Other Assets

3 Months Ended

Jun. 30, 2022

Other Assets [Abstract]

Other Assets

Note 10. Other Assets

The components of other assets are as follows:

	June 30, 2022		March 31, 2022
	(in thousands)
Investment in Shockwave Medical	$	56,730	$	61,535
Other investments (Note 6)		79,636		70,314
Operating lease right of use assets		8,365		9,518
Other intangible assets and other assets		10,073		6,118
Total other assets	$	154,804	$	147,485

Investment in Shockwave Medical

The fair value of the Company’s investment in Shockwave Medical, a publicly-traded medical device company, was $56.7 million and $61.5 million as of June 30, 2022 and March 31, 2022, respectively. During the three months ended June 30, 2022 and 2021, the Company recorded a loss of $4.8 million and a gain of $17.6 million, respectively in interest and other income, net.

Operating Lease Right of Use Assets

The Company has lease agreements for real estate including corporate offices and warehouse space, vehicles and certain equipment. The balance of operating lease right-of-use assets included in other assets was $8.4 million and $9.5 million as of June 30, 2022 and March 31, 2022, respectively

Other Long-Term Assets

The Company’s other long-term assets is comprised primarily of license manufacturing rights to certain technology from third parties and prepayments related to the Company’s clinical trial activities.