Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):

	March 31, 2022
	Level 1		Level 2		Level 3		Total
Liabilities:
Derivatives
Foreign currency forward contracts	$	—	$	128	$	—	$	128
Total liabilities at fair value	$	—	$	128	$	—	$	128

The carrying value of our escrow account for $3.9 million contingent consideration to be paid to the former owners of VAY AG upon achievement of continued employment over an 18 month period ending on March 17, 2023 approximates its fair value and falls under Level 3 of the fair value hierarchy.

	March 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Cash Equivalents
Money market funds	$	9,679	$	—	$	—	$	9,679
Total cash equivalents	9,679		—		—		9,679
Available-for-Sale Securities
Commercial paper	—		9,994		—		9,994
Corporate bonds	—		8,227		—		8,227
U.S. government bonds	—		55,227		—		55,227
Total assets at fair value	$	9,679	$	73,448	$	—	$	83,127
Liabilities:
Derivatives
Foreign currency forward contracts	$	—	$	672	$	—	$	672
Total liabilities at fair value	$	—	$	672	$	—	$	672

	December 31, 2020
	Level 1		Level 2		Level 3		Total
Assets:
Cash Equivalents
Money market funds	$	14,902	$	—	$	—	$	14,902
Total cash equivalents	14,902		—		—		14,902
Available-for-Sale Securities
Commercial paper	—		5,993		—		5,993
Corporate bonds	—		2,067		—		2,067
U.S. government bonds	—		28,139		—		28,139
Total available-for-sale securities	—		36,199		—		36,199
Derivatives
Foreign currency forward contracts	—		228		—		228
Total assets at fair value	$	14,902	$	36,427	$	—	$	51,329
Liabilities:
Derivatives
Foreign currency forward contracts	$	—	$	15	$	—	$	15
Total liabilities at fair value	$	—	$	15	$	—	$	15