FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Jun. 30, 2023

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, 2023 and March 31, 2023 (in thousands):


	Fair Value Measurements at
	June 30, 2023
	Level 1		Level 2		Level 3		Total
ASSETS:
Cash and cash equivalents	$	299,164	$	33,552	$	—	$	332,716
U.S. government and municipal obligations	18,585		3,992		—		22,577
Commercial paper	—		23,159		—		23,159

Certificate of deposits	—		6,255		—		6,255
Equity investment in Napatech	5,777		—		—		5,777
Derivative financial instruments	—		167		—		167


	$	323,526	$	67,125	$	—	$	390,651
LIABILITIES:


Derivative financial instruments	$	—	$	(1)	$	—	$	(1)
	$	—	$	(1)	$	—	$	(1)


	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)

Schedule of Reconciliation of Changes in Fair Value of Level 3 Financial Assets

The following table sets forth a reconciliation of changes in the fair value of the Company's Level 3 financial liability for the three months ended June 30, 2023 (in thousands):


	Derivative
	Instrument
Balance at March 31, 2023	$	(1,380)
Change in fair value of derivative investment	206
Settlement of derivative instrument	1,174
Balance at June 30, 2023	$	—