Commvault Systems (CVLT) 10-Q 31 Jan 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Dec. 31, 2022	Jan. 27, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	1-33026
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-3447504
Entity Address, Address Line One	1 Commvault Way
Entity Address, City or Town	Tinton Falls
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07724
City Area Code	732
Local Phone Number	870-4000
Title of 12(b) Security	Common Stock
Trading Symbol	CVLT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		44,553,305
Entity Registrant Name	COMMVAULT SYSTEMS INC
Entity Central Index Key	0001169561
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Mar. 31, 2022
Current assets:
Cash and cash equivalents	$ 273,469	$ 267,507
Trade accounts receivable, net	215,464	194,238
Other current assets	17,747	22,336
Total current assets	506,680	484,081
Property and equipment, net	100,901	106,513
Operating lease assets	11,211	14,921
Deferred commissions cost	57,584	52,974
Intangible asset, net	2,604	3,542
Goodwill	127,780	127,780
Other assets	23,182	26,269
Total assets	829,942	816,080
Current liabilities:
Accounts payable	459	432
Accrued liabilities	104,078	121,837
Current portion of operating lease liabilities	4,031	4,778
Deferred revenue	282,614	267,017
Total current liabilities	391,182	394,064
Deferred revenue, less current portion	166,084	150,180
Deferred tax liabilities, net	728	808
Long-term operating lease liabilities	8,150	11,270
Other liabilities	3,782	3,929
Commitments and contingencies (Note 5)
Stockholders’ equity:
Preferred stock, $0.01 par value: 50,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.01 par value: 250,000 shares authorized, 44,762 shares and 44,511 shares issued and outstanding at December 31, 2022 and March 31, 2022, respectively	446	443
Additional paid-in capital	1,242,697	1,165,948
Accumulated deficit	(967,504)	(898,699)
Accumulated other comprehensive loss	(15,623)	(11,863)
Total stockholders’ equity	260,016	255,829
Total liabilities and stockholders’ equity	$ 829,942	$ 816,080

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2022	Mar. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	44,762,000	44,511,000
Common stock, shares outstanding (in shares)	44,762,000	44,511,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Total revenues	$ 195,074	$ 202,381	$ 581,112	$ 563,642
Cost of revenues:
Total cost of revenues	34,538	29,963	100,597	81,812
Gross margin	160,536	172,418	480,515	481,830
Operating expenses:
Sales and marketing	87,343	89,217	253,561	248,506
Research and development	32,505	39,257	109,671	113,118
General and administrative	23,983	29,132	76,512	80,919
Restructuring	9,228	0	11,360	2,082
Depreciation and amortization	2,459	2,451	7,631	7,084
Total operating expenses	155,518	160,057	458,735	451,709
Income from operations	5,018	12,361	21,780	30,121
Interest income	364	120	916	543
Interest expense	(105)	(19)	(315)	(19)
Other income (expense), net	123	564	(112)	564
Income before income taxes	5,400	13,026	22,269	31,209
Income tax expense	5,710	3,018	14,550	5,573
Net income (loss)	$ (310)	$ 10,008	$ 7,719	$ 25,636
Net income (loss) per common share:
Basic (in dollars per share)	$ (0.01)	$ 0.22	$ 0.17	$ 0.56
Diluted (in dollars per share)	$ (0.01)	$ 0.21	$ 0.17	$ 0.54
Weighted average common shares outstanding:
Basic (in shares)	44,712	45,242	44,738	45,720
Diluted (in shares)	44,712	46,719	45,810	47,552
Software and Products Revenue
Revenues:
Total revenues	$ 89,589	$ 98,575	$ 264,850	$ 255,998
Cost of revenues:
Total cost of revenues	3,122	4,271	10,308	9,471
Services
Revenues:
Total revenues	105,485	103,806	316,262	307,644
Cost of revenues:
Total cost of revenues	$ 31,416	$ 25,692	$ 90,289	$ 72,341

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (310)	$ 10,008	$ 7,719	$ 25,636
Other comprehensive income (loss):
Foreign currency translation adjustment	(171)	36	(3,760)	(1,277)
Comprehensive income (loss)	$ (481)	$ 10,044	$ 3,959	$ 24,359

