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Fair Value Measurements (Tables)
9 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on a recurring basis
The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value:
 
Fair value measurement used
 
Recorded
value
as of
 
Active
markets
for
identical
assets or
liabilities
 
Quoted
prices in
similar
instruments
and
observable
inputs
 
Active
markets for
unobservable
inputs
(In thousands)
December 31, 2015
 
(Level 1)
 
(Level 2)
 
(Level 3)
Assets:
 
 
 
 
 
 
 
Corporate-owned life insurance — non-current
$
2,564

 


 


 
$
2,564

Liabilities:
 
 
 
 
 
 
 
Contingent consideration — current
$
43

 


 


 
$
43

Contingent consideration — non-current
61

 

 

 
61


 
Fair value measurement used
 
Recorded
value
as of
 
Active
markets
for
identical
assets or
liabilities
 
Quoted
prices in
similar
instruments
and
observable
inputs
 
Active
markets for
unobservable
inputs
(In thousands)
March 31, 2015
 
(Level 1)
 
(Level 2)
 
(Level 3)
Assets:
 
 
 
 
 
 
 
Corporate-owned life insurance — non-current
2,493

 

 

 
2,493

Liabilities:
 
 
 
 
 
 
 
Contingent consideration — current
8

 

 

 
8

Contingent consideration — non-current
104

 

 

 
104


Summary of changes in the fair value of the Level 3 assets and liabilities Corporate-owned life insurance
The following table presents a summary of changes in the fair value of the Level 3 assets:
 
Nine months ended
 
December 31,
(In thousands)
2015
 
2014
Corporate-owned life insurance:
 
 
 
Balance on April 1
$
2,493

 
$
4,360

Unrealized (loss) gain relating to instruments held at reporting date
6

 
25

Purchases, sales, issuances and settlements, net
65

 
45

Proceeds from corporate-owned life insurance policy

 
(1,989
)
Balance on December 31
$
2,564

 
$
2,441

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following tables present a summary of changes in the fair value of the Level 3 liabilities:

 
Nine months ended
 
December 31,
(In thousands)
2015
 
2014
Contingent consideration
 
 
 
Balance on April 1
$
112

 
$
1,739

Activity, payments and other charges (net)
(8
)
 
(6
)
Balance on December 31
$
104

 
$
1,733