Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.21.2
Share-based Compensation (Tables)
6 Months Ended
Sep. 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 September 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 114  52.86 
Exercised (913) 20.05 
Forfeited (190) 22.64 
Balance, September 30, 2021 7,404  $ 21.92  8.1 $ 363,138 
Options vested and expected to vest at September 30, 2021 7,404  $ 21.92  8.1 $ 363,138 
Options vested and exercisable at September 30, 2021 2,376  $ 19.53  8.0 $ 122,226 
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 September 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 —  —  2,652  48.92 
Vested (355) 16.00  (797) 24.99 
Forfeited (19) 16.00  (169) 30.30 
Balance, September 30, 2021 354  $ 16.00  4,727  $ 37.87 
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 September 30, Six Months Ended September 30,
2021 2020 2021 2020
Cost of revenue $ 3,485  $ 1,866  $ 6,137  $ 3,364 
Research and development 5,456  2,989  9,423  5,407 
Sales and marketing 9,612  6,122  17,220  11,527 
General and administrative 7,022  3,854  12,047  7,205 
Total share-based compensation expense $ 25,575  $ 14,831  $ 44,827  $ 27,503