XML 46 R31.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis
The following tables present the fair value hierarchy for the Company’s assets measured at fair value on a recurring basis (in thousands):
As of March 31, 2022
Level 1Level 2Level 3Total
Cash equivalents:
Commercial paper$— $2,686 $— $2,686 
Money market funds20,072 — — 20,072 
Total cash equivalents20,072 2,686 — 22,758 
Marketable securities:
Asset-backed securities— 7,740 — 7,740 
Commercial paper— 9,383 — 9,383 
Corporate notes and bonds— 128,104 — 128,104 
Sovereign bonds— 8,436 — 8,436 
U.S. government and agency securities530,174 1,467 — 531,641 
Total marketable securities530,174 155,130 — 685,304 
Total cash equivalents and marketable securities$550,246 $157,816 $— $708,062 
As of March 31, 2021
Level 1Level 2Level 3Total
Cash equivalents:
Commercial paper$— $2,290 $— $2,290 
Corporate notes and bonds— 3,516 — 3,516 
Money market funds9,838 — — 9,838 
Certificates of deposit— 1,301 — 1,301 
Total cash equivalents9,838 7,107 — 16,945 
Marketable securities:
Asset-backed securities— 3,263 — 3,263 
Certificates of deposit— 4,868 — 4,868 
Commercial paper— 16,412 — 16,412 
Corporate notes and bonds— 46,641 — 46,641 
Sovereign bonds— 1,099 — 1,099 
U.S. government and agency securities3,858 — — 3,858 
Total marketable securities3,858 72,283 — 76,141 
Total cash equivalents and marketable securities$13,696 $79,390 $— $93,086