Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.24.0.1
Property and Equipment
 9 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
December 31, 2023 March 31, 2023
Computer-related equipment $ 4,209  $ 3,527 
Developed software 83,776  63,891 
Furniture and fixtures 2,142  2,103 
Leasehold improvements 3,754  3,647 
Property and equipment, gross 93,881  73,168 
Accumulated depreciation (50,283) (33,841)
Property and equipment, net $ 43,598  $ 39,327 
Depreciation expense was $5,073 and $14,657 for the three and nine months ended December 31, 2023, respectively, and $4,014 and $11,722 for the three and nine months ended December 31, 2022, respectively. Depreciation expense for the three and nine months ended December 31, 2023, includes $4,501 and $10,820, respectively, related to internal-use software included in general and administrative expense and $572 and $3,837, respectively, related to internally-developed software to be sold, leased, or otherwise marketed included in other direct costs of revenue. Depreciation expense for the three and nine months ended December 31, 2022, includes $2,394 and $7,139, respectively, related to internal-use software included in general and administrative expense and $1,620 and $4,583, respectively, related to internally-developed software to be sold, leased, or otherwise
marketed included in other direct costs of revenue.
Cloud Computing Arrangements
As of December 31, 2023, the net carrying value of capitalized implementation costs related to cloud computing arrangements that were incurred during the application development stage was $7,302, of which $1,239 was included in prepaid expenses and other current assets and $6,063 was included in other non-current assets. As of March 31, 2023, the net carrying value of capitalized implementation costs related to cloud computing arrangements that were incurred during the application development stage was $736, and was included in other non-current assets.
As of December 31, 2023 and 2022, amortization expenses for implementation costs of cloud-based computing arrangements were $310 and $0, respectively.