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid – In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Mar. 31, 2021		46,482,000
Beginning balance at Mar. 31, 2021	$ 394,034	$ 463	$ 1,069,695	$ (665,774)	$ (10,350)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	76,793		76,793
Share issuances related to stock-based compensation (in shares)		1,906,000
Share issuances related to stock-based compensation	23,688	$ 19	23,669
Repurchase of common stock (in shares)		(3,706,000)
Repurchase of common stock	(265,414)	$ (37)	(33,258)	(232,119)
Net income (loss)	25,636			25,636
Other comprehensive income (loss)	(1,277)				(1,277)
Ending balance (in shares) at Dec. 31, 2021		44,682,000
Ending balance at Dec. 31, 2021	253,460	$ 445	1,136,899	(872,257)	(11,627)
Beginning balance (in shares) at Sep. 30, 2021		45,374,000
Beginning balance at Sep. 30, 2021	299,778	$ 452	1,119,738	(808,749)	(11,663)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	28,533		28,533
Share issuances related to stock-based compensation (in shares)		606,000
Share issuances related to stock-based compensation	427	$ 6	421
Repurchase of common stock (in shares)		(1,298,000)
Repurchase of common stock	(85,322)	$ (13)	(11,793)	(73,516)
Net income (loss)	10,008			10,008
Other comprehensive income (loss)	36				36
Ending balance (in shares) at Dec. 31, 2021		44,682,000
Ending balance at Dec. 31, 2021	253,460	$ 445	1,136,899	(872,257)	(11,627)
Beginning balance (in shares) at Mar. 31, 2022		44,511,000
Beginning balance at Mar. 31, 2022	255,829	$ 443	1,165,948	(898,699)	(11,863)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	81,067		81,067
Share issuances related to stock-based compensation (in shares)		1,771,000
Share issuances related to stock-based compensation	$ 9,292	$ 18	9,274
Repurchase of common stock (in shares)	(1,520,000)	(1,520,000)
Repurchase of common stock	$ (90,131)	$ (15)	(13,592)	(76,524)
Net income (loss)	7,719			7,719
Other comprehensive income (loss)	(3,760)				(3,760)
Ending balance (in shares) at Dec. 31, 2022		44,762,000
Ending balance at Dec. 31, 2022	260,016	$ 446	1,242,697	(967,504)	(15,623)
Beginning balance (in shares) at Sep. 30, 2022		44,597,000
Beginning balance at Sep. 30, 2022	265,263	$ 444	1,220,667	(940,396)	(15,452)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	24,645		24,645
Share issuances related to stock-based compensation (in shares)		672,000
Share issuances related to stock-based compensation	1,933	$ 7	1,926
Repurchase of common stock (in shares)		(507,000)
Repurchase of common stock	(31,344)	$ (5)	(4,541)	(26,798)
Net income (loss)	(310)			(310)
Other comprehensive income (loss)	(171)				(171)
Ending balance (in shares) at Dec. 31, 2022		44,762,000
Ending balance at Dec. 31, 2022	$ 260,016	$ 446	$ 1,242,697	$ (967,504)	$ (15,623)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Net income	$ 7,719	$ 25,636
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	8,656	8,027
Noncash stock-based compensation	81,067	76,793
Noncash change in fair value of equity securities	112	436
Amortization of deferred commissions cost	16,533	13,344
Changes in operating assets and liabilities:
Trade accounts receivable	(17,779)	(25,546)
Operating lease assets and liabilities, net	(61)	(809)
Other current assets and Other assets	2,982	(2,172)
Deferred commissions cost	(22,663)	(21,852)
Accounts payable	49	(120)
Accrued liabilities	(17,103)	(3,293)
Deferred revenue	41,807	19,564
Other liabilities	1,136	56
Net cash provided by operating activities	102,455	90,064
Cash flows from investing activities
Purchase of property and equipment	(2,186)	(3,328)
Purchase of equity securities	(1,961)	(3,527)
Other	0	500
Net cash used in investing activities	(4,147)	(6,355)
Cash flows from financing activities
Repurchase of common stock	(90,131)	(265,414)
Proceeds from stock-based compensation plans	9,292	23,688
Payment of debt issuance costs	(63)	(609)
Net cash used in financing activities	(80,902)	(242,335)
Effects of exchange rate — changes in cash	(11,444)	(4,920)
Net increase (decrease) in cash and cash equivalents	5,962	(163,546)
Cash and cash equivalents at beginning of period	267,507	397,237
Cash and cash equivalents at end of period	$ 273,469	$ 233,691

Basis of Presentation

Basis of Presentation	9 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Commvault Systems, Inc. and its subsidiaries ("Commvault," "we," "us," or "our") is a provider of data protection and information management software applications and products. We develop, market and sell a suite of software applications and services, globally, that provides our customers with data protection solutions. We also provide our customers with a broad range of professional and customer support services, including as-a-service, branded as Metallic. The consolidated financial statements of Commvault as of December 31, 2022 and for the three and nine months ended December 31, 2022 and 2021 are unaudited, and in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the results for the interim periods. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements and should be read in conjunction with the financial statements and notes in our Annual Report on Form 10-K for fiscal 2022. The results reported in these financial statements should not necessarily be taken as indicative of results that may be expected for the entire fiscal year. The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make judgments and estimates that affect the amounts reported in our consolidated financial statements and the accompanying notes. We base our estimates and judgments on historical experience and on various other assumptions that we believe are reasonable under the circumstances. The amounts of assets and liabilities reported in our balance sheets and the amounts of revenues and expenses reported for each of our periods presented are affected by estimates and assumptions, which are used for, but not limited to, the accounting for revenue recognition, income taxes and related reserves, deferred commissions, purchased intangible assets and goodwill. Actual results could differ from those estimates.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Recently Adopted and Recently Issued Accounting Standards There were no recently adopted accounting standards that had a material effect on our condensed consolidated financial statements and accompanying disclosures, and no recently issued accounting standards that are expected to have a material impact on our condensed consolidated financial statements and accompanying disclosures. Concentration of Credit Risk We grant credit to customers in a wide variety of industries worldwide and generally do not require collateral. Credit losses relating to these customers have been minimal. Sales through our distribution agreement with Arrow Enterprise Computing Solutions, Inc. (“Arrow”) totaled 38% of total revenues for both the three months ended December 31, 2022 and 2021, and 37% and 36% for the nine months ended December 31, 2022 and 2021, respectively. Arrow accounted for approximately 32% and 30% of total accounts receivable as of December 31, 2022 and March 31, 2022, respectively. Hitachi Vantara ("Hitachi"), one of our original equipment manufacturers, accounted for 11% of total accounts receivable as of December 31, 2022. Equity Securities Accounted for at Net Asset Value We held equity interests in private equity funds of $5,995 as of December 31, 2022, which are accounted for under the net asset value practical expedient as permitted under ASC 820, Fair Value Measurement . These investments are included in Other assets in the accompanying consolidated balance sheets. The net asset values of these investments are determined using quarterly capital statements from the funds, which are based on our contributions to the funds, allocation of profit and loss and changes in fair value of the underlying fund investments. Changes in fair value as reported on the capital statements are recorded through the consolidated statements of operations as non-operating income or expense. These private equity funds focus on making investments in key technology sectors, principally by investing in companies at expansion capital and growth equity stages. We had total unfunded commitments in private equity funds of $4,334 as of December 31, 2022. Deferred Commissions Cost Sales commissions, bonuses, and related payroll taxes earned by our employees are considered incremental and recoverable costs of obtaining a contract with a customer. Our typical contracts include performance obligations related to software licenses, software updates, customer support and other services, including as-a-service offerings. In these contracts, incremental costs of obtaining a contract are allocated to the performance obligations based on the relative estimated standalone selling prices and then recognized on a systematic basis that is consistent with the transfer of the goods or services to which the asset relates. We do not pay commissions on annual renewals of contracts for software updates and customer support for perpetual licenses. The costs allocated to software and products are expensed at the time of sale, when revenue for the functional software license or appliance is recognized. The costs allocated to software updates and customer support for perpetual licenses are amortized ratably over a period of approximately five years, the expected period of benefit of the asset capitalized. We currently estimate a period of five years is appropriate based on consideration of historical average customer life and the estimated useful life of the underlying software sold as part of the transaction. The commission paid on the renewal of a term-based or subscription software license is not commensurate with the commission paid on the initial purchase. As a result, the cost of commissions allocated to software updates and customer support on the initial term-based software license transactions are amortized over a period of approximately five years, consistent with the accounting for these costs associated with perpetual licenses. The costs of commissions allocated to software updates and support for the renewal of term-based software licenses is limited to the contractual period of the arrangement, as we pay a commensurate renewal commission upon the next renewal of the subscription license and related updates and support.

