Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2021

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,
	2021		2020		2019
Earnings per share — Basic:
Net income	$	9,515	$	7,498	$	24,494
Weighted-average shares outstanding — Basic		66,739		65,474		64,417
Net income per common share — Basic	$	0.14	$	0.11	$	0.38
Earnings per share — Diluted:
Net income	$	9,515	$	7,498	$	24,494
Weighted-average shares outstanding		66,739		65,474		64,417
Effect of potentially dilutive securities		146		138		183
Weighted-average shares outstanding — Diluted		66,885		65,612		64,600
Net income per common share — Diluted	$	0.14	$	0.11	$	0.38

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, 2021, 2020, and 2019:

	Fiscal Year Ended March 31,
	2021			2020			2019
Costs and expenses:
Cost of revenue	$	1,991		$	2,051		$	1,252
Research and development costs		4,036			3,875			2,919
Selling, general and administrative		16,683			13,768			11,931
Total share-based compensation		22,710			19,694			16,102
Income tax benefit		(5,415	)		(4,726	)		(3,859	)
Decrease in net income	$	17,295		$	14,968		$	12,243