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Investments (Tables)

12 Months Ended

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

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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

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