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Fair Value Measurements (Tables)
9 Months Ended
Dec. 31, 2021
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 December 31, 2021
Level 1Level 2Level 3Total
Cash equivalents:
Money market funds$22,981 $— $— $22,981 
Total cash equivalents22,981 — — 22,981 
Marketable securities:
Asset-backed securities— 3,565 — 3,565 
Certificates of deposit— 137 — 137 
Commercial paper— 2,653 — 2,653 
Corporate notes and bonds— 102,187 — 102,187 
Sovereign bonds— 8,691 — 8,691 
U.S. government and agency securities561,777 1,489 — 563,266 
Total marketable securities561,777 118,722 — 680,499 
Total cash equivalents and marketable securities$584,758 $118,722 $— $703,480 
As of March 31, 2021
Level 1Level 2Level 3Total
Cash equivalents:
Commercial paper$— $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