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Investments (Tables)

9 Months Ended

Dec. 31, 2022

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, 2022
			Cost or Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses												Fair Value
Cash equivalents:
Commercial paper			$	16,459					$	—					$	(4)											$	16,455
Money market funds			6,580						—						—												6,580
Total cash equivalents			23,039						—						(4)												23,035
Marketable securities:
Asset-backed securities			7,754						—						(119)												7,635
Certificates of deposit			15,414						—						(111)												15,303
Commercial paper			52,531						5						(112)												52,424
Corporate notes and bonds			144,640						5						(1,515)												143,130
Sovereign bonds			7,743						—						(463)												7,280
U.S. government and agency securities			461,540						—						(22,801)												438,739
Total marketable securities			689,622						10						(25,121)												664,511
Total cash equivalents and marketable securities			$	712,661					$	10					$	(25,125)											$	687,546

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 December 31, 2022, the contractual maturities of the Company’s available-for-sale debt securities were as follows (in thousands):

			Fair Value
Due within one year			$	309,888
Due in one year to three years			371,078
Total			$	680,966

X

- 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

No definition available.

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