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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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Mar. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets and Liabilities | The following tables present the Company's financial assets and liabilities measured on a recurring basis using the fair value hierarchy at March 31, 2022 and 2021 (in thousands):
| Fair Value Measurements at
| March 31, 2022
| Level 1 |  | Level 2 |  | Level 3 |  | Total
ASSETS: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 617,734 |  |  | $ | 18,427 |  |  | $ | — |  |  | $ | 636,161 |
U.S. government and municipal obligations | 40,863 |  |  | — |  |  | — |  |  | 40,863 |
Commercial paper | — |  |  | 23,353 |  |  | — |  |  | 23,353 |
Corporate bonds | 821 |  |  | — |  |  | — |  |  | 821 |
Certificate of deposits | — |  |  | 2,000 |  |  | — |  |  | 2,000 |
Derivative financial instruments | — |  |  | 20 |  |  | — |  |  | 20 |
| $ | 659,418 |  |  | $ | 43,800 |  |  | $ | — |  |  | $ | 703,218 |
LIABILITIES: |  |  |  |  |  |  |
Derivative financial instruments | $ | — |  |  | $ | (78) |  |  | $ | — |  |  | $ | (78) |
| $ | — |  |  | $ | (78) |  |  | $ | — |  |  | $ | (78) |
| Fair Value Measurements at
| March 31, 2021
| Level 1 |  | Level 2 |  | Level 3 |  | Total
ASSETS: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 467,176 |  |  | $ | — |  |  | $ | — |  |  | $ | 467,176 |
U.S. government and municipal obligations | 2,539 |  |  | 1,039 |  |  | — |  |  | 3,578 |
Commercial paper | — |  |  | 5,699 |  |  | — |  |  | 5,699 |
Derivative financial instruments | — |  |  | 57 |  |  | — |  |  | 57 |
| $ | 469,715 |  |  | $ | 6,795 |  |  | $ | — |  |  | $ | 476,510 |
LIABILITIES: |  |  |  |  |  |  |
Derivative financial instruments | $ | — |  |  | $ | (191) |  |  | $ | — |  |  | $ | (191) |
| $ | — |  |  | $ | (191) |  |  | $ | — |  |  | $ | (191) |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | The following table sets forth a reconciliation of changes in the fair value of the Company’s Level 3 financial assets for the fiscal year ended March 31, 2022 (in thousands):
|  |  | Contingent Consideration
Balance at March 31, 2021 |  |  | $ | — |
Change in fair value of contingent consideration |  |  | 837 |
Collection of contingent consideration |  |  | (837) |
Balance at March 31, 2022 |  |  | $ | — |
Schedule of Reconciliation of Changes in Fair Value of Level Three Financial Liabilities | The following table sets forth a reconciliation of changes in the fair value of the Company’s Level 3 financial liabilities for the fiscal year ended March 31, 2021 (in thousands):
| Contingent Purchase Consideration |  |  |
Balance at March 31, 2020 | $ | (1,748) |  |  |  |
Payments made | 1,748 |  |  |  |
Balance at March 31, 2021 | $ | — |  |  |  |

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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