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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Mar. 31, 2021
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 March 31, 2021 and 2020 (in thousands):
 Fair Value Measurements at
March 31, 2021
 Level 1Level 2Level 3Total
ASSETS:
Cash and cash equivalents$467,176 $— $— $467,176 
U.S. government and municipal obligations2,539 1,039 — 3,578 
Commercial paper— 5,699 — 5,699 
Derivative financial instruments— 57 — 57 
$469,715 $6,795 $— $476,510 
LIABILITIES:
Derivative financial instruments— (191)— (191)
$— $(191)$— $(191)
 
 Fair Value Measurements at
March 31, 2020
 Level 1Level 2Level 3Total
ASSETS:
Cash and cash equivalents$338,489 $— $— $338,489 
U.S. government and municipal obligations31,341 — — 31,341 
Commercial paper— 14,644 — 14,644 
Corporate bonds4,597 — — 4,597 
$374,427 $14,644 $— $389,071 
LIABILITIES:
Contingent purchase consideration$— $— $(1,748)$(1,748)
Derivative financial instruments— (49)— (49)
$— $(49)$(1,748)$(1,797)
Schedule of Reconciliation of Changes in Fair Value of Level Three Financial Liabilities
The following table sets forth a reconciliation of changes in the fair value of the Company’s Level 3 financial liabilities for the fiscal year ended March 31, 2021 (in thousands):
Contingent
Purchase
Consideration
Balance at March 31, 2020$(1,748)
Additions to Level 3— 
Payments made1,748 
Balance at March 31, 2021$— 
The following table sets forth a reconciliation of changes in the fair value of the Company’s Level 3 financial assets and liabilities for the fiscal year ended March 31, 2020 (in thousands):
Contingent
Purchase
Consideration
Contingent
Consideration
Balance at March 31, 2019$— $762 
Additions to Level 3(1,800)— 
Change in fair value of contingent consideration— (762)
Payments received52 — 
Balance at March 31, 2020$(1,748)$—