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Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities, Classified by Level

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): 

						December 31, 2023																		March 31, 2023
						Level 1						Level 2						Level 3						Level 1						Level 2						Level 3
Assets:
Cash equivalents						$	959,932					$	—					$	—					$	661,884					$	—					$	—
Investments for deferred compensation plan included in other assets:
Cash						$	402					$	—					$	—					$	41					$	—					$	—
Common stock						1,257						—						—						988						—						—
Money market funds						9,760						—						—						9,606						—						—
Mutual funds						18,486						—						—						17,578						—						—
Total investments for deferred compensation plan						$	29,905					$	—					$	—					$	28,213					$	—					$	—
Currency derivative assets included in other current assets						$	—					$	118					$	—					$	—					$	107					$	—
Liabilities:
Contingent consideration included in accrued and other current liabilities						$	—					$	—					$	1,809					$	—					$	—					$	6,629
Currency derivative liabilities included in accrued and other current liabilities						$	—					$	1,813					$	—					$	—					$	2,187					$	—

Schedule of Change in Fair Value of Contingent Consideration

The following table summarizes the change in the Company's contingent consideration balance during the nine months ended December 31, 2023 and 2022 (in thousands):

						Nine months ended December 31,
						2023						2022
Beginning of the period						$	6,629					$	12,259
Fair value of contingent consideration upon acquisition						—						2,151
Payments of contingent consideration						(5,002)						(5,954)
Effect of foreign currency exchange rate changes						182						(1,843)
End of the period						$	1,809					$	6,613

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- References

No definition available.

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- 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
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

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- 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
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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