XML 45 R32.htm IDEA: XBRL DOCUMENT
v3.23.1

CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2023
Cash and Cash Equivalents [Abstract] |
Schedule of Cash and Cash Equivalents | The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows (in thousands):
| March 31, 2023 |  | March 31, 2022 |  | March 31, 2021 |  | March 31, 2020
Cash and cash equivalents | $ | 386,794 |  |  | $ | 636,161 |  |  | $ | 467,176 |  |  | $ | 338,489 |
Restricted cash | — |  |  | — |  |  | — |  |  | 1,748 |
Total cash, cash equivalents and restricted cash | $ | 386,794 |  |  | $ | 636,161 |  |  | $ | 467,176 |  |  | $ | 340,237 |
Schedule of Restricted Cash | The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows (in thousands):
| March 31, 2023 |  | March 31, 2022 |  | March 31, 2021 |  | March 31, 2020
Cash and cash equivalents | $ | 386,794 |  |  | $ | 636,161 |  |  | $ | 467,176 |  |  | $ | 338,489 |
Restricted cash | — |  |  | — |  |  | — |  |  | 1,748 |
Total cash, cash equivalents and restricted cash | $ | 386,794 |  |  | $ | 636,161 |  |  | $ | 467,176 |  |  | $ | 340,237 |
Schedule of Marketable Securities | The following is a summary of marketable securities held by NetScout at March 31, 2023 classified as short-term and long-term (in thousands):
| Amortized Cost |  | Unrealized Gains (Losses) |  | Fair Value
Type of security: |  |  |  |  |
U.S. government and municipal obligations | $ | 8,796 |  |  | $ | (1) |  |  | $ | 8,795 |
Commercial paper | 19,136 |  |  | — |  |  | 19,136 |
Corporate bonds | 310 |  |  | — |  |  | 310 |
Certificate of deposits | 3,963 |  |  | — |  |  | 3,963 |
Total short-term marketable securities | 32,205 |  |  | (1) |  |  | 32,204 |
U.S. government and municipal obligations | 8,915 |  |  | 25 |  |  | 8,940 |
Total long-term marketable securities | 8,915 |  |  | 25 |  |  | 8,940 |
Total marketable securities | $ | 41,120 |  |  | $ | 24 |  |  | $ | 41,144 |
The following is a summary of marketable securities held by NetScout at March 31, 2022, classified as short-term and long-term (in thousands):
| Amortized Cost |  | Unrealized Losses |  | Fair Value
Type of security: |  |  |  |  |
U.S. government and municipal obligations | $ | 40,895 |  |  | $ | (32) |  |  | $ | 40,863 |
Commercial paper | 23,353 |  |  | — |  |  | 23,353 |
Corporate bonds | 823 |  |  | (2) |  |  | 821 |
Certificates of deposit | 2,000 |  |  | — |  |  | 2,000 |
Total short-term marketable securities | 67,071 |  |  | (34) |  |  | 67,037 |
Total long-term marketable securities | — |  |  | — |  |  | — |
Total marketable securities | $ | 67,071 |  |  | $ | (34) |  |  | $ | 67,037 |
Schedule of Contractual Maturities of Marketable Securities | Contractual maturities of the Company's marketable securities held at March 31, 2023 and 2022 (in thousands) were as follows:
| March 31, 2023 |  | March 31, 2022
Available-for-sale securities: |  |  |
Due in 1 year or less | $ | 32,204 |  |  | $ | 67,037 |
Due after 1 year through 5 years | 8,940 |  |  | — |
| $ | 41,144 |  |  | $ | 67,037 |

X
- References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126999549&loc=SL98516268-108586 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
Name: | us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration