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Fair Value Measurements (Tables)
 9 Months Ended
Dec. 31, 2024
Fair Value Measurements [Abstract]  
Financial Assets and Liabilities Measured at Fair Value Recurring Basis The following summarizes financial assets and liabilities measured at fair value, by level within the fair value hierarchy:

 
December 31, 2024
 
March 31, 2024

    
Fair Value Measurements
    
Fair Value Measurements

    
Using Inputs Considered as
    
Using Inputs Considered as

 
Fair Value
  
Level 1
  
Level 2
  
Level 3
  
Fair Value
  
Level 1
  
Level 2
  
Level 3
 
Assets
                        
Short-term investments
                        
Mutual funds
 
$
1,909,000
  
$
1,909,000
  
$
-
  
$
-
  
$
1,837,000
  
$
1,837,000
  
$
-
  
$
-
 
Prepaid expenses and other current assets
                                
Forward foreign currency exchange contracts
  
-
   
-
   
-
   
-
   
2,516,000
   
-
   
2,516,000
   
-
 
 
                                
Liabilities
                                
Other current liabilities
                                
Deferred compensation
  
1,909,000
   
1,909,000
   
-
   
-
   
1,837,000
   
1,837,000
   
-
   
-
 
Forward foreign currency exchange contracts
  
4,888,000
   
-
   
4,888,000
   
-
   
-
   
-
   
-
   
-
 
Convertible notes, related party
                                
Compound Net Derivative Liability
  
4,950,000
   
-
   
-
   
4,950,000
   
7,410,000
   
-
   
-
   
7,410,000
 
Fair Value Assumptions The following assumptions were used to determine the fair value of the Compound Net Derivative Liability:
  
December 31, 2024
 
March 31, 2024
Risk free interest rate
  
4.35
%
  
4.36
%
Cost of equity
  
23.40
%
  
23.20
%
Weighted average cost of capital
  
14.40
%
  
14.90
%
Expected volatility of the Company's common stock
  
40.00
%
  
50.00
%
EBITDA volatility
  
40.00
%
  
40.00
%
Activity for Level 3 Fair Value Measurements The following summarizes the activity for Level 3 fair value measurements:

 
Three Months Ended
 
Nine Months Ended

 
December 31,
 
December 31,

 
2024
   
2023
  
2024
  
2023
 
Beginning balance
 
$
5,210,000
   
$
8,960,000
  
$
7,410,000
  
$
8,430,000
 
Changes in fair value of Compound Net Derivative Liability included in earnings
  
(260,000
)
   
1,160,000
   
(2,460,000
)
  
1,690,000
 
Ending balance
 
$
4,950,000
   
$
10,120,000
  
$
4,950,000
  
$
10,120,000