Fair Value of Financial Instruments (Tables)

3 Months Ended

Jun. 30, 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	$	—	$	3,307		—	$	3,307
Equity securities—current		—		728		—		728
Equity securities—non-current		—		7		—		7
Derivative financial instruments:
Foreign currency derivative contracts—current		—		560		—		560
Foreign currency derivative contracts—non-current		—		379		—		379
Interest rate swap contracts		—		—		—		—
Total assets	$	—	$	4,981	$	—	$	4,981
Liabilities:
Foreign currency derivative contracts—current		—		2,017		—		2,017
Foreign currency derivative contracts—non-current		—		—		—		—
Interest rate swap contracts—non-current		—		11,153		—		11,153
Contingent consideration		—		—		19,495		19,495
Total liabilities	$	—	$	13,170	$	19,495	$	32,665

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis at March 31, 2020:

	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

Reconciliation of the beginning and ending balances of Level 3 contingent consideration liabilities associated with our business combinations

The following table shows a reconciliation of the beginning and ending balances of Level 3 contingent consideration liabilities associated with our business combinations:

	June 30, 2020
Beginning balance	$	25,012
Purchase price adjustment		(3,915)
Contingent consideration recognized in earnings		(1,578)
Foreign currency translation adjustments		(24)
Ending balance	$	19,495