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Fair Value Measurements (Tables)
3 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present the Company's hierarchy for its assets measured at fair value on a recurring basis as of both June 30, 2023 and March 31, 2023. The Company had no liabilities measured at fair value on a recurring basis as of both June 30, 2023 and March 31, 2023:

 

 

Fair Value as of
June 30, 2023

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

1,092,609

 

 

$

1,092,609

 

 

$

 

 

$

 

Short-term investments

 

 

134,266

 

 

 

134,266

 

 

 

 

 

 

 

Interest rate cap contracts

 

 

78,638

 

 

 

 

 

 

78,638

 

 

 

 

Total assets measured at fair value on a recurring
   basis

 

$

1,305,513

 

 

$

1,226,875

 

 

$

78,638

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value as of
March 31, 2023

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

757,600

 

 

$

757,600

 

 

$

 

 

$

 

Total assets measured at fair value on a recurring
   basis

 

$

757,600

 

 

$

757,600

 

 

$

 

 

$