Revenue

Revenue	9 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue We derive revenues from two primary sources: software and products, and services. Software and products revenue includes our software and integrated appliances that combine our software with hardware. Services include customer support (software updates and technical support), consulting, assessment and design services, installation services, customer education and as-a-service, which is branded as Metallic. We sell both perpetual and term-based licenses of our software. We refer to our term-based software licenses as subscription arrangements. We do not customize our software, and installation services are not required. The software is delivered before related services are provided and is functional without professional services, updates and technical support. We have concluded that our software licenses (both perpetual and subscription) are functional intellectual property that is distinct as the user can benefit from the software on its own. Software revenue for both perpetual and subscription licenses is typically recognized when the software is delivered and/or made available for download as this is the point the user of the software can direct the use of, and obtain substantially all of the remaining benefits from, the functional intellectual property. We do not recognize software revenue related to the renewal of subscription software licenses earlier than the beginning of the new subscription period. We also sell appliances that integrate our software with hardware and address a wide-range of business needs and use cases, ranging from support for remote or branch offices with limited IT staff up to large corporate data centers. Revenue related to appliances is recognized when control of the appliances passes to the customer; typically upon delivery. In the second half of fiscal 2021 we began transitioning to a software model in which we typically sell software to a third party, which assembles an integrated appliance that is sold to end user customers. As a result, the revenue and costs associated with hardware have declined from recent fiscal years. Services revenue includes revenue from customer support and other professional services. Customer support includes software updates on a when-and-if-available basis, telephone support, integrated web-based support and bug fixes or patches. We sell our customer support contracts as a percentage of net software purchases the support is related to. Customer support revenue is recognized ratably over the term of the customer support agreement, which is typically one year on our perpetual licenses. The term of our subscription arrangements is typically three years but can range between one Our other professional services include consulting, assessment and design services, installation services and customer education. Customer education services include courses taught by our instructors or third-party contractors. Revenue related to other professional services and customer education services is typically recognized as the services are performed. Commvault as-a-service, which is branded as Metallic, allows customers to use hosted software over the contract period without taking possession of the software. Revenue related to Metallic is generally recognized ratably over the contract term as services revenue. Most of our contracts with customers contain multiple performance obligations. For these contracts, we account for individual performance obligations separately if they are distinct. The transaction price is allocated to the separate performance obligations on a relative standalone selling price basis. Standalone selling prices of software are typically estimated using the residual approach. Standalone selling prices of services are typically estimated based on observable transactions when these services are sold on a standalone basis. Our typical performance obligations include the following: Performance Obligation When Performance Obligation When Payment is How Standalone Selling Price is Software and Products Revenue Software Licenses Upon shipment or made available for download (point in time) Within 90 days of shipment except for certain subscription licenses which are paid for over time Residual approach Customer Support Revenue Software Updates Ratably over the course of the support contract (over time) At the beginning of the contract period Observable in renewal transactions Customer Support Ratably over the course of the support contract (over time) At the beginning of the contract period Observable in renewal transactions Other Services Revenue Other Professional Services (except for education services) As work is performed (over time) Within 90 days of services being performed Observable in transactions without multiple performance obligations Education Services When the class is taught (point in time) Within 90 days of services being performed Observable in transactions without multiple performance obligations As-a-service (Metallic) Ratably over the course of the contract (over time) Annual or monthly payments Observable in transactions without multiple performance obligations Disaggregation of Revenue We disaggregate revenue from contracts with customers into the nature of the products and services and geographical regions. During the fourth quarter of fiscal 2022, we combined the management of our EMEA and APJ field organizations into our International region (Europe, Middle East, Africa, Australia, India, Japan, Southeast Asia, China). Our Americas region includes the United States, Canada, and Latin America. Three Months Ended December 31, 2022 Nine Months Ended December 31, 2022 Americas International Total Americas International Total Software and Products Revenue $ 46,020 $ 43,569 $ 89,589 $ 158,863 $ 105,987 $ 264,850 Customer Support Revenue 45,709 31,956 77,665 139,713 97,265 236,978 Other Services Revenue 16,378 11,442 27,820 48,331 30,953 79,284 Total Revenue $ 108,107 $ 86,967 $ 195,074 $ 346,907 $ 234,205 $ 581,112 Three Months Ended December 31, 2021 Nine Months Ended December 31, 2021 Americas International Total Americas International Total Software and Products Revenue $ 57,538 $ 41,037 $ 98,575 $ 153,510 $ 102,488 $ 255,998 Customer Support Revenue 50,163 35,844 86,007 153,244 109,185 262,429 Other Services Revenue 10,620 7,179 17,799 27,323 17,892 45,215 Total Revenue $ 118,321 $ 84,060 $ 202,381 $ 334,077 $ 229,565 $ 563,642 Information about Contract Balances Amounts collected in advance of services being provided are accounted for as deferred revenue. Nearly all of our deferred revenue balance is related to services revenue. In some arrangements we allow customers to pay for term-based software licenses and products over the term of the software license. Amounts recognized as revenue in excess of amounts billed are recorded as unbilled receivables. Unbilled receivables, which are anticipated to be invoiced in the next twelve months, are included in accounts receivable on the consolidated balance sheets. Long-term unbilled receivables are included in other assets. The opening and closing balances of our accounts receivable, unbilled receivables, and deferred revenues are as follows: Accounts Receivable Unbilled Receivable Unbilled Receivable Deferred Revenue (current) Deferred Revenue (long-term) Opening Balance as of March 31, 2022 $ 177,182 $ 17,056 $ 14,296 $ 267,017 $ 150,180 Increase (decrease), net 17,880 3,346 (3,531) 15,597 15,904 Ending Balance as of December 31, 2022 $ 195,062 $ 20,402 $ 10,765 $ 282,614 $ 166,084 The increases in accounts receivable (inclusive of unbilled receivables) and deferred revenue are a result of an increase in Metallic contracts which are billed upfront but recognized ratably over the contract period. The amount of revenue recognized in the period that was included in the March 31, 2022 balance of deferred revenue was $59,080 and $224,543 for the three and nine months ended December 31, 2022, respectively. The majority of this revenue consists of customer support arrangements and Metallic. The amount of software and products revenue recognized in the three and nine months ended December 31, 2022 related to performance obligations from prior periods was not significant. Remaining Performance Obligations In addition to the amounts included in deferred revenue as of December 31, 2022, $83,322 of revenue may be recognized from remaining performance obligations, of which $9,614 was related to software and products. We expect the majority of this software and products revenue to be recognized during the next twelve months. The majority of this software and products revenue is associated with renewals of subscription licenses which have not yet expired. The majority of the services revenue is related to professional services and Metallic contracts that are committed but billed annually.

