FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 31, 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 December 31, 2023 and March 31, 2023 (in thousands):


	Fair Value Measurements at
	December 31, 2023
	Level 1		Level 2		Level 3		Total
ASSETS:
Cash and cash equivalents	$	296,144	$	1,511	$	—	$	297,655
U.S. government and municipal obligations	11,974		—		—		11,974
Commercial paper	—		8,668		—		8,668

Certificate of deposits	—		3,855		—		3,855
Equity investment in Napatech	7,970		—		—		7,970
Derivative financial instruments	—		67		—		67


	$	316,088	$	14,101	$	—	$	330,189
LIABILITIES:


Derivative financial instruments	$	—	$	(12)	$	—	$	(12)
	$	—	$	(12)	$	—	$	(12)


	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 nine months ended December 31, 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 December 31, 2023	$	—