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Commitments and Contingencies (Tables)
9 Months Ended
Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s assets and liabilities that are measured at fair value on a recurring basis, by level, within the fair value hierarchy:

 

 

 

December 31, 2019

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension plan assets(1)

 

$

 

 

$

11,355

 

 

$

 

 

$

11,355

 

Short-term investments(2)

 

 

133,371

 

 

 

 

 

 

 

 

 

133,371

 

Foreign currency forward contracts(3)

 

$

 

 

$

146

 

 

$

 

 

$

146

 

Total assets measured at fair value

 

$

133,371

 

 

$

11,501

 

 

$

 

 

$

144,872

 

 

 

 

December 31, 2019

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts(3)

 

$

 

 

$

7

 

 

$

 

 

$

7

 

Total liabilities measured at fair value

 

$

 

 

$

7

 

 

$

 

 

$

7

 

 

 

 

March 31, 2019

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension plan assets(1)

 

$

 

 

$

10,416

 

 

$

 

 

$

10,416

 

Short-term investments(2)

 

 

90,729

 

 

 

 

 

 

 

 

 

90,729

 

Total assets measured at fair value

 

$

90,729

 

 

$

10,416

 

 

$

 

 

$

101,145

 

 

 

 

March 31, 2019

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts(3)

 

$

 

 

$

70

 

 

$

 

 

$

70

 

Total liabilities measured at fair value

 

$

 

 

$

70

 

 

$

 

 

$

70

 

 

(1)

The fair value of pension plan assets has been determined as the surrender value of the portfolio of active insured employees held within the Swiss Life collective investment fund. See Note 10, “Defined Benefit Pension Plans”.

(2)

The fair value of short-term investments has been determined based on the quoted value of the units held in the money market fund at the balance sheet date.  See Note 2, “Summary of Significant Accounting Policies – Short-term Investments”.

(3)

The fair value of foreign currency forward contracts has been determined by calculating the present value of future cash flows, estimated using market-based observable inputs including forward and spot exchange rates and interest rate curves obtained from third party market price quotations.