Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2022

Schedule of financial assets that are recorded at fair value on a recurring basis

The following tables present the Company's financial assets and liabilities that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy:


	As of March 31, 2022
	Amortized Cost		Gross Unrealized Loss			Gross Unrealized Gain		Estimated Fair Value
Assets:	(In thousands)
Level 1:
Money market funds	$	71	$	—		$	—	$	71
Securities held in deferred compensation plan (1)	998		(106)			73		965
Subtotal	1,069		(106)			73		1,036
Level 2:
Commercial paper	7,499		—			—		7,499
Corporate notes and bonds	—		—			—		—
US treasuries	7,798		—			—		7,798
Subtotal	15,297		—			—		15,297
Total	$	16,366	$	(106)		$	73	$	16,333

Liabilities:
Level 1:
Deferred compensation plan liabilities (2)	$	1,013	$	(106)		$	72	$	979
Level 3:
Contingent consideration (3)	600		—		—	—		600
Total	$	1,613	$	(106)		$	72	$	1,579


	As of March 31, 2021
	Amortized Cost		Gross Unrealized Loss		Gross Unrealized Gain		Estimated Fair Value
	(In thousands)
Level 1:
Money market funds	$	4,676	$	—	$	—	$	4,676
Securities held in deferred compensation plan (1)	89		—		11		100
Subtotal	4,765		—		11		4,776
Level 2:
Commercial paper	4,999		—		—		4,999
Corporate notes and bonds	1,085		—		—		1,085
US treasuries	4,600		—		—		4,600
Subtotal	10,684		—		—		10,684
Total	$	15,449	$	—	$	11	$	15,460

Liabilities:
Level 1:
Deferred compensation plan liabilities (2)	$	100	$	—	$	11	$	111
Level 3:
Contingent consideration (3)	$	600	$	—	$	—	$	600
Total	$	700	$	—	$	11	$	711

(1) Included in prepaid expenses and other current assets on the Company’s consolidated balance sheet.

(2) Included in accrued payroll and related expenses on the Company’s consolidated balance sheet.

(3) Included in other long-term liabilities on the Company’s consolidated balance sheet.