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Investments (Tables) | 12 Months Ended
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Mar. 31, 2023
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 March 31, 2023
| Cost or Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  |  |  | Fair Value
Cash equivalents: |  |  |  |  |  |  |  |  |
Money market funds | $ | 126,275 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 126,275 |
Total cash equivalents | 126,275 |  |  | — |  |  | — |  |  |  |  | 126,275 |
Marketable securities: |  |  |  |  |  |  |  |  |
Asset-backed securities | 7,271 |  |  | — |  |  | (71) |  |  |  |  | 7,200 |
Certificates of deposit | 27,380 |  |  | — |  |  | (80) |  |  |  |  | 27,300 |
Commercial paper | 78,609 |  |  | 6 |  |  | (126) |  |  |  |  | 78,489 |
Corporate notes and bonds | 119,241 |  |  | 49 |  |  | (778) |  |  |  |  | 118,512 |
Sovereign bonds | 7,744 |  |  | — |  |  | (360) |  |  |  |  | 7,384 |
U.S. government and agency securities | 461,584 |  |  | 12 |  |  | (17,509) |  |  |  |  | 444,087 |
Total marketable securities | 701,829 |  |  | 67 |  |  | (18,924) |  |  |  |  | 682,972 |
Total cash equivalents and marketable securities | $ | 828,104 |  |  | $ | 67 |  |  | $ | (18,924) |  |  |  |  | $ | 809,247 |
The cost, gross unrealized gains and losses, and fair value of investments were as follows (in thousands):
| As of March 31, 2022
| Cost or Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  |  |  | Fair Value
Cash equivalents: |  |  |  |  |  |  |  |  |
Commercial paper | $ | 2,686 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 2,686 |
Money market funds | 20,072 |  |  | — |  |  | — |  |  |  |  | 20,072 |
Total cash equivalents | 22,758 |  |  | — |  |  | — |  |  |  |  | 22,758 |
Marketable securities: |  |  |  |  |  |  |  |  |
Asset-backed securities | 7,791 |  |  | — |  |  | (51) |  |  |  |  | 7,740 |
Commercial paper | 9,436 |  |  | — |  |  | (53) |  |  |  |  | 9,383 |
Corporate notes and bonds | 129,900 |  |  | — |  |  | (1,796) |  |  |  |  | 128,104 |
Sovereign bonds | 8,770 |  |  | — |  |  | (334) |  |  |  |  | 8,436 |
U.S. government and agency securities | 549,901 |  |  | — |  |  | (18,260) |  |  |  |  | 531,641 |
Total marketable securities | 705,798 |  |  | — |  |  | (20,494) |  |  |  |  | 685,304 |
Total cash equivalents and marketable securities | $ | 728,556 |  |  | $ | — |  |  | $ | (20,494) |  |  |  |  | $ | 708,062 |
Contractual Maturities of Available-For-Sale Debt Securities | As of March 31, 2023, the contractual maturities of the Company’s available-for-sale debt securities were as follows (in thousands):
| Fair Value
Due within one year | $ | 360,143 |
Due in one year to two years | 315,629 |
Asset-backed securities | 7,200 |
Total | $ | 682,972 |
Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay certain obligations.

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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 + Details
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- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
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