Net Income (Loss) per Common Sh

Net Income (Loss) per Common Share	9 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Net Income (Loss) per Common Share	Net Income (Loss) per Common Share Basic net income per common share is computed by dividing net income by the weighted average number of common shares during the period. Diluted net income per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the vesting of restricted stock units, shares to be purchased under the Employee Stock Purchase Plan ("ESPP"), and the exercise of stock options. The dilutive effect of such potential common shares is reflected in diluted earnings per share by application of the treasury stock method. The following table sets forth the reconciliation of basic and diluted net income per common share: Three Months Ended December 31, Nine Months Ended December 31, 2022 2021 2022 2021 Net income (loss) $ (310) $ 10,008 $ 7,719 $ 25,636 Basic net income (loss) per common share: Basic weighted average shares outstanding 44,712 45,242 44,738 45,720 Basic net income (loss) per common share $ (0.01) $ 0.22 $ 0.17 $ 0.56 Diluted net income (loss) per common share: Basic weighted average shares outstanding 44,712 45,242 44,738 45,720 Dilutive effect of stock options and restricted stock units — 1,477 1,072 1,832 Diluted weighted average shares outstanding 44,712 46,719 45,810 47,552 Diluted net income (loss) per common share $ (0.01) $ 0.21 $ 0.17 $ 0.54 The diluted weighted-average shares outstanding exclude restricted stock units, performance restricted stock units, shares to be purchased under the ESPP and outstanding stock options totaling 3,921 and 624 for the three months ended December 31, 2022 and 2021, respectively, and 674 and 566 for the nine months ended December 31, 2022 and 2021, respectively, because the effect would have been anti-dilutive.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We do not believe that we are currently party to any pending legal action that could reasonably be expected to have a material adverse effect on our business or operating results.

Capitalization

Capitalization	9 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Capitalization	CapitalizationOur stock repurchase program has been funded by our existing cash and cash equivalent balances, as well as cash flows provided by our operations. On April 21, 2022, the Board of Directors (the "Board") approved a new share repurchase program of $250,000. The Board's authorization has no expiration date. For the nine months ended December 31, 2022, we repurchased $90,131 of our common stock, or approximately 1,520 shares. As a result, $159,869 remains available under the current authorization.

Stock Plans

Stock Plans	9 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock Plans	Stock Plans The following table presents the stock-based compensation expense included in cost of services revenue, sales and marketing, research and development, general and administrative and restructuring expenses for the three and nine months ended December 31, 2022 and 2021. Stock-based compensation is attributable to restricted stock units, performance-based awards and the ESPP. Three Months Ended December 31, Nine Months Ended December 31, 2022 2021 2022 2021 Cost of services revenue $ 1,383 $ 1,140 $ 3,852 $ 3,367 Sales and marketing 10,479 10,073 32,037 27,355 Research and development 5,988 9,127 23,022 24,722 General and administrative 5,776 8,193 19,850 20,977 Restructuring 1,019 — 2,306 372 Stock-based compensation expense $ 24,645 $ 28,533 $ 81,067 $ 76,793 As of December 31, 2022, there was $155,273 of unrecognized stock-based compensation expense that is expected to be recognized over a weighted-average period of 1.96 years. We account for forfeitures as they occur. To the extent that awards are forfeited, stock-based compensation will be different from our current estimate. Stock option activity was not significant for the nine months ended December 31, 2022. In the nine months ended December 31, 2021, there were 398 options exercised with an intrinsic value of $12,631. Restricted Stock Units Restricted stock unit activity for the nine months ended December 31, 2022 is as follows: Non-vested Restricted Stock Units Number of Weighted- Non-vested as of March 31, 2022 3,310 $ 58.16 Awarded 1,785 63.87 Vested (1,587) 55.70 Forfeited (359) 60.69 Non-vested as of December 31, 2022 3,149 $ 62.35 The weighted-average fair value of restricted stock units awarded was $66.50 and $63.87 per unit during the three and nine months ended December 31, 2022, and $67.34 and $70.14 per unit during the three and nine months ended December 31, 2021. The weighted-average fair value of awards includes the awards with a market condition described below. Performance Based Awards In the nine months ended December 31, 2022, we granted 126 performance restricted stock units ("PSUs") to certain executives. Vesting of these awards is contingent upon i) us meeting certain non-GAAP performance goals (performance-based) in fiscal 2023 and ii) our customary service periods. The awards vest over three years. The vesting quantity of these awards may vary based on actual fiscal 2023 performance. The related stock-based compensation expense is determined based on the value of the underlying shares on the date of grant and is recognized over the vesting term using the accelerated method. During the interim financial periods, management estimates the probable number of PSUs that would vest until the ultimate achievement of the performance goals is known. The awards are included in the restricted stock unit table. Awards with a Market Condition In the nine months ended December 31, 2022, we granted 126 market performance stock units to certain executives. The vesting of these awards is contingent upon us meeting certain total shareholder return ("TSR") levels as compared to the Russell 3000 market index over the next three years. The awards vest in three annual tranches and have a maximum potential to vest at 200% (252 shares) based on TSR performance. The related stock-based compensation expense is determined based on the estimated fair value of the underlying shares on the date of grant and is recognized using the accelerated method over the vesting term. The estimated fair value was calculated using a Monte Carlo simulation model. The fair value of the awards granted during the nine months ended December 31, 2022 was $76.48 per unit. The awards are included in the restricted stock unit table. Employee Stock Purchase Plan The Employee Stock Purchase Plan (the “Purchase Plan”) is a shareholder approved plan under which substantially all employees may purchase our common stock through payroll deductions at a price equal to 85% of the lower of the fair market values of the stock as of the beginning or the end of six-month offering periods. An employee’s payroll deductions under the Purchase Plan are limited to 10% of the employee’s salary and employees may not purchase more than $25 of stock during any calendar year. Employees purchased 107 shares in exchange for $5,418 of proceeds in the nine months ended December 31, 2022 and 85 shares in exchange for $5,160 of proceeds in the nine months ended December 31, 2021. The Purchase Plan is considered compensatory and the fair value of the discount and look back provision are estimated using the Black-Scholes formula and recognized over the six-month withholding period prior to purchase. The total expense associated with the Purchase Plan for the nine months ended December 31, 2022 and 2021 was $2,847 and $2,428, respectively. As of December 31, 2022, there was approximately $460 of unrecognized cost related to the current purchase period of our Purchase Plan.

