Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2014

Fair value of assets and liabilities on a recurring basis

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at December 31, 2014 and March 31, 2014:



	Balance at		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
	December 31, 2014				Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
ASSETS
Cash and cash equivalents (1)	$	113,640	$	113,640	$	—	$	—
Restricted cash and cash equivalents	2,330		2,330		—		—
Marketable securities (2)	11,182		11,182		—		—
	$	127,152	$	127,152	$	—	$	—
LIABILITIES
Contingent consideration related to acquisitions	$	15,760	$	—	$	—	$	15,760
	$	15,760	$	—	$	—	$	15,760



	Balance at		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
	March 31, 2014				Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
ASSETS
Cash and cash equivalents (1)	$	103,145	$	103,145	$	—	$	—
Restricted cash and cash equivalents	4,351		4,351		—		—
Marketable securities (2)	10,656		10,656		—		—
	$	118,152	$	118,152	$	—	$	—
LIABILITIES
Contingent consideration related to acquisitions	$	14,913	$	—	$	—	$	14,913
	$	14,913	$	—	$	—	$	14,913

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(1) Cash equivalents consists of money market funds.

(2) Marketable securities consist of fixed-income securities, including certificates of deposit, corporate bonds and notes, and municipal securities.

Company's assets and liabilities measured at fair value using significant unobservable inputs (Level 3)

The following table presents activity in the Company’s financial assets and liabilities measured at fair value using significant unobservable inputs (Level 3), as of and for the nine months ended December 31, 2014:



	Total Liabilities
Balance as of April 1, 2014	$	14,913
Earnout payments	(686		)
Fair value adjustments	1,533
Balance as of December 31, 2014	$	15,760

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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