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Marketable Securities (Tables)
12 Months Ended
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Marketable Securities
a.
Marketable securities:

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Short-term marketable securities

 

$

522,028

 

 

$

418,480

 

Long-term marketable securities

 

 

435,189

 

 

 

557,209

 

 

 

$

957,217

 

 

$

975,689

 

Summary of Both Short-Term and Long-Term Marketable Securities
b.
The following is a summary of both short-term and long-term marketable securities by type:

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

 

 

Amortized Cost

 

 

Gross Unrealized Gain (Loss) through Other Comprehensive Income

 

 

Gross Unrealized Gain (Loss) through Profit & Loss

 

 

Market Value

 

 

Amortized Cost

 

 

Gross Unrealized Gain (Loss) through Other Comprehensive Income

 

 

Gross Unrealized Gain (Loss) through Profit & Loss

 

 

Market Value

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

743,624

 

 

$

(11,840

)

 

$

 

 

$

731,784

 

 

$

679,315

 

 

$

4,823

 

 

$

 

 

$

684,138

 

Government securities

 

 

106,235

 

 

 

(531

)

 

 

 

 

 

105,703

 

 

 

146,057

 

 

 

249

 

 

 

 

 

 

146,306

 

Commercial paper

 

 

22,678

 

 

 

(121

)

 

 

 

 

 

22,557

 

 

 

47,934

 

 

 

4

 

 

 

 

 

 

47,938

 

Preferred stock - debt instrument

 

 

2,685

 

 

 

(235

)

 

 

 

 

 

2,449

 

 

 

2,990

 

 

 

44

 

 

 

 

 

 

3,033

 

Preferred stock - equity instrument

 

 

11,649

 

 

 

 

 

 

(1,616

)

 

 

10,034

 

 

 

10,475

 

 

 

 

 

 

77

 

 

 

10,553

 

Certificates of deposit

 

 

46,296

 

 

 

(144

)

 

 

 

 

 

46,152

 

 

 

42,897

 

 

 

27

 

 

 

 

 

 

42,924

 

Municipal bonds

 

 

26,683

 

 

 

(276

)

 

 

 

 

 

26,408

 

 

 

23,479

 

 

 

82

 

 

 

 

 

 

23,562

 

Other securities

 

 

12,261

 

 

 

(132

)

 

 

 

 

 

12,129

 

 

 

17,115

 

 

 

120

 

 

 

 

 

 

17,235

 

Total marketable securities

 

$

972,111

 

 

$

(13,279

)

 

$

(1,616

)

 

$

957,217

 

 

$

970,262

 

 

$

5,350

 

 

$

77

 

 

$

975,689

 

Estimated Fair Value of Marketable Securities by Contractual Maturity
c.
The estimated fair value of marketable securities as of March 31, 2022 and 2021, by contractual maturity, are as follows:

 

 

March 31,

 

 

 

2022

 

 

2021

 

 

 

Amortized

 

 

Market

 

 

Amortized

 

 

Market

 

 

 

Cost

 

 

Value

 

 

Cost

 

 

Value

 

Available-for-sale marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Matures in less than five years

 

$

953,150

 

 

$

940,212

 

 

$

956,797

 

 

$

962,103

 

Matures in more than five years

 

 

7,312

 

 

 

6,971

 

 

 

2,990

 

 

 

3,033

 

 

 

 

960,462

 

 

 

947,183

 

 

 

959,787

 

 

 

965,136

 

Investment at fair value through Profit & Loss

 

 

11,649

 

 

 

10,034

 

 

 

10,475

 

 

 

10,553

 

 

 

$

972,111

 

 

$

957,217

 

 

$

970,262

 

 

$

975,689