| 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 March 31, 2026 and 2025 (in thousands):
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|
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|
Fair Value Measurements at |
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|
March 31, 2026 |
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|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
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Total |
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ASSETS: |
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|
|
|
|
|
|
|
|
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Cash and cash equivalents |
$ |
531,929 |
|
|
$ |
54,570 |
|
|
$ |
— |
|
|
$ |
586,499 |
|
U.S. government and municipal obligations |
|
16,082 |
|
|
|
— |
|
|
|
— |
|
|
|
16,082 |
|
Commercial paper |
|
— |
|
|
|
48,793 |
|
|
|
— |
|
|
|
48,793 |
|
Corporate bonds |
|
6,159 |
|
|
|
— |
|
|
|
— |
|
|
|
6,159 |
|
Certificates of deposit |
|
— |
|
|
|
6,048 |
|
|
|
— |
|
|
|
6,048 |
|
Agency Bonds |
|
41,564 |
|
|
|
— |
|
|
|
— |
|
|
|
41,564 |
|
Derivative financial instruments |
|
— |
|
|
|
22 |
|
|
|
— |
|
|
|
22 |
|
|
$ |
595,734 |
|
|
$ |
109,433 |
|
|
$ |
— |
|
|
$ |
705,167 |
|
LIABILITIES: |
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|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
$ |
— |
|
|
$ |
(258 |
) |
|
$ |
— |
|
|
$ |
(258 |
) |
|
$ |
— |
|
|
$ |
(258 |
) |
|
$ |
— |
|
|
$ |
(258 |
) |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements at |
|
|
March 31, 2025 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
434,121 |
|
|
$ |
23,294 |
|
|
$ |
— |
|
|
$ |
457,415 |
|
U.S. government and municipal obligations |
|
3,008 |
|
|
|
2,410 |
|
|
|
— |
|
|
|
5,418 |
|
Commercial paper |
|
— |
|
|
|
17,358 |
|
|
|
— |
|
|
|
17,358 |
|
Certificates of deposit |
|
— |
|
|
|
505 |
|
|
|
— |
|
|
|
505 |
|
Equity investment in Napatech |
|
11,781 |
|
|
|
— |
|
|
|
— |
|
|
|
11,781 |
|
Derivative financial instruments |
|
— |
|
|
|
197 |
|
|
|
— |
|
|
|
197 |
|
|
$ |
448,910 |
|
|
$ |
43,764 |
|
|
$ |
— |
|
|
$ |
492,674 |
|
LIABILITIES: |
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|
|
|
|
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|
|
|
|
|
Derivative financial instruments |
$ |
— |
|
|
$ |
(55 |
) |
|
$ |
— |
|
|
$ |
(55 |
) |
|
$ |
— |
|
|
$ |
(55 |
) |
|
$ |
— |
|
|
$ |
(55 |
) |
|