Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.21.2
Share-based Compensation (Tables)
3 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Activity for Stock Options
The following table summarizes activity for stock options during the period ended June 30, 2021:
Number of Options
Weighted Average
Exercise Price
Weighted Average Remaining Contractual Term Aggregate Intrinsic Value
(in thousands) (per share) (years) (in thousands)
Balance, March 31, 2021 8,393  $ 21.31  8.6 $ 226,438 
Granted 92  51.41 
Exercised (388) 19.62 
Forfeited (96) 20.44 
Balance, June 30, 2021 8,001  $ 21.75  8.3 $ 293,405 
Options vested and expected to vest at June 30, 2021 8,001  $ 21.75  8.3 $ 293,405 
Options vested and exercisable at June 30, 2021 2,322  $ 19.25  8.2 $ 90,955 
Summary of Activity for Restricted Shares
The following table provides a summary of the changes in the number of restricted shares for the period ended June 30, 2021:
Number of Shares of
Restricted Stock Awards
Weighted Average
Grant Date Fair Value
Number of Restricted Stock Units Weighted Average
Grant Date Fair Value
(in thousands) (per share) (in thousands) (per share)
Balance, March 31, 2021 728  $ 16.00  3,041  $ 24.44 
Granted —  —  2,364  46.89 
Vested (260) 16.00  (496) 25.46 
Forfeited —  —  (85) 23.78 
Balance, June 30, 2021 468  $ 16.00  4,824  $ 35.35 
Schedule of Share-based Compensation Expense
The following table summarizes the components of total share-based compensation expense included in the condensed consolidated financial statements for each period presented (in thousands):
Three Months Ended June 30,
2021 2020
Cost of revenue $ 2,652  $ 1,498 
Research and development 3,967  2,418 
Sales and marketing 7,608  5,405 
General and administrative 5,025  3,351 
Total share-based compensation expense $ 19,252  $ 12,672