Fair Value of Financial Instruments (Tables)

12 Months Ended

Mar. 31, 2020

Fair Value of Financial Instruments

Schedule of financial assets and liabilities measured at fair value on a recurring basis

	Level 1		Level 2		Level 3		Total
Assets:
Investments:
Time deposits—current	$	—	$	3,927		—	$	3,927
Equity securities—current		—		5,858		—		5,858
Equity securities—non-current		—		4		—		4
Derivative financial instruments:
Foreign currency derivative contracts—current		—		103		—		103
Foreign currency derivative contracts—non-current		—		56		—		56
Interest rate swap contracts		—		—		—		—
Total assets	$	—	$	9,948	$	—	$	9,948
Liabilities:
Foreign currency derivative contracts—current		—		3,689		—		3,689
Foreign currency derivative contracts—non-current		—		364		—		364
Interest rate swap contracts—non-current		—		11,128		—		11,128
Contingent consideration		—		—		25,012		25,012
Total liabilities	$	—	$	15,181	$	25,012	$	40,193

The Company estimates the fair value of our contingent consideration associated with our business combinations utilizing one or more significant inputs that are unobservable. The Company calculates the fair value of the contingent consideration based on the probability-weighted expected performance of the acquired business against the target performance metric, discounted to present value when appropriate.

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis at March 31, 2019

	Level 1		Level 2		Level 3		Total
Assets:
Investments:
Available-for-sale debt securities—current	$	—	$	4,271		—	$	4,271
Time deposits—current		—		15,861		—		15,861
Equity securities—current		—		13,006		—		13,006
Available-for-sale debt securities—non-current		—		188		—		188
Equity securities—non-current		—		134		—		134
Derivative financial instruments:
Foreign currency derivative contracts—current		—		3,264		—		3,264
Foreign currency derivative contracts—non-current		—		147		—		147
Interest rate swap contracts—non-current		—		1,349		—		1,349
Total assets	$	—	$	38,220	$	—	$	38,220
Liabilities:
Foreign currency derivative contracts—current	$	—		318	$	—		318
Foreign currency derivative contracts—non-current		—		3	$	—		3
Interest rate swap contracts—non-current		—		3,633		—		3,633
Total liabilities	$	—	$	3,954	$	—	$	3,954