Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2024

Schedule of Financial Assets and Liabilities Recorded at Fair Value on a Recurring Basis

The following tables present the Company’s financial assets and liabilities that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy:


	As of March 31, 2024
	Amortized Cost		Gross Unrealized Loss		Gross Unrealized Gain		Estimated Fair Value
	(In thousands)
Assets:
Level 1:
Securities held in deferred compensation plan (1)	$	1,539	$	(542)	$	650	$	1,647
Total	$	1,539	$	(542)	$	650	$	1,647

Liabilities:
Level 1:
Deferred compensation plan liabilities (2)	$	1,415	$	(485)	$	633	$	1,563
Total	$	1,415	$	(485)	$	633	$	1,563


	As of March 31, 2023
	Amortized Cost		Gross Unrealized Loss		Gross Unrealized Gain		Estimated Fair Value
	(In thousands)
Assets:
Level 1:
Securities held in deferred compensation plan (1)	$	1,426	$	(437)	$	321	$	1,310
Total	$	1,426	$	(437)	$	321	$	1,310

Liabilities:
Level 1:
Deferred compensation plan liabilities (2)	$	1,201	$	(296)	$	563	$	1,468
Level 3:
Contingent consideration (3)	600		—		—		600
Transfers out (3)	(600)		—		—		(600)
Subtotal	—		—		—		—
Total	$	1,201	$	(296)	$	563	$	1,468

(1) Included in prepaid expenses and other current assets on the Company’s balance sheets.

(2) Included in accrued payroll and related expenses on the Company’s balance sheets.

(3) As of March 31, 2023, the inputs related to determination of the balance of the earnout were resolved and the final balance due was all short-term and included in accrued liabilities on the Company's balance sheet. As of March 31, 2024, the balance had been paid in full.