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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities
The following tables present the Company’s financial assets and liabilities measured on a recurring basis using the fair value hierarchy at March 31, 2019 and 2018 (in thousands):
 
Fair Value Measurements at
 
March 31, 2019
 
Level 1
 
Level 2
 
Level 3
 
Total
ASSETS:
 
 
 
 
 
 
 
Cash and cash equivalents
$
409,632

 
$

 
$

 
$
409,632

U.S. government and municipal obligations
10,732

 
16,890

 

 
27,622

Commercial paper

 
48,722

 

 
48,722

Corporate bonds
1,012

 

 

 
1,012

Derivative financial instruments

 
58

 

 
58

Contingent consideration

 

 
762

 
762

 
$
421,376


$
65,670


$
762


$
487,808

LIABILITIES:
 
 
 
 
 
 
 
Derivative financial instruments
$

 
$
(68
)
 
$

 
$
(68
)
 
$

 
$
(68
)
 
$

 
$
(68
)
 
 
Fair Value Measurements at
 
March 31, 2018
 
Level 1
 
Level 2
 
Level 3
 
Total
ASSETS:
 
 
 
 
 
 
 
Cash and cash equivalents
$
369,821

 
$

 
$

 
$
369,821

U.S. government and municipal obligations
14,513

 
27,673

 

 
42,186

Commercial paper

 
33,003

 

 
33,003

Corporate bonds
2,752

 

 

 
2,752

Derivative financial instruments

 
122

 

 
122

 
$
387,086

 
$
60,798

 
$

 
$
447,884

LIABILITIES:
 
 
 
 
 
 
 
Contingent purchase consideration
$

 
$

 
$
(5,464
)
 
$
(5,464
)
Derivative financial instruments

 
(40
)
 

 
(40
)
 
$

 
$
(40
)
 
$
(5,464
)
 
$
(5,504
)
Schedule of Reconciliation of Changes in Fair Value of Level Three Financial Liabilities
The following table sets forth a reconciliation of changes in the fair value of the Company’s Level 3 financial liabilities for the year ended March 31, 2018 (in thousands):
 
Contingent
Purchase
Consideration
Balance at March 31, 2017
$
(5,449
)
Additions to Level 3
(523
)
Change in fair value of contingent consideration
(152
)
Payments made
660

Balance at March 31, 2018
$
(5,464
)
The following table sets forth a reconciliation of changes in the fair value of the Company’s Level 3 financial liabilities for the year ended March 31, 2019 (in thousands):
 
Contingent
Purchase
Consideration
Contingent Consideration
Balance at March 31, 2018
$
(5,464
)
$

Contingent consideration pursuant to divestiture of the HNT tools business

2,257

Change in fair value of contingent consideration
(102
)
(1,495
)
Payments made
5,566


Balance at March 31, 2019
$

$
762