XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Net Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 176,418 $ 159,443 $ 354,625 $ 312,745
Cost of revenue:        
Amortization of capitalized software costs and acquired intangible assets 7,181 6,744 14,172 13,878
Total cost of revenue 94,797 82,580 193,183 162,634
Gross profit 81,621 76,863 161,442 150,111
Operating expenses:        
Selling, general and administrative 54,175 44,886 102,368 93,920
Research and development costs, net 18,020 20,857 38,945 42,652
Amortization of acquired intangible assets 1,189 705 2,377 1,410
Impairment of assets 166 805 525 1,329
Restructuring costs 15 321 105 321
Total operating expenses 73,565 67,574 144,320 139,632
Income from operations 8,056 9,289 17,122 10,479
Interest income 1,520 74 3,189 120
Interest expense (3,310) (325) (6,549) (655)
Other income, net 430 10,292 1,480 10,287
Income before provision for income taxes 6,696 19,330 15,242 20,231
Provision for income taxes 1,641 5,707 4,031 5,460
Net income 5,055 13,623 11,211 14,771
Other comprehensive income:        
Foreign currency translation, net of tax (76) (5) (77) (33)
Unrealized gain (loss) on marketable securities, net of tax 734   (42)  
Comprehensive income $ 5,713 $ 13,618 $ 11,092 $ 14,738
Net income per share:        
Basic $ 0.08 $ 0.2 $ 0.17 $ 0.22
Diluted $ 0.07 $ 0.2 $ 0.17 $ 0.22
Weighted-average shares outstanding:        
Basic 67,074 67,806 66,749 67,698
Diluted 67,690 68,422 67,280 68,353
Recurring        
Revenues:        
Total revenues $ 161,316 $ 143,503 $ 324,690 $ 283,262
Cost of revenue:        
Cost of revenue excluding amortization of capitalized software costs and acquired intangible assets 75,585 65,039 154,806 127,283
Software, hardware, and other non-recurring        
Revenues:        
Total revenues 15,102 15,940 29,935 29,483
Cost of revenue:        
Cost of revenue excluding amortization of capitalized software costs and acquired intangible assets $ 12,031 $ 10,797 $ 24,205 $ 21,473