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7. FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
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Dec. 31, 2021
FINANCIAL INSTRUMENTS |
Schedule of fair value of financial assets measured on a recurring basis | The fair value of financial assets measured on a recurring basis is as follows (in thousands): ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements at Reporting Date Using | ​
​ | ​ | ​ | ​ | ​ | Quoted Prices | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant | ​
​ | ​ | ​ | ​ | ​ | Identical Assets | ​ | Observable | ​ | Unobservable | ​
​ | ​ | ​ | ​ | ​ | and Liabilities | ​ | Inputs | ​ | Inputs | ​
​ |  | December 31, 2021 |  | (Level 1) |  | (Level 2) |  | (Level 3) |
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Money market funds | ​ | $ | 14,342 | ​ | $ | 14,342 | ​ | $ | — | ​ | $ | — | ​
Marketable securities | ​ | ​ | 15,169 | ​ | ​ | — | ​ | ​ | 15,169 | ​ | ​ | — | ​
Total | ​ | $ | 29,511 | ​ | $ | 14,342 | ​ | $ | 15,169 | ​ | $ | — | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contingent consideration | ​ | $ | 4,293 | ​ | $ | — | ​ | $ | — | ​ | $ | 4,293 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements at Reporting Date Using | ​
​ | ​ | ​ | ​ | ​ | Quoted Prices | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant | ​
​ | ​ | ​ | ​ | ​ | Identical Assets | ​ | Observable | ​ | Unobservable | ​
​ | ​ | ​ | ​ | ​ | and Liabilities | ​ | Inputs | ​ | Inputs | ​
​ |  | March 31, 2021 |  | (Level 1) |  | (Level 2) |  | (Level 3) |
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Money market funds | ​ | $ | 22,992 | ​ | $ | 22,992 | ​ | $ | — | ​ | $ | — | ​
Marketable securities | ​ | ​ | 15,509 | ​ | ​ | — | ​ | ​ | 15,509 | ​ | ​ | — | ​
Total | ​ | $ | 38,501 | ​ | $ | 22,992 | ​ | $ | 15,509 | ​ | $ | — | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contingent consideration | ​ | $ | 4,225 | ​ | $ | — | ​ | $ | — | ​ | $ | 4,225 | ​
Schedule of changes in fair value of contingent consideration | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended December 31,
​ |  | 2021 |  | 2020
​ | ​ | (In thousands)
Contingent consideration, beginning of period | ​ | $ | 4,225 | ​ | $ | 3,898
Change due to accretion | ​ | ​ | 68 | ​ | ​ | 74
Contingent consideration, end of period | ​ | $ | 4,293 | ​ | $ | 3,972
Schedule of available-for-sale investments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021 | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | Fair | ​
​ |  | Cost |  | Gains |  | Losses |  | Value |
​ | ​ | (In thousands) | ​
Short-term investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificates of deposit | ​ | $ | 5,750 | ​ | $ | 2 | ​ | $ | (5) | ​ | $ | 5,747 | ​
Supranational obligations | ​ | ​ | 2,012 | ​ | ​ | 1 | ​ | ​ | (2) | ​ | ​ | 2,011 | ​
Agency bonds | ​ | ​ | 4,015 | ​ | ​ | 1 | ​ | ​ | (1) | ​ | ​ | 4,015 | ​
Total short-term investments | ​ | $ | 11,777 | ​ | $ | 4 | ​ | $ | (8) | ​ | $ | 11,773 | ​
Long-term investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificates of deposit | ​ | $ | 1,750 | ​ | $ | 5 | ​ | $ | (3) | ​ | $ | 1,752 | ​
Supranational obligations | ​ | ​ | 651 | ​ | ​ | — | ​ | ​ | (2) | ​ | ​ | 649 | ​
Agency bonds | ​ | ​ | 996 | ​ | ​ | 1 | ​ | ​ | (2) | ​ | ​ | 995 | ​
