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Investments | 9 Months Ended
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Dec. 31, 2020
Investments Debt And Equity Securities [Abstract] |
Investments | Note 5. Investments Equity Securities The Company adopted ASU 20116-01 on July 1, 2020. The first purchases of equity securities occurred in the second quarter of Fiscal Year 2021, so no prospective basis existed for these equity investments. The purchase of these equity investments was recorded in the Consolidated Balance Sheets at $4.3 million as of December 31, 2020. The Company defined these equity investments as trading securities with changes in fair value were immediately recognized through net income in each quarter. As of December 31, 2020, the carrying values of our equity securities were included in the following line items in our consolidated balance sheet:
|  | (In thousands) |
|  | Fair Value with Changes Recognized in Income |  |  | Measurement Alternative - No Readily Determinable Fair Value |
Marketable securities |  | $ | 4,286 |  |  | $ | - |
Total equity securities |  | $ | 4,286 |  |  | $ | - |
The calculation of net unrealized gains and losses for the period that relate to equity securities still held at December 31, 2020 is as follows (in thousand):
|  | Nine Months Ended
|  | December 31, 2020 |  |
Unrealized gains on equity securities as of March 31, 2020 |  | $ | - |  |
Unrealized gains on equity securities for the nine months ended December 31, 2020 |  |  | (1,101 | ) |
Unrealized gains on equity securities as of December 31, 2020 |  | $ | (1,101 | ) |
For the three months ended December 31, 2020, the Company recorded realized gains on equity securities of $0.2 million. Both unrealized and realized gains were reflected in earnings.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 + Details
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