Income Taxes

Income Taxes	9 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesIncome tax expense was $5,710 and $14,550 in the three and nine months ended December 31, 2022, respectively, compared to expense of $3,018 and $5,573 in the three and nine months ended December 31, 2021, respectively. The increase in income tax expense relative to the prior year relates primarily to current federal and state taxes driven by the effects of capitalization and amortization of research and development expenses starting in fiscal year 2023 as required by the 2017 Tax Cuts and Jobs Act. Given we have recorded a valuation allowance against our deferred tax assets, there is no corresponding deferred tax benefit related to the current tax expense associated with the capitalization of research and development expenses.

Restructuring

Restructuring	9 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring	RestructuringOur restructuring plan, initiated in the fourth quarter of fiscal 2022, is aimed to increase efficiency in our sales, marketing and distribution functions, as well as reduce costs across all functional areas. The plan also included a reorganization to combine our EMEA and APJ field organizations. These restructuring charges relate primarily to severance and related costs associated with headcount reductions and stock-based compensation related to modifications of existing unvested awards granted to certain employees impacted by the restructuring plan. For the three and nine months ended December 31, 2022 and 2021, restructuring charges were comprised of the following: Three Months Ended December 31, Nine Months Ended December 31, 2022 2021 2022 2021 Employee severance and related costs $ 8,209 $ — $ 9,054 $ 1,710 Stock-based compensation 1,019 — 2,306 372 Total restructuring charges $ 9,228 $ — $ 11,360 $ 2,082 Restructuring accruals The activity in our restructuring accruals for the nine months ended December 31, 2022 is as follows: Total Balance as of March 31, 2022 $ 2,261 Employee severance and related costs 9,054 Payments (4,956) Balance as of December 31, 2022 $ 6,359

Revolving Credit Facility

Revolving Credit Facility	9 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Revolving Credit Facility	Revolving Credit FacilityOn December 13, 2021, we entered into a five-year $100,000 senior secured revolving credit facility (the “Credit Facility”) with JPMorgan Chase Bank, N.A. ("J.P. Morgan"). The Credit Facility is available for share repurchases, general corporate purposes, and letters of credit. The Credit Facility contains financial maintenance covenants including a leverage ratio and interest coverage ratio. The Credit Facility also contains certain customary events of default which would permit the lender to, among other things, declare all loans then outstanding to be immediately due and payable if such default is not cured within applicable grace periods. The Credit Facility also limits our ability to incur certain additional indebtedness, create or permit liens on assets, make acquisitions, make investments, loans or advances, sell or transfer assets, pay dividends or distributions, and engage in certain transactions with foreign affiliates. Outstanding borrowings under the Credit Facility accrue interest at an annual rate equal to Secured Overnight Financing Rate plus 1.25% subject to increases based on our actual leverage. The unused balance on the Credit Facility is also subject to a 0.25% annual interest charge subject to increases based on our actual leverage. As of December 31, 2022, there were no borrowings under the Credit Facility and we were in compliance with all covenants.We have deferred the expense related to debt issuance costs, which are classified as other assets, and will amortize the costs into interest expense over the term of the Credit Facility. Unamortized amounts at December 31, 2022 were $457. The amortization of debt issuance costs and interest expense incurred for the three and nine months ended December 31, 2022 was $93 and $278, respectively. Unamortized amounts at December 31, 2021 were $572. The amortization of debt issuance costs and interest expense incurred was $19 for the three and nine months ended December 31, 2021.

Subsequent Events

Subsequent Events	9 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn January 19, 2023, our Board of Directors approved a plan to sell Commvault's owned corporate headquarters in Tinton Falls, New Jersey. Subsequently, we entered into an agreement to sell the property for $40,000. The agreement includes a due diligence period for the buyer, is contingent on receiving approvals from certain government agencies, and includes other customary closing conditions. We believe the sale will likely close in the first half of fiscal 2024. Upon closing of the transaction, Commvault will enter into a lease for a portion of the premises. Management has concluded that during the fourth quarter of fiscal 2023, the headquarters has met the criteria to be classified as held for sale in accordance with ASC 360-10, Impairment and Disposal of Long-Lived Assets

