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Fair Value Measurements (Tables)
 12 Months Ended
Mar. 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 March 31, 2022 and March 31, 2021:

 

 

 

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

 

 

$

—

 

 

$

—

 

 

 

 

Balance At

 

 

Quoted Prices

in Active

Markets for

Identical Assets

 

 

Significant Other

Observable Inputs

 

 

Unobservable

Inputs

 

 

 

March 31, 2021

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (1)

 

$

73,295

 

 

$

73,295

 

 

$

—

 

 

$

—

 

Restricted cash and cash equivalents

 

 

5,280

 

 

 

5,280

 

 

 

—

 

 

 

—

 

 

 

$

78,575

 

 

$

78,575

 

 

$

—

 

 

$

—

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration related to acquisitions

 

$

533

 

 

$

—

 

 

$

533

 

 

$

—

 

 

 

$

533

 

 

$

—

 

 

$

533

 

 

$

—

 

 

(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 year ended March 31, 2021.

 

Balance at March 31, 2020

 

$

1,900

 

Fair value adjustments

 

 

(1,367

)

Transfer of Topaz contingent consideration to Level 2

 

 

(533

)

Balance at March 31, 2021

 

$

—

 
Financial Assets and Liabilities Measured At Fair Value Using Significant Observable Inputs (Level 2)

The following table presents activity in our financial assets and liabilities measured at fair value using significant other observable inputs (Level 2) as of and for the year ended March 31, 2022:

 

Balance at March 31, 2021

 

$

533

 

Fair value adjustments

 

 

7

 

Payment of Topaz contingent consideration

 

 

(540

)

Balance at March 31, 2022

 

$

—