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Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2018
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, 2018
 
(Level 1)
 
(Level 2)
 
(Level 3)
Assets:
 
 
 
 
 
 
 
Corporate-owned life insurance — non-current
$
853

 

 

 
$
853


 
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


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, 2018 and 2017:
 
Level 3 assets and
liabilities
(In thousands)
2018
 
2017
Corporate-owned life insurance:
 
 
 
Balance on April 1
$
809

 
$
3,122

Realized gains
17

 
18

Unrealized (loss) gain relating to instruments held at reporting date
27

 
(123
)
Purchases, sales, issuances and settlements, net

 
(2,208
)
Balance on March 31
$
853

 
$
809

Summary of changes in the fair value of the Level 3 assets and liabilities