FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Mar. 31, 2024

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, 2024 and 2023 (in thousands):


	Fair Value Measurements at
	March 31, 2024
	Level 1		Level 2		Level 3		Total
ASSETS:
Cash and cash equivalents	$	381,829	$	7,845	$	—	$	389,674
U.S. government and municipal obligations	8,985		2,506		—		11,491
Commercial paper	—		8,648		—		8,648

Certificates of deposit	—		2,807		—		2,807
Equity investment in Napatech	11,507		—		—		11,507
Derivative financial instruments	—		11		—		11

	$	402,321	$	21,817	$	—	$	424,138
LIABILITIES:


Derivative financial instruments	$	—	$	(74)	$	—	$	(74)
	$	—	$	(74)	$	—	$	(74)


	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
Certificates of deposit	—		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 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 years ended March 31, 2024 and 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)
Change in fair value of derivative instrument	206
Settlement of derivative instrument	1,174
Balance at March 31, 2024	$	—