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CASH, CASH EQUIVALENTS, MARKETABLE SECURITIES AND INVESTMENTS
 12 Months Ended
Mar. 31, 2024
Cash and Cash Equivalents [Abstract]  
CASH, CASH EQUIVALENTS, MARKETABLE SECURITIES AND INVESTMENTS CASH, CASH EQUIVALENTS, MARKETABLE SECURITIES AND INVESTMENTS
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 March 31, 2024 and 2023.
Marketable Securities
The following is a summary of marketable securities held by NetScout at March 31, 2024 classified as short-term and long-term (in thousands):
Amortized
Cost		Unrealized
Losses		Fair
Value
Type of security:
U.S. government and municipal obligations$10,523 $(26)$10,497 
Commercial paper8,648 — 8,648 
Certificates of deposit2,807 — 2,807 
Total short-term marketable securities21,978 (26)21,952 
U.S. government and municipal obligations1,004 (10)994 
Total long-term marketable securities1,004 (10)994 
Total marketable securities$22,982 $(36)$22,946 
 
The following is a summary of marketable securities held by NetScout at March 31, 2023, classified as short-term and long-term (in thousands):
Amortized
Cost		Unrealized
Gains (Losses)		Fair
Value
Type of security:
U.S. government and municipal obligations$8,796 $(1)$8,795 
Commercial paper19,136 — 19,136 
Corporate bonds310 — 310 
Certificates of deposit3,963 — 3,963 
Total short-term marketable securities32,205 (1)32,204 
U.S. government and municipal obligations8,915 25 8,940 
Total long-term marketable securities8,915 25 8,940 
Total marketable securities$41,120 $24 $41,144 
Contractual maturities of the Company's marketable securities held at March 31, 2024 and 2023 (in thousands) were as follows:
March 31,
2024		March 31,
2023
Available-for-sale securities:
Due in 1 year or less$21,952 $32,204 
Due after 1 year through 5 years994 8,940 
$22,946 $41,144 
Investments
In February 2023, the Company entered into a forward share purchase agreement with Napatech A/S (Napatech), a publicly traded Danish company registered on the Oslo stock exchange, to purchase approximately 6.2 million shares of Napatech's common stock for $7.5 million. In April 2023, the Company settled the forward share purchase contract with Napatech in exchange for approximately 6.2 million shares of Napatech's common stock. As part of the agreement, the Company received the right to designate a representative to be nominated for election to the Napatech Board of Directors, which was approved by Napatech's Nomination Committee in April 2023. The Company accounts for this investment under the equity method and has elected to apply the fair value option to the investment. The Company records the investment at fair value at the end of each period based on the closing price of Napatech's stock and any change in fair value during the period is recorded in other income (expense), net within the Company's consolidated statement of operations. At March 31, 2024, the fair value of the investment in Napatech was $11.5 million and was included in marketable securities and investments in the Company's consolidated balance sheet. During the fiscal year ended March 31, 2024, the Company recognized a $5.5 million increase in the fair value of the equity investment in Napatech in other income (expense), net within the Company's consolidated statement of operations. For the fiscal year ended March 31, 2024, the unrealized losses related to foreign currency translation on the equity investment in Napatech were immaterial.