Total long-term investments | ​ | $ | 3,397 | ​ | $ | 6 | ​ | $ | (7) | ​ | $ | 3,396 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2021 | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Unrealized | ​ | Unrealized | ​ | Fair | ​
​ |  | Cost |  | Gains |  | Losses |  | Value |
​ | ​ | (In thousands) | ​
Short-term investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificates of deposit | ​ | $ | 1,495 | ​ | $ | 13 | ​ | $ | — | ​ | $ | 1,508 | ​
Supranational obligations | ​ | ​ | 2,273 | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | 2,274 | ​
Agency bonds | ​ | ​ | 5,911 | ​ | ​ | 24 | ​ | ​ | — | ​ | ​ | 5,935 | ​
Total short-term investments | ​ | $ | 9,679 | ​ | $ | 38 | ​ | $ | — | ​ | $ | 9,717 | ​
Long-term investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificates of deposit | ​ | $ | 3,750 | ​ | $ | 19 | ​ | $ | (1) | ​ | $ | 3,768 | ​
Supranational obligations | ​ | ​ | 1,023 | ​ | ​ | — | ​ | ​ | (1) | ​ | ​ | 1,022 | ​
Agency bonds | ​ | ​ | 1,001 | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | 1,002 | ​
Total long-term investments | ​ | $ | 5,774 | ​ | $ | 20 | ​ | $ | (2) | ​ | $ | 5,792 | ​
Schedule of unrealized losses and fair value of investments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
​ | ​ | Less Than 12 Months | ​ | 12 Months or Greater | ​ | Total
​ | ​ | ​ | Fair | ​ | ​ | Unrealized | ​ | ​ | Fair | ​ | ​ | Unrealized | ​ | ​ | Fair | ​ | ​ | Unrealized
​ | ​ | ​ | Value | ​ | ​ | Loss | ​ | ​ | Value | ​ | ​ | Loss | ​ | ​ | Value | ​ | ​ | Loss
​ | ​ | (In thousands)
Certificates of deposit | ​ | $ | 5,244 | ​ | $ | (6) | ​ | $ | 249 | ​ | $ | (1) | ​ | $ | 5,493 | ​ | $ | (7)
Agency bonds | ​ | ​ | 3,009 | ​ | ​ | (3) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 3,009 | ​ | ​ | (3)
Supranational obligations | ​ | ​ | 1,659 | ​ | ​ | (3) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,659 | ​ | ​ | (3)
​ | ​ | $ | 9,912 | ​ | $ | (12) | ​ | $ | 249 | ​ | $ | (1) | ​ | $ | 10,161 | ​ | $ | (13)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2021
​ | ​ | Less Than 12 Months | ​ | 12 Months or Greater | ​ | Total
​ | ​ | ​ | Fair | ​ | ​ | Unrealized | ​ | ​ | Fair | ​ | ​ | Unrealized | ​ | ​ | Fair | ​ | ​ | Unrealized
​ | ​ | ​ | Value | ​ | ​ | Loss | ​ | ​ | Value | ​ | ​ | Loss | ​ | ​ | Value | ​ | ​ | Loss
​ | ​ | (In thousands)
Certificates of deposit | ​ | $ | 1,499 | ​ | $ | (1) | ​ | $ | - | ​ | $ | - | ​ | $ | 1,499 | ​ | $ | (1)
Supranational obligations | ​ | ​ | 2,037 | ​ | ​ | (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 2,037 | ​ | ​ | (1)
​ | ​ | $ | 3,536 | ​ | $ | (2) | ​ | $ | - | ​ | $ | - | ​ | $ | 3,536 | ​ | $ | (2)
Schedule of contractual maturities of the available-for-sale investments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair
​ |  | Cost |  | Value
​ | ​ | (In thousands)
Maturing within one year | ​ | $ | 11,777 | ​ | $ | 11,773
Maturing in one to three years | ​ | ​ | 3,397 | ​ | ​ | 3,396
​ | ​ | $ | 15,174 | ​ | $ | 15,169

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- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121582814&loc=SL82922888-210455 + 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=117815213&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=117815213&loc=d3e19207-110258 + Details
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