CASH, CASH EQUIVALENTS, RESTRICTED CASH AND MARKETABLE SECURITIES

9 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

CASH, CASH EQUIVALENTS, RESTRICTED CASH AND MARKETABLE SECURITIES

CASH, CASH EQUIVALENTS, RESTRICTED CASH AND MARKETABLE SECURITIESThe Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents and those investments with original maturities greater than three months to be marketable securities. Cash and cash equivalents mainly consisted of U.S. government and municipal obligations, commercial paper, money market instruments and cash maintained with various financial institutions at December 31, 2021 and March 31, 2021.

Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows (in thousands):

	December 31, 2021		March, 31, 2021		December 31, 2020		March 31, 2020
Cash and cash equivalents	$	548,105	$	467,176	$	477,755	$	338,489
Restricted cash	—		—		748		1,748
Total cash, cash equivalents and restricted cash	$	548,105	$	467,176	$	478,503	$	340,237

The Company's restricted cash includes cash balances which are legally or contractually restricted. The Company's restricted cash is included within prepaid and other current assets and consists of amounts related to holdbacks associated with prior acquisitions.

Marketable Securities

The following is a summary of marketable securities held by NetScout at December 31, 2021, classified as short-term and long-term (in thousands):

	Amortized Cost		Unrealized Gains		Fair Value
Type of security:
Commercial paper	$	5,349	$	—	$	5,349
Total short-term marketable securities	5,349		—		5,349
Total long-term marketable securities	—		—		—
Total marketable securities	$	5,349	$	—	$	5,349

The following is a summary of marketable securities held by NetScout at March 31, 2021, classified as short-term and long-term (in thousands):

	Amortized Cost		Unrealized Gains		Fair Value
Type of security:
U.S. government and municipal obligations	$	3,571	$	7	$	3,578
Commercial paper	5,699		—		5,699
Total short-term marketable securities	9,270		7		9,277
Total long-term marketable securities	—		—		—
Total marketable securities	$	9,270	$	7	$	9,277

Contractual maturities of the Company's marketable securities held at December 31, 2021 and March 31, 2021 were as follows (in thousands):

	December 31, 2021		March 31, 2021
Available-for-sale securities:
Due in 1 year or less	$	5,349	$	9,277
Due after 1 year through 5 years	—		—
	$	5,349	$	9,277