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Fair Value Measurements (Tables)
9 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities on a Recurring Basis

The following tables set forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis at December 31, 2022 and March 31, 2022:

 

 

 

Balance At

 

 

Quoted Prices
in Active
Markets for
Identical Assets

 

 

Significant Other
Observable Inputs

 

 

Unobservable
Inputs

 

 

 

December 31, 2022

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (1)

 

$

241,550

 

 

$

241,550

 

 

$

 

 

$

 

Restricted cash and cash equivalents

 

 

7,920

 

 

 

7,920

 

 

 

 

 

 

 

 

 

$

249,470

 

 

$

249,470

 

 

$

 

 

$

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration related to acquisitions

 

$

3,600

 

 

$

 

 

$

 

 

$

3,600

 

 

 

$

3,600

 

 

$

 

 

$

 

 

$

3,600

 

 

 

 

Balance At

 

 

Quoted Prices
in Active
Markets for
Identical Assets

 

 

Significant Other
Observable Inputs

 

 

Unobservable
Inputs

 

 

 

March 31, 2022

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (1)

 

$

59,829

 

 

$

59,829

 

 

$

 

 

$

 

Restricted cash and cash equivalents

 

 

6,918

 

 

 

6,918

 

 

 

 

 

 

 

 

 

$

66,747

 

 

$

66,747

 

 

$

 

 

$

 

 

 

(1) Cash equivalents consist primarily of money market funds.

Financial Assets and Liabilities Measured At Fair Value Using Significant Unobservable Inputs (Level 3) The following table presents activity in our financial assets and liabilities measured at fair value using significant unobservable inputs (Level 3), as of and for the three months ended December, 31, 2022:

 

 

 

Total Liabilities

 

Balance as of September 30, 2022

 

$

 

Acquisition

 

 

(3,700

)

Fair value adjustments

 

 

100

 

Balance as of December 31, 2022

 

$

(3,600

)