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	The consolidated financial statements of Commvault as of December 31, 2022 and for the three and nine months ended December 31, 2022 and 2021 are unaudited, and in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the results for the interim periods. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements and should be read in conjunction with the financial statements and notes in our Annual Report on Form 10-K for fiscal 2022. The results reported in these financial statements should not necessarily be taken as indicative of results that may be expected for the entire fiscal year.
Use of Estimates	The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make judgments and estimates that affect the amounts reported in our consolidated financial statements and the accompanying notes. We base our estimates and judgments on historical experience and on various other assumptions that we believe are reasonable under the circumstances. The amounts of assets and liabilities reported in our balance sheets and the amounts of revenues and expenses reported for each of our periods presented are affected by estimates and assumptions, which are used for, but not limited to, the accounting for revenue recognition, income taxes and related reserves, deferred commissions, purchased intangible assets and goodwill. Actual results could differ from those estimates.
Concentration of Credit Risk	We grant credit to customers in a wide variety of industries worldwide and generally do not require collateral. Credit losses relating to these customers have been minimal.
Equity Securities Accounted for at Net Asset Value	We held equity interests in private equity funds of $5,995 as of December 31, 2022, which are accounted for under the net asset value practical expedient as permitted under ASC 820, Fair Value Measurement
Deferred Commissions Cost	Sales commissions, bonuses, and related payroll taxes earned by our employees are considered incremental and recoverable costs of obtaining a contract with a customer. Our typical contracts include performance obligations related to software licenses, software updates, customer support and other services, including as-a-service offerings. In these contracts, incremental costs of obtaining a contract are allocated to the performance obligations based on the relative estimated standalone selling prices and then recognized on a systematic basis that is consistent with the transfer of the goods or services to which the asset relates. We do not pay commissions on annual renewals of contracts for software updates and customer support for perpetual licenses. The costs allocated to software and products are expensed at the time of sale, when revenue for the functional software license or appliance is recognized. The costs allocated to software updates and customer support for perpetual licenses are amortized ratably over a period of approximately five years, the expected period of benefit of the asset capitalized. We currently estimate a period of five years is appropriate based on consideration of historical average customer life and the estimated useful life of the underlying software sold as part of the transaction. The commission paid on the renewal of a term-based or subscription software license is not commensurate with the commission paid on the initial purchase. As a result, the cost of commissions allocated to software updates and customer support on the initial term-based software license transactions are amortized over a period of approximately five years, consistent with the accounting for these costs associated with perpetual licenses. The costs of commissions allocated to software updates and support for the renewal of term-based software licenses is limited to the contractual period of the arrangement, as we pay a commensurate renewal commission upon the next renewal of the subscription license and related updates and support. The costs related to professional services are amortized over the period the related professional services are provided and revenue is recognized. Amortization expense related to these costs is included in sales and marketing expenses in the accompanying consolidated statements of operations.
Revenue	We derive revenues from two primary sources: software and products, and services. Software and products revenue includes our software and integrated appliances that combine our software with hardware. Services include customer support (software updates and technical support), consulting, assessment and design services, installation services, customer education and as-a-service, which is branded as Metallic. We sell both perpetual and term-based licenses of our software. We refer to our term-based software licenses as subscription arrangements. We do not customize our software, and installation services are not required. The software is delivered before related services are provided and is functional without professional services, updates and technical support. We have concluded that our software licenses (both perpetual and subscription) are functional intellectual property that is distinct as the user can benefit from the software on its own. Software revenue for both perpetual and subscription licenses is typically recognized when the software is delivered and/or made available for download as this is the point the user of the software can direct the use of, and obtain substantially all of the remaining benefits from, the functional intellectual property. We do not recognize software revenue related to the renewal of subscription software licenses earlier than the beginning of the new subscription period. We also sell appliances that integrate our software with hardware and address a wide-range of business needs and use cases, ranging from support for remote or branch offices with limited IT staff up to large corporate data centers. Revenue related to appliances is recognized when control of the appliances passes to the customer; typically upon delivery. In the second half of fiscal 2021 we began transitioning to a software model in which we typically sell software to a third party, which assembles an integrated appliance that is sold to end user customers. As a result, the revenue and costs associated with hardware have declined from recent fiscal years. Services revenue includes revenue from customer support and other professional services. Customer support includes software updates on a when-and-if-available basis, telephone support, integrated web-based support and bug fixes or patches. We sell our customer support contracts as a percentage of net software purchases the support is related to. Customer support revenue is recognized ratably over the term of the customer support agreement, which is typically one year on our perpetual licenses. The term of our subscription arrangements is typically three years but can range between one Our other professional services include consulting, assessment and design services, installation services and customer education. Customer education services include courses taught by our instructors or third-party contractors. Revenue related to other professional services and customer education services is typically recognized as the services are performed. Commvault as-a-service, which is branded as Metallic, allows customers to use hosted software over the contract period without taking possession of the software. Revenue related to Metallic is generally recognized ratably over the contract term as services revenue.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	Our typical performance obligations include the following: Performance Obligation When Performance Obligation When Payment is How Standalone Selling Price is Software and Products Revenue Software Licenses Upon shipment or made available for download (point in time) Within 90 days of shipment except for certain subscription licenses which are paid for over time Residual approach Customer Support Revenue Software Updates Ratably over the course of the support contract (over time) At the beginning of the contract period Observable in renewal transactions Customer Support Ratably over the course of the support contract (over time) At the beginning of the contract period Observable in renewal transactions Other Services Revenue Other Professional Services (except for education services) As work is performed (over time) Within 90 days of services being performed Observable in transactions without multiple performance obligations Education Services When the class is taught (point in time) Within 90 days of services being performed Observable in transactions without multiple performance obligations As-a-service (Metallic) Ratably over the course of the contract (over time) Annual or monthly payments Observable in transactions without multiple performance obligations
Schedule of Disaggregation of Revenue	Three Months Ended December 31, 2022 Nine Months Ended December 31, 2022 Americas International Total Americas International Total Software and Products Revenue $ 46,020 $ 43,569 $ 89,589 $ 158,863 $ 105,987 $ 264,850 Customer Support Revenue 45,709 31,956 77,665 139,713 97,265 236,978 Other Services Revenue 16,378 11,442 27,820 48,331 30,953 79,284 Total Revenue $ 108,107 $ 86,967 $ 195,074 $ 346,907 $ 234,205 $ 581,112 Three Months Ended December 31, 2021 Nine Months Ended December 31, 2021 Americas International Total Americas International Total Software and Products Revenue $ 57,538 $ 41,037 $ 98,575 $ 153,510 $ 102,488 $ 255,998 Customer Support Revenue 50,163 35,844 86,007 153,244 109,185 262,429 Other Services Revenue 10,620 7,179 17,799 27,323 17,892 45,215 Total Revenue $ 118,321 $ 84,060 $ 202,381 $ 334,077 $ 229,565 $ 563,642
Schedule of Contract with Customer, Asset and Liability	The opening and closing balances of our accounts receivable, unbilled receivables, and deferred revenues are as follows: Accounts Receivable Unbilled Receivable Unbilled Receivable Deferred Revenue (current) Deferred Revenue (long-term) Opening Balance as of March 31, 2022 $ 177,182 $ 17,056 $ 14,296 $ 267,017 $ 150,180 Increase (decrease), net 17,880 3,346 (3,531) 15,597 15,904 Ending Balance as of December 31, 2022 $ 195,062 $ 20,402 $ 10,765 $ 282,614 $ 166,084

