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Fair Value Measurements (Tables)
6 Months Ended
Sep. 30, 2024
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 September 30, 2024 and March 31, 2024. The Company had no liabilities measured at fair value on a recurring basis as of both September 30, 2024 and March 31, 2024.

 

 

 

Fair Value as of
September 30, 2024

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

2,548,047

 

 

$

2,548,047

 

 

$

 

 

$

 

Interest rate cap contracts

 

 

16,559

 

 

 

 

 

 

16,559

 

 

 

 

Total assets measured at fair value on a recurring
   basis

 

$

2,564,606

 

 

$

2,548,047

 

 

$

16,559

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value as of
March 31, 2024

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

474,743

 

 

$

474,743

 

 

$

 

 

$

 

Interest rate cap contracts

 

 

44,497

 

 

 

 

 

 

44,497

 

 

 

 

Total assets measured at fair value on a recurring
   basis

 

$

519,240

 

 

$

474,743

 

 

$

44,497

 

 

$