Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2019

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:

(In thousands)	Recorded value as of December 31, 2019		Active markets for identical asset or liabilities (Level 1)		Quoted prices in similar instruments and observable inputs (Level 2)		Active markets for unobservable inputs (Level 3)
Assets:
Corporate-owned life insurance — non-current	$	910		-		-	$	910

(In thousands)	Recorded value as of March 31, 2019		Active markets for identical asset or liabilities (Level 1)		Quoted prices in similar instruments and observable inputs (Level 2)		Active markets for unobservable inputs (Level 3)
Assets:
Corporate-owned life insurance — non-current	$	895		-		-	$	895

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)	2019			2018
Corporate-owned life insurance:
Balance on April 1	$	895		$	853
Unrealized loss relating to instruments held at reporting date		(11	)		(12	)
Purchases, sales, issuances and settlements, net		26			27
Balance on December 31	$	910		$	868