FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 31, 2020

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 December 31, 2020 and March 31, 2020 (in thousands):

	Fair Value Measurements at
	December 31, 2020
	Level 1		Level 2		Level 3		Total
ASSETS:
Cash and cash equivalents	$	477,755	$	—	$	—	$	477,755
U.S. government and municipal obligations	2,538		1,038		—		3,576
Commercial paper	—		7,196		—		7,196
Corporate bonds	1,917		—		—		1,917
Derivative financial instruments	—		174		—		174
	$	482,210	$	8,408	$	—	$	490,618
LIABILITIES:
Contingent purchase consideration	$	—	$	—	$	(748)	$	(748)
	$	—	$	—	$	(748)	$	(748)

	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 nine months ended December 31, 2020 (in thousands):

	Contingent Purchase Consideration
Balance at March 31, 2020	$	(1,748)
Payments made	1,000
Balance at December 31, 2020	$	(748)