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Fair Value Measurements (Tables)
9 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present the Company's hierarchy for its assets measured at fair value on a recurring basis as of December 31, 2023 and March 31, 2023. The Company had no liabilities measured at fair value on a recurring basis as of both December 31, 2023 and March 31, 2023.

 

 

 

Fair Value as of
 December 31, 2023

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

532,112

 

 

$

532,112

 

 

$

 

 

$

 

Short-term investments

 

 

30,000

 

 

 

30,000

 

 

 

 

 

 

 

Interest rate cap contracts

 

 

48,898

 

 

 

 

 

 

48,898

 

 

 

 

Total assets measured at fair value on a recurring
   basis

 

$

611,010

 

 

$

562,112

 

 

$

48,898

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value as of
March 31, 2023

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

757,600

 

 

$

757,600

 

 

$

 

 

$

 

Total assets measured at fair value on a recurring
   basis

 

$

757,600

 

 

$

757,600

 

 

$

 

 

$