Fair Value Measurements (Tables)

6 Months Ended

Sep. 30, 2021

Schedule of financial assets that are recorded at fair value on a recurring basis

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


	As of September 30, 2021
	(In thousands)
	Amortized Cost		Gross Unrealized Loss		Gross Unrealized Gain		Estimated Fair Value
Assets:
Level 1:
Money market funds	$	11,068	$	—	$	—	$	11,068
Securities held in deferred compensation plan (1)	833		—		34		867
Subtotal	11,901		—		34		11,935
Level 2:
Commercial paper	4,295		—		—		4,295
Subtotal	4,295		—		—		4,295
Total	$	16,196	$	—	$	34	$	16,230

Liabilities:
Level 1:
Deferred compensation plan liabilities (2)	$	836	$	—	$	34	$	870
Subtotal	836		—		34		870
Level 3:
Contingent consideration (3)	600		—		—		600
Subtotal	600		—		—		600
Total	$	1,436	$	—	$	34	$	1,470


	As of March 31, 2021
	(In thousands)
	Amortized Cost		Gross Unrealized Loss		Gross Unrealized Gain		Estimated Fair Value
Assets:
Level 1:
Money market funds	$	4,676	$	—	$	—	$	4,676
Securities held in deferred compensation plan (1)	89				11		100
Subtotal	4,765		—		11		4,776

Level 2:
Commercial paper	4,999		—		—		4,999
Corporate notes and bonds	1,085		—		—		1,085
US Treasuries	4,600		—		—		4,600
Subtotal	10,684		—		—		10,684
Total	$	15,449	$	—	$	11	$	15,460

Liabilities:
Level 1:
Deferred compensation plan liabilities (2)	$	100	$	—	$	11	$	111
Subtotal	100		—		11		111
Level 3:
Contingent consideration (3)	600		—		—		600
Subtotal	600		—		—		600
Total	$	700	$	—	$	11	$	711

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

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

(3) Included short-term portion in accrued liabilities and long-term portion in other long-term liabilities on the Company’s consolidated balance sheet.