Stockholders' Equity (Tables)

3 Months Ended

Jun. 30, 2022

Stockholders Equity Note [Abstract]

Schedule of Stock-Based Compensation Expense

The following table summarizes total share-based compensation expense included in the condensed consolidated statements of net income and comprehensive income for the three months ended June 30, 2022 and 2021:

	Three Months Ended June 30,
	2022			2021
Costs and expenses:
Cost of revenue	$	563		$	504
Research and development costs		1,583			1,043
Selling, general and administrative		6,620			4,865
Total share-based compensation		8,766			6,412
Income tax benefit		(2,045	)		(1,582	)
Decrease in net income	$	6,721		$	4,830

Summary of Stock Option Activity

The following table summarizes the stock option transactions during the three months ended June 30, 2022:

				Weighted-		Weighted-
				Average		Average		Aggregate
				Exercise		Remaining		Intrinsic
	Number of			Price		Contractual		Value
	Shares			per Share		Life (years)		(in thousands)
Outstanding, March 31, 2022		1,453,739		$	14.80		2.9	$	8,886
Exercised		(85,026	)		14.64		2.1		440
Expired		(2,000	)		15.99
Outstanding, June 30, 2022		1,366,713		$	14.81		2.7	$	3,670
Vested and expected to vest, June 30, 2022		1,364,971		$	14.81		2.7	$	3,667
Exercisable, June 30, 2022		1,355,463		$	14.79		2.7	$	3,655

Schedule of Employee Stock Options and Performance Based Awards by Non-vested Stock Options

Non-vested stock option award activity during the three months ended June 30, 2022 is summarized as follows:

				Weighted-
				Average
				Grant-Date
	Number of			Fair Value
	Shares			per Share
Outstanding, March 31, 2022		50,382		$	6.98
Vested		(39,132	)		6.92
Outstanding, June 30, 2022		11,250		$	7.20

Summary of Restricted Stock Awards Activity

Restricted stock awards activity during the three months ended June 30, 2022 is summarized as follows:

				Weighted-
				Average
				Grant-Date
	Number of			Fair Value
	Shares			per Share
Outstanding, March 31, 2022		3,242,763		$	15.30
Granted		1,252,308			17.83
Vested		(612,365	)		15.14
Canceled		(50,999	)		16.51
Outstanding, June 30, 2022		3,831,707		$	16.13