Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2020

Weighted Average Shares Outstanding for Basic and Diluted Net Income Per Share

We provide a dual presentation of “basic” and “diluted” earnings per share (“EPS”). Shares below are in thousands.

	Fiscal Year Ended March 31,
	2020		2019		2018
Earnings per share — Basic:
Net income	$	7,498	$	24,494	$	2,420
Weighted-average shares outstanding — Basic		65,474		64,417		63,435
Net income per common share — Basic	$	0.11	$	0.38	$	0.04

Earnings per share — Diluted:
Net income	$	7,498	$	24,494	$	2,420
Weighted-average shares outstanding		65,474		64,417		63,435
Effect of potentially dilutive securities		138		183		5
Weighted-average shares outstanding — Diluted		65,612		64,600		63,440
Net income per common share — Diluted	$	0.11	$	0.38	$	0.04

Schedule of Stock-Based Compensation Expense

The following table shows total share-based compensation expense included in the consolidated statements of net income and comprehensive income for the fiscal year ended March 31, 2020, 2019, and 2018:

	Fiscal Year Ended March 31,
	2020			2019			2018
Costs and expenses:
Cost of revenue	$	2,051		$	1,252		$	938
Research and development costs		3,875			2,919			2,038
Selling, general and administrative		13,768			11,931			9,220
Total share-based compensation		19,694			16,102			12,196
Estimated income tax benefit		(4,726	)		(3,859	)		(4,125	)
Decrease in net income	$	14,968		$	12,243		$	8,071