XML 62 R43.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - (Tables)
 12 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Stock-based Compensation Activity, by Award Type
The Company's stock-based compensation activity for fiscal years 2024, 2023, and 2022, by award type, was (dollars in thousands):
For the twelve months ended March 31,
202420232022
Stock options$1,014 $968 $1,935 
Restricted stock units, time-vesting56,583 105,147 49,217 
Restricted stock units, performance based7,403 6,796 6,791 
Diablo restricted stock awards— 1,126 794 
Habu restricted stock awards144 — — 
Data Plus Math ("DPM") acquisition consideration holdback— 2,031 8,122 
Pacific Data Partners assumed performance plan— — 9,101 
Acuity performance plan165 815 1,912 
DataFleets acquisition consideration holdback2,266 5,611 6,043 
Habu acquisition consideration holdback813 — — 
Employee stock purchase plan1,666 2,051 1,803 
Directors stock-based compensation1,250 1,255 1,539 
Total non-cash stock-based compensation included in the consolidated statements of operations71,304 125,800 87,257 
Less expense related to liability-based equity awards(3,247)(8,449)(16,077)
Total non-cash stock-based compensation included in the consolidated statements of equity$68,057 $117,351 $71,180 
Schedule of Effect of Stock-based Compensation Expense on Income, by Financial Statement Line Item
The effect of stock-based compensation expense on income, by financial statement line item, was (dollars in thousands):
For the twelve months ended March 31,
202420232022
Cost of revenue$3,553 $6,317 $4,111 
Research and development27,189 55,407 32,112 
Sales and marketing18,948 29,429 28,586 
General and administrative21,614 34,647 22,448 
Total non-cash stock-based compensation included in the consolidated statements of operations$71,304 $125,800 $87,257 
Schedule of Share-based Compensation Arrangement by Share Based Payment Award, Future Expense
The following table provides the expected future expense for all of the Company's outstanding equity awards at March 31, 2024, by award type (dollars in thousands).
For the years ending
2025202620272028Total
Stock options$3,260 $2,488 $1,251 $102 $7,101 
Restricted stock units83,397 36,461 9,900 — 129,758 
Habu restricted stock awards857 273 6 — 1,136 
Habu acquisition consideration holdback4,879 4,879 4,067 — 13,825 
Employee stock purchase plan337 — — — 337 
Expected future expense$92,730 $44,101 $15,224 $102 $152,157 
Schedule of Option Activity
Stock option activity for the fiscal year ended March 31, 2024 was:  
Weighted average
Weighted averageremainingAggregate
Number ofexercise pricecontractual termIntrinsic value
sharesper share(In years)(In thousands)
Outstanding at March 31, 2023524,911 $18.39 
Habu replacement stock options issued252,364 $8.91 
Exercised(152,743)$19.24 $898 
Forfeited or canceled(2,410)$5.21 
Outstanding at March 31, 2024622,122 $14.39 4.0$12,213 
Exercisable at March 31, 2024388,741 $17.67 1.3$6,354 
Schedule of Stock Options Outstanding and Exercisable
A summary of stock options outstanding and exercisable as of March 31, 2024 was:
Options outstandingOptions exercisable
Range ofWeighted averageWeighted averageWeighted average
exercise priceOptionsremainingexercise priceOptionsexercise price
per shareoutstandingcontractual lifeper shareexercisableper share
$— —$9.99 274,869 8.2 years$8.26 41,488 $4.58 
$10.00 —$19.99 182,603 1.1 years$17.49 182,603 $17.49 
$20.00 —$24.99 164,650 0.3 years$21.18 164,650 $21.18 
622,122 4.0 years$14.39 388,741 $17.67 
Schedule of Changes in Restricted Stock
Restricted stock share activity for the fiscal year ended March 31, 2024 was:

Weighted average
fair value perWeighted average
Numbershare at grantremaining contractual
of sharesdateterm (in years)
Unvested restricted stock awards at March 31, 2023— $— 
Habu replacement restricted stock award36,118 $39.48 
Vested— $— 
Unvested restricted stock awards at March 31, 202436,118 $39.48 1.3 years
Schedule of Time-vesting Restricted Stock Unit Activity
RSU activity for the fiscal year ended March 31, 2024 was:
Weighted-average
fair value perWeighted-average
Numbershare at grantremaining contractual
of sharesdateterm (in years)
Outstanding at March 31, 20234,009,759 $32.57 2.20
Granted1,783,478 $27.26 
Habu replacement restricted stock units410,853 $39.48 
Vested(1,366,265)$32.20 
Forfeited or canceled(436,312)$33.32 
Outstanding at March 31, 20244,401,513 $31.10 1.64
Schedule of Non-vested Performance-based Restricted Stock Units Activity
PSU activity for the fiscal year ended March 31, 2024 was:
Weighted-average
fair value perWeighted-average
Numbershare at grantremaining contractual
of sharesdateterm (in years)
Outstanding at March 31, 2023709,589 $34.97 1.38
Granted666,496 $31.58 
Vested(57,114)$47.12 
Forfeited or canceled(223,223)$40.46 
Outstanding at March 31, 20241,095,748 $31.15 1.61