FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 31, 2022

Schedule of Financial Assets and Liabilities

The following tables present the Company's financial assets and liabilities measured on a recurring basis using the fair value hierarchy at December 31, 2022 and March 31, 2022 (in thousands):


	Fair Value Measurements at
	December 31, 2022
	Level 1		Level 2		Level 3		Total
ASSETS:
Cash and cash equivalents	$	306,572	$	45,472	$	—	$	352,044
U.S. government and municipal obligations	23,499		2,617		—		26,116
Commercial paper	—		33,487		—		33,487
Corporate bonds	1,129		—		—		1,129
Certificate of deposits	—		3,436		—		3,436
Derivative financial instruments	—		40		—		40


	$	331,200	$	85,052	$	—	$	416,252
LIABILITIES:


Derivative financial instruments	$	—	$	(188)	$	—	$	(188)
	$	—	$	(188)	$	—	$	(188)


	Fair Value Measurements at
	March 31, 2022
	Level 1		Level 2		Level 3		Total
ASSETS:
Cash and cash equivalents	$	617,734	$	18,427	$	—	$	636,161
U.S. government and municipal obligations	40,863		—		—		40,863
Commercial paper	—		23,353		—		23,353
Corporate bonds	821		—		—		821
Certificate of deposits	—		2,000		—		2,000
Derivative financial instruments	—		20		—		20

	$	659,418	$	43,800	$	—	$	703,218
LIABILITIES:


Derivative financial instruments	$	—	$	(78)	$	—	$	(78)
	$	—	$	(78)	$	—	$	(78)