Income Taxes (Tables)

12 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Summary of Provision for (Benefit of) Income Taxes

The provision for (benefit of) income taxes consists of the following components:

	Fiscal Year Ended March 31,
	2020			2019			2018
Current:
Federal taxes	$	408		$	1,159		$	(2,788	)
State taxes		858			(238	)		(1,073	)
Foreign taxes		874			744			678
Total current taxes		2,140			1,665			(3,183	)
Deferred:
Federal taxes	$	(3,578	)	$	3,752		$	2,949
State taxes		(1,682	)		(428	)		(2,510	)
Foreign taxes		(119	)		(195	)		(86	)
Total deferred taxes		(5,379	)		3,129			353
Provision for (benefit of) income taxes	$	(3,239	)	$	4,794		$	(2,830	)

Summary of Provision for (Benefit of) Income Taxes Differs from the Amount Computed at Federal Statutory Rate

The provision for (benefit of) income taxes differs from the amount computed at the federal statutory rate as follows:

	Fiscal Year Ended March 31,
	2020			2019			2018
Tax expense at United States federal statutory rate (1)	$	895		$	6,150		$	(129	)
Items affecting federal income tax rate:
Research and development tax credits		(4,705	)		(4,647	)		(4,179	)
Return to provision true-ups		(1,868	)		(149	)		(2,229	)
Impact of foreign operations		(683	)		(304	)		(365	)
Impact of audit settlements		(61	)		967			428
Impact of valuation allowance		(49	)		(33	)		(101	)
Qualified production activities income deduction		—			—			(4	)
Foreign transition tax - Tax Reform		—			210			1,381
Revaluation of deferred tax balances - Tax Reform		—			231			2,328
Impact of amended returns		67			391			196
Compensation		125			(169	)		620
Impact of deferred adjustments		159			132			415
Acquisition expenses		229			(2	)		304
State income taxes		687			1,502			1,291
Non-deductible expenses		903			140			98
Impact of uncertain tax positions		1,062			375			(2,884	)
Provision for (benefit of) income taxes	$	(3,239	)	$	4,794		$	(2,830	)

^{(1) Federal statutory rate was 21.0%, 21.0% and 31.5% for March 31, 2020, 2019 and 2018, respectively.}

Summary of Net Deferred Tax Assets and Liabilities

The net deferred tax assets and liabilities in the accompanying consolidated balance sheets consist of the following:

	March 31, 2020			March 31, 2019
Deferred tax assets:
Compensation and benefits	$	11,966		$	10,707
Operating lease liabilities		11,430			—
Deferred revenue		10,546			7,171
Research and development credit		9,643			10,089
Net operating losses		8,812			5,320
Allowance for doubtful accounts		1,819			2,156
Foreign deferred taxes		1,574			1,455
Deferred rent		—			3,143
Other		—			690
Total deferred tax assets		55,790			40,731
Deferred tax liabilities:
Intangibles assets	$	(12,477	)	$	(15,806	)
Capitalized software		(9,931	)		(4,900	)
Prepaid expense		(7,842	)		(6,407	)
Operating right-of-use assets		(6,667	)		—
Accelerated depreciation		(1,405	)		(1,606	)
Accounts receivable		(1,251	)		(2,255	)
Other		(145	)		—
Total deferred tax liabilities		(39,718	)		(30,974	)
Valuation allowance		(5,452	)		(3,563	)
Deferred tax assets, net	$	10,620		$	6,194

Summary of Reconciliation in Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits, which is recorded within other noncurrent liabilities in our consolidated balance sheet, is as follows:

Balance as of March 31, 2018	$	2,419
Additions for prior year tax positions		1,405
Reductions for prior year tax positions		(930	)
Balance as of March 31, 2019		2,894
Additions for prior year tax positions		1,372
Additions for current year tax positions		781
Reductions for prior year tax positions		(855	)
Balance as of March 31, 2020	$	4,192