Net Income (Loss) per Common _2

Net Income (Loss) per Common Share (Tables)	9 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Net Income (Loss) Per Share, Basic and Diluted	The following table sets forth the reconciliation of basic and diluted net income per common share: Three Months Ended December 31, Nine Months Ended December 31, 2022 2021 2022 2021 Net income (loss) $ (310) $ 10,008 $ 7,719 $ 25,636 Basic net income (loss) per common share: Basic weighted average shares outstanding 44,712 45,242 44,738 45,720 Basic net income (loss) per common share $ (0.01) $ 0.22 $ 0.17 $ 0.56 Diluted net income (loss) per common share: Basic weighted average shares outstanding 44,712 45,242 44,738 45,720 Dilutive effect of stock options and restricted stock units — 1,477 1,072 1,832 Diluted weighted average shares outstanding 44,712 46,719 45,810 47,552 Diluted net income (loss) per common share $ (0.01) $ 0.21 $ 0.17 $ 0.54

Stock Plans (Tables)

Stock Plans (Tables)	9 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation Expense	The following table presents the stock-based compensation expense included in cost of services revenue, sales and marketing, research and development, general and administrative and restructuring expenses for the three and nine months ended December 31, 2022 and 2021. Stock-based compensation is attributable to restricted stock units, performance-based awards and the ESPP. Three Months Ended December 31, Nine Months Ended December 31, 2022 2021 2022 2021 Cost of services revenue $ 1,383 $ 1,140 $ 3,852 $ 3,367 Sales and marketing 10,479 10,073 32,037 27,355 Research and development 5,988 9,127 23,022 24,722 General and administrative 5,776 8,193 19,850 20,977 Restructuring 1,019 — 2,306 372 Stock-based compensation expense $ 24,645 $ 28,533 $ 81,067 $ 76,793
Schedule of Restricted Stock Unit Activity	Restricted stock unit activity for the nine months ended December 31, 2022 is as follows: Non-vested Restricted Stock Units Number of Weighted- Non-vested as of March 31, 2022 3,310 $ 58.16 Awarded 1,785 63.87 Vested (1,587) 55.70 Forfeited (359) 60.69 Non-vested as of December 31, 2022 3,149 $ 62.35

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Accruals	For the three and nine months ended December 31, 2022 and 2021, restructuring charges were comprised of the following: Three Months Ended December 31, Nine Months Ended December 31, 2022 2021 2022 2021 Employee severance and related costs $ 8,209 $ — $ 9,054 $ 1,710 Stock-based compensation 1,019 — 2,306 372 Total restructuring charges $ 9,228 $ — $ 11,360 $ 2,082
Schedule of Activity in Restructuring Accruals	The activity in our restructuring accruals for the nine months ended December 31, 2022 is as follows: Total Balance as of March 31, 2022 $ 2,261 Employee severance and related costs 9,054 Payments (4,956) Balance as of December 31, 2022 $ 6,359

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Concentration of Credit Risk (Details) - Customer Concentration Risk	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022
Arrow | Revenue
Concentration Risk [Line Items]
Concentration risk percentage	38%	38%	37%	36%
Arrow | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk percentage			32%		30%
Hitachi | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk percentage			11%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Equity Securities Accounted for at Net Asset Value (Details) - Private Equity Funds $ in Thousands	Dec. 31, 2022 USD ($)
Concentration Risk [Line Items]
Equity securities	$ 5,995
Unfunded commitments	$ 4,334

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Deferred Commissions Cost (Details)	Dec. 31, 2022
Accounting Policies [Abstract]
Software updates and customer support costs amortization period	5 years

Revenue - Additional Informatio

Revenue - Additional Information (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) source
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Sources of primary revenue | source		2
Customer support agreement term		1 year
Subscription arrangement term		3 years
Revenue recognized in period, included in opening deferred revenue balance	$ 59,080	$ 224,543
Revenue expected to be recognized from remaining performance obligations	83,322	83,322
Product
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized from remaining performance obligations	$ 9,614	$ 9,614
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Subscription arrangement term		1 year
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Subscription arrangement term		5 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | Product
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months	12 months

Revenue - Performance Obligatio

Revenue - Performance Obligations (Details)	9 Months Ended
	Dec. 31, 2022
Software Licenses
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, expected payment terms	90 days
Other Professional Services (except for education services)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, expected payment terms	90 days
Education Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, expected payment terms	90 days

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Total Revenue	$ 195,074	$ 202,381	$ 581,112	$ 563,642
Americas
Disaggregation of Revenue [Line Items]
Total Revenue	108,107	118,321	346,907	334,077
International
Disaggregation of Revenue [Line Items]
Total Revenue	86,967	84,060	234,205	229,565
Software and Products Revenue
Disaggregation of Revenue [Line Items]
Total Revenue	89,589	98,575	264,850	255,998
Software and Products Revenue | Americas
Disaggregation of Revenue [Line Items]
Total Revenue	46,020	57,538	158,863	153,510
Software and Products Revenue | International
Disaggregation of Revenue [Line Items]
Total Revenue	43,569	41,037	105,987	102,488
Customer Support Revenue
Disaggregation of Revenue [Line Items]
Total Revenue	77,665	86,007	236,978	262,429
Customer Support Revenue | Americas
Disaggregation of Revenue [Line Items]
Total Revenue	45,709	50,163	139,713	153,244
Customer Support Revenue | International
Disaggregation of Revenue [Line Items]
Total Revenue	31,956	35,844	97,265	109,185
Other Services Revenue
Disaggregation of Revenue [Line Items]
Total Revenue	27,820	17,799	79,284	45,215
Other Services Revenue | Americas
Disaggregation of Revenue [Line Items]
Total Revenue	16,378	10,620	48,331	27,323
Other Services Revenue | International
Disaggregation of Revenue [Line Items]
Total Revenue	$ 11,442	$ 7,179	$ 30,953	$ 17,892

Revenue - Opening and Closing B

Revenue - Opening and Closing Balances of Accounts Receivables, Unbilled Receivables, and Deferred Revenues (Details) $ in Thousands	9 Months Ended
	Dec. 31, 2022 USD ($)
Deferred Revenue (current)
Opening Balance	$ 267,017
Ending Balance	282,614
Deferred Revenue (long-term)
Opening Balance	150,180
Ending Balance	166,084
Unbilled Receivable (current)
Accounts Receivable
Opening Balance	177,182
Increase (decrease), net	17,880
Ending Balance	195,062
Unbilled Receivable (current)
Opening Balance	17,056
Increase (decrease), net	3,346
Ending Balance	20,402
Unbilled Receivable (long-term)
Unbilled Receivable (long-term)
Opening Balance	14,296
Increase (decrease), net	(3,531)
Ending Balance	10,765
Deferred Revenue (current)
Deferred Revenue (current)
Opening Balance	267,017
Increase (decrease), net	15,597
Ending Balance	282,614
Deferred Revenue (long-term)
Deferred Revenue (long-term)
Opening Balance	150,180
Increase (decrease), net	15,904
Ending Balance	$ 166,084

