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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Jun. 30, 2016
Fair Value Measurements Tables  
Fair Value Measurements, Recurring and Nonrecurring (Tables)

Cash, cash equivalents, and available-for-sale investments, and contingent consideration were (in thousands):

            Gross     Gross           Cash and      
      Amortized     Unrealized     Unrealized     Estimated     Cash     Short-Term
As of June 30, 2016     Costs     Gain     Loss     Fair Value     Equivalents     Investments
     Cash   $ 22,440    $   $   $ 22,440    $ 22,440    $
Level 1:                                    
     Money market funds     5,026              5,026      5,026     
     Mutual funds     2,000          (175)     1,825          1,825 
          Subtotal     29,466          (175)     29,291      27,466      1,825 
Level 2:                                    
     Commercial paper     15,660              15,668          15,668 
     Corporate debt     88,620      143      (10)     88,753          88,753 
     Municipal securities     1,001          (1)     1,000          1,000 
     Asset backed securities     27,349      32      (1)     27,380          27,380 
     Mortgage backed securities     1,989          (14)     1,975          1,975 
     Agency bond     2,000              2,005          2,005 
     International government securities     1,000              1,001          1,001 
          Subtotal     137,619      189      (26)     137,782          137,782 
          Total assets   $ 167,085    $ 189    $ (201)   $ 167,073    $ 27,466    $ 139,607 
Level 3:                                    
     Contingent consideration   $   $   $   $ 216    $   $
          Total liabilities   $   $   $   $ 216    $   $

 

            Gross     Gross           Cash and      
      Amortized     Unrealized     Unrealized     Estimated     Cash     Short-Term
As of March 31, 2016     Costs     Gain     Loss     Fair Value     Equivalents     Investments
     Cash   $ 18,596    $   $   $ 18,596    $ 18,596    $
Level 1:                                    
     Money market funds     14,980              14,980      14,980     
     Mutual funds     2,000          (187)     1,813          1,813 
          Subtotal     35,576          (187)     35,389      33,576      1,813 
Level 2:                                    
     Commercial paper     6,794              6,796          6,796 
     Corporate debt     85,164      78      (28)     85,214          85,214 
     Municipal securities     1,007          (1)     1,006          1,006 
     Asset backed securities     24,614          (11)     24,610          24,610 
     Mortgage backed securities     2,045          (17)     2,028          2,028 
     Agency bond     6,805              6,806          6,806 
     International government securities     1,000              1,001          1,001 
          Subtotal     127,429      89      (57)     127,461          127,461 
          Total assets   $ 163,005    $ 89    $ (244)   $ 162,850    $ 33,576    $ 129,274 
Level 3:                                    
     Contingent consideration   $   $   $   $ 341    $   $
          Total liabilities   $   $   $   $ 341    $   $

 

Contractual maturities of investments as of June 30, 2016 are set forth below (in thousands):

      Estimated
      Fair Value
Due within one year   $ 79,772 
Due after one year     59,835 
     Total   $ 139,607 

 

 

 

 

Rollforward of contingent consideration liabilities (Tables)

The table below presents a roll-forward of the contingent consideration and escrow liability valued using a Level 3 input (in thousands):

      Three Months Ended
June 30, 2016
    Year Ended
March 31, 2016
Balance at beginning of period   $ 341    $
     Purchase price contingent consideration         541 
     Contingent consideration payments     (125)     (200)
Balance at end of period   $ 216    $ 341