,489 19,561
Income taxes receivable 8,134 5,248
Prepaid expenses and other current assets 39,684 42,916
Total current assets 362,797 401,823
Equipment and improvements, net 4,939 6,421
Capitalized software costs, net 59,875 54,516
Operating lease assets 2,615 3,335
Deferred income taxes, net 29,210 29,472
Contract assets, net of current 5,616 5,572
Intangibles, net 24,480 28,968
Goodwill 322,001 321,756
Other assets 46,217 44,238
Total assets 857,750 896,101
Current liabilities:    
Accounts payable 10,467 12,022
Contract liabilities 45,932 61,601
Accrued compensation and related benefits 28,407 36,241
Income taxes payable 604 622
Operating lease liabilities 3,471 3,826
Other current liabilities 54,997 83,799
Total current liabilities 143,878 198,111
Contract liabilities, net of current 2,809 10,310
Deferred compensation 8,722 8,033
Convertible senior notes, net, noncurrent 267,565 266,843
Operating lease liabilities, net of current 2,464 4,095
Other noncurrent liabilities 9,037 8,274
Total liabilities 434,475 495,666
Commitments and contingencies (Note 17)
Shareholders' equity:    
Common stock, $0.01 par value; authorized 100,000 shares; 71,946 shares and 70,875 shares issued at September 30, 2023 and March 31, 2023, respectively; 67,097 shares and 66,026 shares outstanding at September 30, 2023 and March 31, 2023, respectively 719 709
Treasury stock, at cost, 4,849 shares and 4,849 shares at September 30, 2023 and March 31, 2023, respectively (85,752) (85,752)
Additional paid-in capital 371,080 359,342
Accumulated other comprehensive loss (1,581) (1,462)
Retained earnings 138,809 127,598
Total shareholders' equity 423,275 400,435
Total liabilities and shareholders' equity $ 857,750 $ 896,101