Fair Value of Financial Instruments (Tables)

12 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value of Contingent Consideration

Selected information relating to the aforementioned contingent consideration follows (in thousands):

	Contingent Earn-out Consideration
Estimated fair value as of June 1, 2018	$	1,600
Accretion	64
Remeasurement adjustment	(298		)
Contingent Earn-out Consideration as of March 31, 2019	$	1,366

Financial assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis in its consolidated balance sheets as of March 31, 2019 and 2018.

	March 31, 2019		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
Assets:
Cash surrender value of life insurance policies	$	2,765	$	—	$	2,765	$	—
Total assets	$	2,765	$	—	$	2,765	$	—
Liabilities:
Contingent earn-out consideration	$	1,366	$	—	$	—	$	1,366
Interest rate swap agreement	580		—		580		—
Deferred compensation plans	1,156		1,156		—		—
Total liabilities	$	3,102	$	1,156	$	580	$	1,366

	March 31, 2018		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(in thousands)
Assets:
Marketable securities	$	359	$	359	$	—	$	—
Cash surrender value of life insurance policies	2,007		—		2,007		—
Total assets	$	2,366	$	359	$	2,007	$	—
Liabilities:
Interest rate swap agreement	$	110	$	—	$	110	$	—
Deferred compensation plans	776		776		—		—
Total liabilities	$	886	$	776	$	110	$	—