Quarterly report [Sections 13 or 15(d)]

Accounts Receivable

v3.26.3
Accounts Receivable
 6 Months Ended
Sep. 30, 2026
Receivables [Abstract]  
Accounts Receivable Accounts Receivable
Accounts receivable consisted of the following:
September 30, March 31,
2026 2026
(in thousands)
Billed $ 174,900  $ 159,381 
Unbilled 100,438  100,342 
Allowance for credit losses (8,934) (8,483)
Accounts receivable, net $ 266,404  $ 251,240 
All unbilled receivables as of September 30, 2026 are expected to be billed and collected, subject to the allowance for credit losses, within twelve months.
Allowance for Credit Losses
The changes to the allowance for credit losses on accounts receivable for the six months ended September 30, 2026 were as follows (in thousands):
Allowance for credit losses as of March 31, 2026 $ 8,483 
Provision for credit losses 566 
Write-offs (115)
Allowance for credit losses as of September 30, 2026 $ 8,934 
The Company recorded credit loss expense, in general and administrative expenses on the condensed consolidated statements of operations and comprehensive income (loss), as follows:
Three Months Ended
September 30,		 Six Months Ended
September 30,
2026 2025 2026 2025
(in thousands)
Provision for credit losses $ 289  $ 54  $ 566  $ 842