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Investments (Tables)
9 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Cost, Gross Unrealized Gains and Losses, and Fair Value of Investments
The cost, gross unrealized gains and losses, and fair value of investments are as follows (in thousands):
As of December 31, 2021
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Cash equivalents:
Money market funds$22,981 $— $— $22,981 
Total cash equivalents22,981 — — 22,981 
Marketable securities:
Asset-backed securities3,569 — (4)3,565 
Certificates of deposit137 — — 137 
Commercial paper2,656 — (3)2,653 
Corporate notes and bonds102,529 (343)102,187 
Sovereign bonds8,775 — (84)8,691 
U.S. government and agency securities568,193 — (4,927)563,266 
Total marketable securities685,859 (5,361)680,499 
Total cash equivalents and marketable securities$708,840 $$(5,361)$703,480 
The cost, gross unrealized gains and losses, and fair value of investments were as follows (in thousands):
As of March 31, 2021
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Cash equivalents:
Commercial paper$2,290 $— $— $2,290 
Corporate notes and bonds3,517 — (1)3,516 
Money market funds9,838 — — 9,838 
Certificates of deposit1,301 — — 1,301 
Total cash equivalents16,946 — (1)16,945 
Marketable securities:
Asset-backed securities3,264 — (1)3,263 
Certificates of deposit4,867 — 4,868 
Commercial paper16,411 — 16,412 
Corporate notes and bonds46,662 (24)46,641 
Sovereign bonds1,100 — (1)1,099 
U.S. government and agency securities3,857 — 3,858 
Total marketable securities76,161 (26)76,141 
Total cash equivalents and marketable securities$93,107 $$(27)$93,086 
Contractual Maturities of Available-For-Sale Debt Securities
As of December 31, 2021, the contractual maturities of the Company’s available-for-sale debt securities were as follows (in thousands):
Fair Value
Due within one year$93,412 
Due in one year to three years610,068 
Total$703,480 
As of March 31, 2021, the contractual maturities of the Company’s available-for-sale debt securities were as follows (in thousands):
Fair Value
Due within one year$72,307 
Due in one year to three years20,779 
Total$93,086