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Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities accounted for at fair value and classified by level within the fair value hierarchy
The following table presents the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis, excluding assets related to the Company's defined benefit pension plans, classified by the level within the fair value hierarchy (in thousands):
 
 
March 31, 2020
 
March 31, 2019
 
 
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 

 
 
 
 
 
 

 
 

 
 

Cash equivalents
 
$
564,952

 
$

 
$

 
$
496,434

 
$

 
$

Trading investments for deferred compensation plan included in other assets:
 
 

 
 
 
 
 
 

 
 

 
 

Cash
 
$
846

 
$

 
$

 
$

 
$

 
$

Money market funds
 
$
7,147

 
$

 
$

 
$
4,080

 
$

 
$

Mutual funds
 
12,092

 

 

 
16,283

 

 

Total of trading investments for deferred compensation plan
 
$
20,085

 
$

 
$

 
$
20,363

 
$

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
Currency derivative assets included in other current assets
 
$

 
$
129

 
$

 
$

 
$
455

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Contingent consideration for business acquisition included in accrued and other current liabilities (Note3)
 
$

 
$

 
$
23,284

 
$

 
$

 
$

Currency derivative liabilities included in accrued and other current liabilities
 
$

 
$
719

 
$

 
$

 
$
36

 
$


Change in fair value of contingent consideration
The following table summarizes the change in the fair value of the Company's contingent consideration balance during fiscal year 2020 (in thousands):
 
Year Ended March 31,
 
2020
Acquisition-related contingent consideration, beginning of the year
$

Fair value of contingent consideration upon acquisition
37

Change in fair value of contingent consideration
23,247

Acquisition-related contingent consideration, end of the year
$
23,284