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Fair Value Measurements (Tables)
 9 Months Ended
Dec. 31, 2020
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, 2020 and March 31, 2020:

 

 

 

Balance At

 

 

Quoted Prices

in Active

Markets for

Identical Assets

 

 

Significant Other

Observable Inputs

 

 

Unobservable

Inputs

 

 

 

December 31, 2020

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (1)

 

$

89,523

 

 

$

89,523

 

 

$

—

 

 

$

—

 

Restricted cash and cash equivalents

 

 

4,208

 

 

 

4,208

 

 

 

—

 

 

 

—

 

 

 

$

93,731

 

 

$

93,731

 

 

$

—

 

 

$

—

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration related to acquisitions

 

$

1,975

 

 

$

—

 

 

$

—

 

 

$

1,975

 

 

 

$

1,975

 

 

$

—

 

 

$

—

 

 

$

1,975

 

 

 

 

Balance At

 

 

Quoted Prices

in Active

Markets for

Identical Assets

 

 

Significant Other

Observable Inputs

 

 

Unobservable

Inputs

 

 

 

March 31, 2020

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (1)

 

$

138,012

 

 

$

138,012

 

 

$

—

 

 

$

—

 

Restricted cash and cash equivalents

 

 

2,307

 

 

 

2,307

 

 

 

—

 

 

 

—

 

 

 

$

140,319

 

 

$

140,319

 

 

$

—

 

 

$

—

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration related to acquisitions

 

$

1,900

 

 

$

—

 

 

$

—

 

 

$

1,900

 

 

 

$

1,900

 

 

$

—

 

 

$

—

 

 

$

1,900

 

 

 

(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, 2020:

 

 

Total Liabilities

 

Balance as of September 30, 2020

 

$

1,950

 

Fair value adjustments

 

 

25

 

Balance as of December 31, 2020

 

$

1,975

 

 

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 nine months ended December 31, 2020:

 

 

 

Total Liabilities

 

Balance at March 31, 2020

 

$

1,900

 

Fair value adjustments

 

 

75

 

Balance as of December 31, 2020

 

$

1,975