Net Income (Loss) per Common _3

Net Income (Loss) per Common Share - Computation of Basic and Diluted Net Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net income (loss) available to common stockholders, basic	$ (310)	$ 10,008	$ 7,719	$ 25,636
Net income (loss) available to common stockholders, diluted	$ (310)	$ 10,008	$ 7,719	$ 25,636
Basic net income (loss) per common share:
Basic weighted average shares outstanding (in shares)	44,712	45,242	44,738	45,720
Basic net income (loss) per common share (in dollars per share)	$ (0.01)	$ 0.22	$ 0.17	$ 0.56
Diluted net income (loss) per common share:
Basic weighted average shares outstanding (in shares)	44,712	45,242	44,738	45,720
Dilutive effect of stock options and restricted stock units (in shares)	0	1,477	1,072	1,832
Diluted weighted average shares outstanding (in shares)	44,712	46,719	45,810	47,552
Diluted net income (loss) per common share (in dollars per share)	$ (0.01)	$ 0.21	$ 0.17	$ 0.54

Net Income (Loss) per Common _4

Net Income (Loss) per Common Share - Additional Information (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation (in shares)	3,921	624	674	566

Capitalization (Details)

Capitalization (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Apr. 21, 2022
Equity [Abstract]
Share repurchase program, amount approved					$ 250,000
Repurchase of common stock	$ 31,344	$ 85,322	$ 90,131	$ 265,414
Number of shares repurchased (in shares)			1,520,000
Share repurchase program, remaining available amount	$ 159,869		$ 159,869

Stock Plans - Stock-Based Compe

Stock Plans - Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 24,645	$ 28,533	$ 81,067	$ 76,793
Cost of services revenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	1,383	1,140	3,852	3,367
Sales and marketing
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	10,479	10,073	32,037	27,355
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	5,988	9,127	23,022	24,722
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	5,776	8,193	19,850	20,977
Restructuring
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 1,019	$ 0	$ 2,306	$ 372

Stock Plans - Additional Inform

Stock Plans - Additional Information (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense	$ 155,273		$ 155,273
Weighted average period awards are expected to be recognized			1 year 11 months 15 days
Options exercised (in shares)				398
Total intrinsic value of options exercised				$ 12,631
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average fair value, units awarded (in dollars per share)	$ 66.50	$ 67.34	$ 63.87	$ 70.14

Stock Plans - Restricted Stock

Stock Plans - Restricted Stock Units Activity (Details) - Restricted stock units - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Number of Awards
Non-vested beginning balance (in shares)			3,310
Awarded (in shares)			1,785
Vested (in shares)			(1,587)
Forfeited (in shares)			(359)
Non-vested ending balance (in shares)	3,149		3,149
Weighted- Average Grant Date Fair Value
Non-vested beginning balance (in dollars per share)			$ 58.16
Awarded (in dollars per share)	$ 66.50	$ 67.34	63.87	$ 70.14
Vested (in dollars per share)			55.70
Forfeited (in dollars per share)			60.69
Non-vested ending balance (in dollars per share)	$ 62.35		$ 62.35

Stock Plans - Performance Based

Stock Plans - Performance Based Awards (Details) - PSU shares in Thousands	9 Months Ended
	Dec. 31, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards, granted (in shares)	126
Compensation arrangements, vesting period	3 years

Stock Plans - Awards with a Mar

Stock Plans - Awards with a Market Condition (Details) - Market performance shares shares in Thousands	9 Months Ended
	Dec. 31, 2022 tranche $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards, granted (in shares)	126
Service period	3 years
Number of annual tranches | tranche	3
Weighted-average fair value, units awarded (in dollars per share) | $ / shares	$ 76.48
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards potential to vest, percentage	200%
Awards potential to vest (in shares)	252

Stock Plans - Employee Stock Pu

Stock Plans - Employee Stock Purchase plan (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 24,645	$ 28,533	$ 81,067	$ 76,793
Unrecognized stock-based compensation expense	$ 155,273		$ 155,273
Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price as a percentage of fair market value			85%
Length of offering period (in months)			6 months
Maximum employee payroll percent deduction of salary	10%		10%
Maximum amount of stock purchasable by employees within a calendar year			$ 25
Number of shares purchased by employees (in shares)			107	85
Proceeds received			$ 5,418	$ 5,160
Compensation expense			2,847	$ 2,428
Unrecognized stock-based compensation expense	$ 460		$ 460

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ 5,710	$ 3,018	$ 14,550	$ 5,573

Restructuring - Restructuring C

Restructuring - Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Restructuring and Related Activities [Abstract]
Employee severance and related costs	$ 8,209	$ 0	$ 9,054	$ 1,710
Stock-based compensation	1,019	0	2,306	372
Total restructuring charges	$ 9,228	$ 0	$ 11,360	$ 2,082

Restructuring - Activity in Res

Restructuring - Activity in Restructuring Accruals (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Restructuring Reserve [Roll Forward]
Beginning balance			$ 2,261
Employee severance and related costs	$ 8,209	$ 0	9,054	$ 1,710
Payments			(4,956)
Ending balance	$ 6,359		$ 6,359

Revolving Credit Facility (Deta

Revolving Credit Facility (Details) - Revolving credit facility - Senior Secured Revolving Credit Facility - USD ($)		3 Months Ended		9 Months Ended
	Dec. 13, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Debt term	5 years
Borrowing capacity	$ 100,000,000
Annual interest charge on unused balance of the credit facility	0.25%
Borrowings under the credit facility		$ 0		$ 0
Unamortized debt issuance costs		457,000	$ 572,000	457,000	$ 572,000
Amortization of debt issuance costs		$ 93,000	$ 19,000	$ 278,000	$ 19,000
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Debt, basis spread on variable rate	1.25%

Subsequent Events (Details)

Subsequent Events (Details) - Corporate Headquarters in Tinton Falls, NJ - Disposal Group, Held-for-sale, Not Discontinued Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Jan. 19, 2023
Forecast
Subsequent Event [Line Items]
Impairment charge of properties to be disposed of	$ 50,000
Subsequent Event
Subsequent Event [Line Items]
Consideration from sale of properties		$ 40,000