FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Jun. 30, 2020

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 June 30, 2020 and March 31, 2020 (in thousands):


	Fair Value Measurements at
	June 30, 2020
	Level 1		Level 2		Level 3		Total
ASSETS:
Cash and cash equivalents	$	403,306	$	—	$	—	$	403,306
U.S. government and municipal obligations	10,640		—		—		10,640
Commercial paper	—		10,626		—		10,626
Corporate bonds	1,936		—		—		1,936

Derivative financial instruments	—		21		—		21


	$	415,882	$	10,647	$	—	$	426,529
LIABILITIES:
Contingent purchase consideration	$	—	$	—	$	(748)	$	(748)

Derivative financial instruments	—		(20)		—		(20)
	$	—	$	(20)	$	(748)	$	(768)


	Fair Value Measurements at
	March 31, 2020
	Level 1		Level 2		Level 3		Total
ASSETS:
Cash and cash equivalents	$	338,489	$	—	$	—	$	338,489
U.S. government and municipal obligations	31,341		—		—		31,341
Commercial paper	—		14,644		—		14,644
Corporate bonds	4,597		—		—		4,597



	$	374,427	$	14,644	$	—	$	389,071
LIABILITIES:
Contingent purchase consideration	$	—	$	—	$	(1,748)	$	(1,748)

Derivative financial instruments	$	—	$	(49)	$	—	$	(49)
	$	—	$	(49)	$	(1,748)	$	(1,797)

Schedule of Reconciliation of Changes in Fair Value of Level III Financial Assets

The following table sets forth a reconciliation of changes in the fair value of the Company's Level 3 financial liabilities for the three months ended June 30, 2020 (in thousands):


	Contingent Purchase Consideration
Balance at March 31, 2020	$	(1,748)




Payments made	1,000



Balance at June 30, 2020	$	(748)