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Fair Value Measurements (Tables)

6 Months Ended

Sep. 30, 2020

Financial Instruments, Owned, at Fair Value [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): 

		September 30, 2020												March 31, 2020
		Level 1				Level 2				Level 3				Level 1				Level 2				Level 3
Assets:
Cash equivalents		$	301,090			$	—			$	—			$	564,952			$	—			$	—
Trading investments for deferred compensation plan included in other assets:
Cash		$	233			$	—			$	—			$	846			$	—			$	—
Common stock		1,388				—				—				—				—				—
Money market funds		8,650				—				—				7,147				—				—
Mutual funds		14,288				—				—				12,092				—				—
Total of trading investments for deferred compensation plan		$	24,559			$	—			$	—			$	20,085			$	—			$	—
Currency exchange derivative assets included in other current assets		$	—			$	1,836			$	—			$	—			$	129			$	—
Liabilities:
Contingent consideration for business acquisition included in accrued and other current liabilities		$	—			$	—			$	—			$	—			$	—			$	23,284
Currency exchange derivative liabilities included in accrued and other current liabilities		$	—			$	130			$	—			$	—			$	719			$	—

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 the six months ended September 30, 2020 (in thousands):

	Six Months Ended September 30, 2020
Beginning of the period	$	23,284
Change in fair value of contingent consideration	5,716
End of the period (1)	$	29,000

(1) As of June 30, 2020, the earn-out period was completed. The earn-out payment of $29.0 million is based on the actual net sales of Streamlabs services and no longer subject to fair value measurement and was accordingly transferred out of Level 3. The expected earn-out payment is included in the accrued and other current liabilities of the unaudited condensed consolidated balance sheet.

X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

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- References

No definition available.

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X

- 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

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