TRADING AND AVAILABLE-FOR-SALE SECURITIES AT FAIR VALUE (Tables)

12 Months Ended

Mar. 31, 2022

Debt Securities, Trading, and Equity Securities, FV-NI [Abstract]

Schedule of trading and available-for-sale securities

As of March 31, 2022 and 2021, trading and available-for-sale securities consisted of:

	March 31, 2022		March 31, 2021
	(recast)		(recast)
Corporate debt	$	662,416	$	301,899
Non-US sovereign debt	342,786		239,630
Corporate equity	64,023		39,279
US sovereign debt	10,306		4,661
Exchange traded notes	1,451		2,077
Total trading securities	$	1,080,982	$	587,546
Equity securities	1		1
Total available-for-sale securities, at fair value	$	1	$	1

Schedule of present securities assets at fair value

The following tables present trading securities assets in the Consolidated Financial Statements or disclosed in the Notes to the Consolidated Financial Statements at fair value on a recurring basis as of March 31, 2022 and 2021:

	Weighted average interest rate		Total		Fair Value Measurements at March 31, 2022 (recast) using
					Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant unobservable units (Level 3)
Corporate debt	9.61	%	$	662,416	$	661,821	$	—	$	595
Non-U.S. sovereign debt	13.11	%	342,786		334,491		—		8,296
Corporate equity	—		64,023		63,496		275		251
U.S. sovereign debt	2.36	%	10,306		10,306		—		—
Exchange traded notes	—		1,451		1,451		—		—
Total trading securities			$	1,080,982	$	1,071,565	$	275	$	9,142
Equity securities	—		$	1	$	—	$	—	$	1
Total available-for-sale securities, at fair value			$	1	$	—	$	—	$	1

	Weighted average interest rate		Total		Fair Value Measurements at March 31, 2021 (recast) using
					Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant unobservable units (Level 3)
Corporate debt	9.22	%	$	301,899	$	301,539	$	—	$	360
Non-U.S. sovereign debt	8.06	%	239,630		239,630		—		—
Corporate equity	—		39,279		20,606		—		18,673
U.S. sovereign debt	1.68	%	4,661		4,661		—		—
Exchange traded notes	—		2,077		2,077		—		—
Total trading securities			$	587,546	$	568,513	$	—	$	19,033
Equity securities	—		$	1	$	—	$	—	$	1
Total available-for-sale securities, at fair value			$	1	$	—	$	—	$	1

Schedule of valuation techniques and significant level 3 inputs

The table below presents the Valuation Techniques and Significant Level 3 Inputs used in the valuation as of March 31, 2022 and 2021. The table is not intended to be all inclusive, but instead captures the significant unobservable inputs relevant to determination of fair value.

Type	Valuation Technique	FV as of March 31, 2022 (recast)		FV as of March 31, 2021 (recast)		Significant Unobservable Inputs	%
Corporate equity	DCF	$	—	$	18,370	Discount rate	10.6%
						Estimated number of years	9 years
Corporate equity	DCF	$	251	$	303	Discount rate	20.0%
						Estimated number of years	9 years
Corporate debt	DCF	$	595	$	360	Discount rate	45.0%
						Estimated number of years	3 months
Non-US sovereign debt	DCF	$	7,524	$	—	Discount rate	69.0%
						Estimated number of years	11 years
Non-US sovereign debt	DCF	$	772	$	—	Discount rate	13.9%
						Estimated number of years	1 year
		$	9,142	$	19,033

As of March 31, 2022, shares of SPBX held by the Company were transferred from level 3 to level 1, due to active trades on the market. During the year ended March 31, 2022, market trades of SPBX shares were executed in the market, and market data for these shares became available.

The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the year ended March 31, 2022:

	Trading securities		Available-for-sale securities
Balance as of March 31, 2020 (recast)	$	11,259	$	1
Sale of investments that use Level 3 inputs	(2)		—
Purchase of investments that use Level 3 inputs	736		—
Revaluation of investments that use Level 3 inputs	7,040		—
Foreign currency translation	—		—
Balance as of March 31, 2021 (recast)	$	19,033	$	1
Reclassification to level 3	682		—
Reclassification to level 1	(18,371)
Purchase of investments that use Level 3 inputs	10,812		—
Revaluation of investments that use Level 3 inputs	(3,014)		—
Foreign currency translation	—		—
Balance as of March 31, 2022 (recast)	$	9,142	$	1

Schedule of amortized cost, unrealized gains and losses accumulated in other comprehensive income, and fair value of available-for-sale securities

The table below presents the amortized cost, unrealized gains and losses accumulated in other comprehensive income, and fair value of available-for-sale securities as of March 31, 2022 and 2021:

	March 31, 2022 (recast)
	Assets measured at amortized cost		Unrealized loss accumulated in other comprehensive income		Assets measured at fair value
Equity securities	$	1	$	—	$	1
Balance as of March 31, 2022	$	1	$	—	$	1

	March 31, 2021 (recast)
	Assets measured at amortized cost		Unrealized loss accumulated in other comprehensive income		Assets measured at fair value
Equity securities	$	1	$	—	$	1
Balance as of March 31, 2021	$	1	$	—	$	1