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Fair Value Measurements (Tables)
9 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Business Acquisitions by Acquisition, 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$1,600  
Accretion64  
Remeasurement adjustment(298) 
Contingent Earn-out Consideration as of March 31, 20191,366  
Accretion16  
Contingent Earn-out Consideration as of June 30, 20191,382  
Accretion10  
Remeasurement adjustment(1,392) 
Contingent Earn-out Consideration as of September 30 and December 31, 2019$—  
Financial Assets and Liabilities Measured at Fair Value on 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 December 31, 2019 and March 31, 2019 (in thousands):
 December 31, 2019Quoted Prices In
Active Markets
for Identical
Assets (Level 1)
Significant Other
Observable
Inputs (Level 2)
Significant
Unobservable
Inputs (Level 3)
Assets:
Cash surrender value of life insurance policies$3,117  $—  $3,117  $—  
Total assets$3,117  $—  $3,117  $—  
Liabilities:
Deferred compensation plan$1,315  $1,315  $—  $—  
Total liabilities$1,315  $1,315  $—  $—  

 March 31, 2019Quoted Prices In
Active Markets
for Identical
Assets (Level 1)
Significant Other
Observable
Inputs (Level 2)
Significant
Unobservable
Inputs (Level 3)
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 agreement580  —  580  —  
Deferred compensation plan1,156  1,156  —  —  
Total liabilities$3,102  $1,156  $580  $1,366