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

 

 

 

Fair Value as of December 31, 2024

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

548,587

 

 

$

548,587

 

 

$

—

 

 

$

—

 

Interest rate cap contracts

 

 

6,175

 

 

 

—

 

 

 

6,175

 

 

 

—

 

Total assets measured at fair value on a recurring basis

 

$

554,762

 

 

$

548,587

 

 

$

6,175

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

$

—