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Investments and Fair Value Measurement (Tables)
 9 Months Ended 12 Months Ended
Dec. 31, 2023
Mar. 31, 2023
Investments, All Other Investments [Abstract]    
Summary of Investments in Debt Securities that are Measured at Fair Value

The following table summarizes the Company's investments in debt securities that are measured at fair value as of December 31, 2023 (in thousands):

 

 

 

Amortized costs
basis

 

 

Gross unrealized gains

 

 

Gross unrealized losses

 

 

Fair value

 

As of March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Investment in debt securities

 

$

4,943

 

 

$

2

 

 

$

—

 

 

$

4,945

 

As of December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Investment in debt securities

 

$

1,995

 

 

$

—

 

 

$

—

 

 

$

1,995

 

The following table summarizes the Company's investments in debt securities that are measured at fair value as of March 31, 2023 (in thousands):

 

 

 

Amortized costs basis

 

 

Gross unrealized gains

 

 

Gross unrealized losses

 

 

Fair value

 

As of March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Investment in debt securities

 

$

4,943

 

 

$

2

 

 

$

—

 

 

$

4,945

 
Schedule of Activity for Investments in Equity Securities Measured at Fair Value

The following table presents the activity for investments in equity securities measured at fair value for the nine months ended December 31, 2023 (in thousands):

 

 

 

Investment in Equity Securities
(in thousands)

 

Balance at March 31, 2023

 

$

706

 

Liquidation of equity securities

 

 

(718

)

Gain on investment in equity securities

 

 

12

 

Balance at December 31, 2023

 

$

—

 

The following table presents the activity for investments in equity securities measured at fair value for the year ended March 31, 2023 (in thousands):

 

 

 

 

 

 

 

Investment in Equity Securities
(in thousands)

 

Balance at March 31, 2022

 

$

—

 

Purchases at cost

 

 

1,061

 

Sales

 

 

(384

)

Gain on investment in equity securities

 

 

29

 

Balance at March 31, 2023

 

$

706