XML 44 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities
The following tables present the Company's financial assets and liabilities measured on a recurring basis using the fair value hierarchy at September 30, 2018 and March 31, 2018 (in thousands):

Fair Value Measurements at
 
September 30, 2018
 
Level 1

Level 2

Level 3

Total
ASSETS:

 

 



Cash and cash equivalents
$
332,183

 
$

 
$

 
$
332,183

U.S. government and municipal obligations
43,406

 
19,067

 


62,473

Commercial paper

 
54,701

 


54,701

Corporate bonds
2,761

 

 


2,761

Derivative financial instruments

 
16

 


16

Contingent consideration

 

 
2,267

 
2,267


$
378,350

 
$
73,784

 
$
2,267


$
454,401

LIABILITIES:

 

 



Contingent purchase consideration
$

 
$

 
$
(5,017
)

$
(5,017
)
Derivative financial instruments

 
(220
)
 


(220
)

$

 
$
(220
)
 
$
(5,017
)

$
(5,237
)

Fair Value Measurements at
 
March 31, 2018
 
Level 1

Level 2

Level 3

Total
ASSETS:

 

 



Cash and cash equivalents
$
369,821

 
$

 
$


$
369,821

U.S. government and municipal obligations
14,513

 
27,673

 


42,186

Commercial paper

 
33,003

 


33,003

Corporate bonds
2,752

 

 


2,752

Derivative financial instruments

 
122

 

 
122


$
387,086


$
60,798


$


$
447,884

LIABILITIES:

 

 



Contingent purchase consideration
$

 
$

 
$
(5,464
)

$
(5,464
)
Derivative financial instruments

 
(40
)
 


(40
)

$


$
(40
)

$
(5,464
)

$
(5,504
)
Schedule of Reconciliation of Changes in Fair Value of Level III Financial Assets
The following table sets forth a reconciliation of changes in the fair value of the Company's Level 3 financial assets and liabilities for the six months ended September 30, 2018 (in thousands):

Contingent
Purchase
Consideration

Contingent Consideration
Balance at March 31, 2018
$
(5,464
)

$

Contingent consideration pursuant to divestiture of HNT tools business

 
2,257

Change in fair value of contingent consideration
(76
)

10

Payments of contingent consideration
523



Balance at September 30, 2018
$
(5,017
)

$
2,267