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Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on a recurring basis

The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value:

 

(In thousands)

 

31-Mar-20

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate-owned life insurance — non-current

 

$

936

 

 

 

 

 

 

 

 

$

936

 

 

(In thousands)

 

31-Mar-19

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate-owned life insurance — non-current

 

$

895

 

 

 

 

 

 

 

 

$

895

 

Summary of changes in the fair value of the corporate-owned life insurance Level 3 assets and liabilities

The following table presents a summary of changes in the fair value of the corporate-owned life insurance Level 3 asset for the fiscal years ended March 31, 2020 and 2019:

 

 

 

March 31,

 

 

March 31,

 

(In thousands)

 

2020

 

 

2019

 

Corporate-owned life insurance:

 

 

 

 

 

 

 

 

Balance on April 1

 

$

895

 

 

$

853

 

Unrealized gain relating to instruments held at reporting date

 

 

14

 

 

 

15

 

Purchases, sales, issuances and settlements, net

 

 

27

 

 

 

27

 

Balance on March 31

 

$

936

 

 

$

895