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Fair Value Measurements (Tables)
9 Months Ended
Dec. 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 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, 2018
 
(Level 1)
 
(Level 2)
 
(Level 3)
Assets:
 
 
 
 
 
 
 
Corporate-owned life insurance — non-current
$
868

 

 

 
$
868


 
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

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)
2018
 
2017
Corporate-owned life insurance:
 
 
 
Balance on April 1
$
853

 
$
809

Unrealized (loss) relating to instruments held at reporting date
(12
)
 
(11
)
Purchases, sales, issuances and settlements, net
27

 
27

Balance on December 31
$
868

 
$
825