XML 28 R14.htm IDEA: XBRL DOCUMENT v3.21.1
Other Income (Expense), net
 12 Months Ended
Mar. 31, 2021
Other Income and Expenses [Abstract]  
Other Income (Expense), net Other Income (Expense), net
Other income (expense), net comprises of the following (in thousands):
 Years Ended March 31,
 202120202019
Investment income (loss) related to the deferred compensation plan$5,916 $(831)$664 
Currency exchange loss, net(2,688)(909)(3,608)
Gain (Loss) on investments, net(5,910)39,011 816 
Other893 941 1,692 
Other income (expense), net$(1,789)$38,212 $(436)
Gain (Loss) on investments, net, represents realized gain (loss) on sales of investments, unrealized gain (loss) from the change in fair value of available-for-sale securities and gain (loss) on equity-method investments during the periods presented.
In fiscal year 2021, the loss on investments is mostly related to losses recognized from the Company's equity method investments. On March 2, 2020, the Company sold its $5.5 million investment, in a privately held company, for proceeds with a total fair value of $45.3 million consisting of cash, a subordinated note and an equity interest in another privately held company. As a result, the Company recognized a gain of $39.8 million related to the sale of this investment in fiscal year 2020.
The components of net periodic benefit cost other than the service cost component, which is included in "operating expenses" in the consolidated statements of operations, for the years ended March 31, 2021, 2020 and 2019 are included in the line “Other” above as a result of adopting ASU 2017-07, "Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost" (ASU 2017-07), effective April 1, 2018.