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Fair Value Measurements (Tables)
6 Months Ended
Sep. 30, 2023
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 September 30, 2023 and March 31, 2023:

 

 

 

Balance At

 

 

Quoted Prices
in Active
Markets for
Identical Assets

 

 

Significant Other
Observable Inputs

 

 

Unobservable
Inputs

 

 

 

September 30, 2023

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

Cash and money market funds

 

$

52,077

 

 

$

52,077

 

 

$

 

 

$

 

Commercial paper

 

 

1,790

 

 

 

 

 

 

1,790

 

 

 

 

Total cash and cash equivalents

 

 

53,867

 

 

 

52,077

 

 

 

1,790

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted cash and cash equivalents

 

 

4,914

 

 

 

4,914

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States treasury securities

 

 

70,937

 

 

 

 

 

 

70,937

 

 

 

 

Agency securities

 

 

32,732

 

 

 

 

 

 

32,732

 

 

 

 

Corporate notes and bonds

 

 

25,984

 

 

 

 

 

 

25,984

 

 

 

 

Commercial paper

 

 

16,779

 

 

 

 

 

 

16,779

 

 

 

 

Total marketable securities

 

 

146,432

 

 

 

 

 

 

146,432

 

 

 

 

TOTAL ASSETS

 

$

205,213

 

 

$

56,991

 

 

$

148,222

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration related to acquisitions

 

$

4,200

 

 

$

 

 

$

 

 

$

4,200

 

Convertible senior notes, net, noncurrent

 

 

267,565

 

 

 

 

 

 

267,565

 

 

 

 

TOTAL LIABILITIES

 

$

271,765

 

 

$

 

 

$

267,565

 

 

$

4,200

 

 

 

 

Balance At

 

 

Quoted Prices
in Active
Markets for
Identical Assets

 

 

Significant Other
Observable Inputs

 

 

Unobservable
Inputs

 

 

 

March 31, 2023

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

Cash and money market funds

 

$

73,754

 

 

$

73,754

 

 

$

 

 

$

 

Commercial paper

 

 

10,795

 

 

 

 

 

 

10,795

 

 

 

 

United States treasury securities

 

 

9,979

 

 

 

 

 

 

9,979

 

 

 

 

Corporate notes and bonds

 

 

3,349

 

 

 

 

 

 

3,349

 

 

 

 

Agency securities

 

 

842

 

 

 

 

 

 

842

 

 

 

 

Total cash and cash equivalents

 

 

98,719

 

 

 

73,754

 

 

 

24,965

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted cash and cash equivalents

 

 

7,269

 

 

 

7,269

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States treasury securities

 

 

56,890

 

 

 

 

 

 

56,890

 

 

 

 

Agency securities

 

 

37,991

 

 

 

 

 

 

37,991

 

 

 

 

Corporate notes and bonds

 

 

26,590

 

 

 

 

 

 

26,590

 

 

 

 

Commercial paper

 

 

18,141

 

 

 

 

 

 

18,141

 

 

 

 

Total marketable securities

 

 

139,612

 

 

 

 

 

 

139,612

 

 

 

 

TOTAL ASSETS

 

$

245,600

 

 

$

81,023

 

 

$

164,577

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration related to acquisitions

 

$

3,800

 

 

$

 

 

$

 

 

$

3,800

 

Convertible senior notes, net, noncurrent

 

 

266,843

 

 

 

 

 

 

266,843

 

 

 

 

TOTAL LIABILITIES

 

$

270,643

 

 

$

 

 

$

266,843

 

 

$

3,800

 

 

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 September 30, 2023:

 

 

 

Total Liabilities

 

Balance as of March 31, 2023

 

$

3,800

 

Fair value adjustments

 

 

400

 

Balance as of September 30, 2023

 

$

4,200