FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Sep. 30, 2022

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 September 30, 2022 and March 31, 2022 (in thousands):


	Fair Value Measurements at
	September 30, 2022
	Level 1		Level 2		Level 3		Total
ASSETS:
Cash and cash equivalents	$	274,776	$	45,549	$	—	$	320,325
U.S. government and municipal obligations	16,143		1,595		—		17,738
Commercial paper	—		22,292		—		22,292
Corporate bonds	815		—		—		815
Certificate of deposits	—		5,961		—		5,961



	$	291,734	$	75,397	$	—	$	367,131
LIABILITIES:


Derivative financial instruments	$	—	$	(877)	$	—	$	(877)
	$	—	$	(877)	$	—	$	(877)


	Fair Value Measurements at
	March 31, 2022
	Level 1		Level 2		Level 3		Total
ASSETS:
Cash and cash equivalents	$	617,734	$	18,427	$	—	$	636,161
U.S. government and municipal obligations	40,863		—		—		40,863
Commercial paper	—		23,353		—		23,353
Corporate bonds	821		—		—		821
Certificate of deposits	—		2,000		—		2,000
Derivative financial instruments	—		20		—		20

	$	659,418	$	43,800	$	—	$	703,218
LIABILITIES:


Derivative financial instruments	$	—	$	(78)	$	—	$	(78)
	$	—	$	(78)	$	—	$	(78)