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Fair Value Measurements (Tables)
 12 Months Ended
Mar. 31, 2017
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)
March 31, 2017
 
(Level 1)
 
(Level 2)
 
(Level 3)
Assets:
 
 
 
 
 
 
 
Corporate-owned life insurance — non-current
$
809

 
—

 
—

 
$
809


 
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, 2016
 
(Level 1)
 
(Level 2)
 
(Level 3)
Assets:
 
 
 
 
 
 
 
     Corporate-owned life insurance — current
$
2,357

 
$
—

 
$
—

 
$
2,357

Corporate-owned life insurance — non-current
$
765

 
—

 
—

 
$
765

Liabilities:
 
 
 
 
 
 
 
Contingent consideration - current
$
197

 
$
—

 
$
—

 
$
197
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 corporate-owned life insurance Level 3 asset for the fiscal years ended March 31, 2017 and 2016:
 
Level 3 assets and
liabilities
(In thousands)
2017
 
2016
Corporate-owned life insurance:
 
 
 
Balance on April 1
$
3,122

 
$
2,493

Realized gains
18

 
564

Unrealized (loss) gain relating to instruments held at reporting date
(123
)
 
65

Purchases, sales, issuances and settlements, net
(2,208
)
 
—

Balance on March 31
$
809

 
$
3,122
Summary of changes in the fair value of the Level 3 assets and liabilities
The following table presents a summary of changes in the fair value of the contingent consideration Level 3 liability for fiscal years ended March 31, 2017 and 2016:


Level 3 assets and
liabilities

(In thousands)
2017
 
2016
Contingent consideration:
 
 
 
Balance on April 1
$
197

 
$
112

Activity, payments and other charges (net)
(197
)
 
(8
)
Fair value adjustment
—

 
93

Balance on March 31
$
—

 
$
197