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Fair Value Measurements (Tables)
6 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Information about Financial Assets Measured at Fair Value on Recurring Basis
The following tables present information about the Company’s financial assets measured at fair value on a recurring basis as of September 30, 2016 and March 31, 2016 based on the three-tier fair value hierarchy (in thousands):
 
Fair Value Measurements as of September 30, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
Description:
 
Money market funds
$
36,179

 
$

 
$

 
$
36,179

Certificates of deposit

 
11,208

 

 
11,208

Commercial paper

 
34,274

 

 
$
34,274

Corporate notes and bonds

 
5,104

 

 
5,104

U.S. treasury securities
2,300

 

 

 
$
2,300

U.S. government agencies

 
73,039

 

 
73,039

Restricted cash - money market funds
8,115

 

 

 
$
8,115

Total
$
46,594

 
$
123,625

 
$

 
$
170,219

Included in cash and cash equivalents
 
 
 
 
 
 
$
58,725

Included in short-term investments
 
 
 
 
 
 
$
103,379

Included in restricted cash
 
 
 
 
 
 
$
8,115

 
 
 
 
 
 
 
 
 
Fair Value Measurements as of March 31, 2016
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Description:
 
Money market funds
$
36,118

 
$

 
$

 
$
36,118

Corporate notes and bonds

 
15,933

 

 
15,933

U.S. treasury securities
2,297

 

 

 
2,297

U.S. government agencies

 
107,184

 

 
107,184

Restricted cash - money market funds
8,115

 

 

 
8,115

Total
$
46,530

 
$
123,117

 
$

 
$
169,647

Included in cash and cash equivalents
 
 
 
 
 
 
$
36,118

Included in short-term investments
 
 
 
 
 
 
$
125,414

Included in restricted cash
 
 
 
 
 
 
$
8,115

Classification of Available-for-Sale Short-Term Investments by Contractual Maturities
The following table classifies the Company’s available-for-sale short-term investments by contractual maturities as of September 30, 2016 and March 31, 2016 (in thousands):
 
 
September 30, 2016
 
March 31, 2016
Due within one year
$
94,883

 
$
103,822

Due within one to two years
8,496

 
21,592

Total
$
103,379

 
$
125,414