FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Mar. 31, 2023

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, 2023 and 2022 (in thousands):

	Fair Value Measurements at
	March 31, 2023
	Level 1		Level 2		Level 3		Total
ASSETS:
Cash and cash equivalents	$	370,455	$	16,339	$	—	$	386,794
U.S. government and municipal obligations	17,735		—		—		17,735
Commercial paper	—		19,136		—		19,136
Corporate bonds	310		—		—		310
Certificate of deposits	—		3,963		—		3,963
Derivative financial instruments	—		59		—		59
	$	388,500	$	39,497	$	—	$	427,997
LIABILITIES:
Derivative financial instruments	$	—	$	(49)	$	(1,380)	$	(1,429)
	$	—	$	(49)	$	(1,380)	$	(1,429)

 

	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)

Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table sets forth a reconciliation of changes in the fair value of the Company’s Level 3 financial asset for the fiscal year ended March 31, 2022 (in thousands):

	Contingent Consideration
Balance at March 31, 2021	$	—
Change in fair value of contingent consideration	837
Collection of contingent consideration	(837)
Balance at March 31, 2022	$	—

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 liability for the fiscal year ended March 31, 2023 (in thousands):

	Derivative Instrument
Balance at March 31, 2022	$	—
Change in fair value of derivative instrument	(1,380)
Balance at March 31, 2023	$	(1,380)