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Fair Value Measurements (Tables)
6 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The following tables present the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands):
As of September 30, 2025
Level 1Level 2Level 3Total
Cash equivalents:
Commercial paper$— $34,973 $— $34,973 
Money market funds92,194 — — 92,194 
Total cash equivalents92,194 34,973 — 127,167 
Marketable securities:
Commercial paper— 30,590 — 30,590 
Corporate notes and bonds— 516,918 — 516,918 
U.S. government and agency securities158,598 3,012 — 161,610 
Total marketable securities158,598 550,520 — 709,118 
Total cash equivalents and marketable securities$250,792 $585,493 $— $836,285 
Liabilities:
Contingent earn-out consideration liability$— $— $5,752 $5,752 
Total contingent earn-out consideration liability$— $— $5,752 $5,752 
As of March 31, 2025
Level 1Level 2Level 3Total
Cash equivalents:
Commercial paper$— $73,047 $— $73,047 
Money market funds84,475 — — 84,475 
Total cash equivalents84,475 73,047 — 157,522 
Marketable securities:
Commercial paper— 42,863 — 42,863 
Corporate notes and bonds— 502,444 — 502,444 
U.S. government and agency securities157,727 3,016 — 160,743 
Total marketable securities157,727 548,323 — 706,050 
Total cash equivalents and marketable securities$242,202 $621,370 $— $863,572 
Liabilities:
Contingent earn-out consideration liability$— $— $11,493 $11,493 
Total contingent earn-out consideration liability$— $— $11,493 $11,493 
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table summarizes the changes in the contingent earn-out consideration liability (in thousands):
Six Months Ended September 30,
20252024
Beginning fair value$11,493 $16,813 
Additions in the period— — 
Change in fair value259 423 
Payments(6,000)(6,000)
Ending fair value$5,752 $11,236