Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2017

Fair Value Measurements Tables

Fair Value Measurements, Recurring and Nonrecurring (Tables)

Cash, cash equivalents, available-for-sale investments, and contingent consideration were (in thousands):

				Gross		Gross				Cash and
		Amortized		Unrealized		Unrealized		Estimated		Cash		Short-Term
As of March 31, 2017		Costs		Gain		Loss		Fair Value		Equivalents		Investments
Cash	$	29,122	$	-	$	-	$	29,122	$	29,122	$	-
Level 1:
Money market funds		11,908		-		-		11,908		11,908		-
Mutual funds		2,000		-		(194)		1,806		-		1,806
Subtotal		43,030		-		(194)		42,836		41,030		1,806
Level 2:
Commercial paper		19,144		8		-		19,152		-		19,152
Corporate debt		83,995		61		(58)		83,998		-		83,998
Asset backed securities		26,906		4		(22)		26,888		-		26,888
Mortgage backed securities		116		-		(1)		115		-		115
Agency bond		2,000		-		-		2,000		-		2,000
Subtotal		132,161		73		(81)		132,153		-		132,153
Total assets	$	175,191	$	73	$	(275)	$	174,989	$	41,030	$	133,959
Level 3:
Contingent consideration	$	-	$	-	$	-	$	148	$	-	$	-
Total liabilities	$	-	$	-	$	-	$	148	$	-	$	-

				Gross		Gross				Cash and
		Amortized		Unrealized		Unrealized		Estimated		Cash		Short-Term
As of March 31, 2016		Costs		Gain		Loss		Fair Value		Equivalents		Investments
Cash	$	18,596	$	-	$	-	$	18,596	$	18,596	$	-
Level 1:
Money market funds		14,980		-		-		14,980		14,980		-
Mutual funds		2,000		-		(187)		1,813		-		1,813
Subtotal		35,576		-		(187)		35,389		33,576		1,813
Level 2:
Commercial paper		6,794		2		-		6,796		-		6,796
Corporate debt		85,164		78		(28)		85,214		-		85,214
Municipal securities		1,007		-		(1)		1,006		-		1,006
Asset backed securities		24,614		7		(11)		24,610		-		24,610
Mortgage backed securities		2,045		-		(17)		2,028		-		2,028
Agency bond		6,805		1		-		6,806		-		6,806
International government securities		1,000		1		-		1,001		-		1,001
Subtotal		127,429		89		(57)		127,461		-		127,461
Total assets	$	163,005	$	89	$	(244)	$	162,850	$	33,576	$	129,274
Level 3:
Contingent consideration	$	-	$	-	$	-	$	341	$	-	$	-
Total liabilities	$	-	$	-	$	-	$	341	$	-	$	-

Contractual maturities of investments as of March 31, 2017 are set forth below (in thousands):

		Estimated
		Fair Value
Due within one year	$	78,039
Due after one year		55,920
Total	$	133,959

Rollforward of contingent consideration liabilities (Tables)

The table below presents a roll-forward of the contingent consideration and escrow liability valued using a Level 3 input (in thousands):

		Years Ended March 31,
		2017		2016
Balance at beginning of period	$	341	$	-
Purchase price contingent consideration		-		541
Fair value adjustment		107		-
Contingent consideration payments		(300)		(200)
Balance at end of period	$	148	$	341