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CASH, CASH EQUIVALENTS AND INVESTMENTS (Tables)
12 Months Ended
Mar. 31, 2019
CASH, CASH EQUIVALENTS AND INVESTMENTS [Abstract]  
Cash, Cash Equivalents and Investments
The following tables summarize the Company’s cash, cash equivalents, and investments’ adjusted cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category recorded as cash and cash equivalents, short-term, or long-term investments as of March 31, 2018 and 2019 (in thousands):

March 31, 2018
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
Cash & Cash Equivalents
 
Short-term investments (due in 1 year or less)
Cash
 
$
308,734

 
$
—

 
$
—

 
$
308,734

 
$
308,734

 
$
—

Level 1:
 


 


 


 

 

 

Mutual Funds
 
13,336

 
186

 
(67
)
 
13,455

 
—

 
13,455

US Treasury Notes
 
129,373

 
7

 
(60
)
 
129,320

 
30,178

 
99,142

Money Market Funds
 
344

 
—

 
—

 
344

 
344

 
—

Subtotal
 
143,053

 
193

 
(127
)
 
143,119

 
30,522

 
112,597

Level 2:
 
 
 
 
 
 
 
 
 
 
 
 
Government Agency Securities
 
46,354

 
—

 
(56
)
 
46,298

 
6,978

 
39,320

Municipal Bonds
 
3,591

 
—

 
—

 
3,591

 
3,591

 
—

Commercial Paper
 
84,512

 
—

 
—

 
84,512

 
40,836

 
43,676

Corporate Bonds
 
54,701

 
—

 
(212
)
 
54,489

 
—

 
54,489

Certificates of Deposits ("CDs")
 
19,231

 
—

 
—

 
19,231

 
—

 
19,231

Subtotal
 
208,389

 
—

 
(268
)
 
208,121

 
51,405

 
156,716

 
 
 
 
 
 
 
 
 
 
 
 
 
Total cash, cash equivalents
and investments measured at fair value
 
$
660,176

 
$
193

 
$
(395
)
 
$
659,974

 
$
390,661

 
$
269,313



March 31, 2019
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
Cash & Cash Equivalents
 
Short-term investments (due in 1 year or less)
Cash
 
$
202,509

 
$
—

 
$
—

 
$
202,509

 
$
202,509

 
$
—

Level 1:
 


 


 


 

 

 

Mutual Funds
 
13,420

 
197

 
(285
)
 
13,332

 
—

 
13,332

US Treasury Notes
 
—

 
—

 
—

 
—

 
—

 
—

Money Market Funds
 
—

 
—

 
—

 
—

 
—

 

Subtotal
 
13,420

 
197

 
(285
)
 
13,332

 
—

 
13,332

 
 
 
 
 
 
 
 
 
 
 
 
 
Total cash, cash equivalents
and investments measured at fair value
 
$
215,929

 
$
197

 
$
(285
)
 
$
215,841

 
$
202,509

 
$
13,332