v3.26.1
Fair value of financial instruments
 12 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair value of financial instruments Fair value of financial instruments
The fair value of financial instruments are categorized based upon the level of judgment associated with the inputs used to measure their fair values. Fair value is measured using inputs from the three levels of the fair value hierarchy, which are described as follows:
Level 1—Quoted prices in active markets for identical assets or liabilities
Level 2—Quoted prices for similar assets and liabilities in active markets or inputs that are observable
Level 3—Inputs that are unobservable (for example, cash flow modeling inputs based on management’s assumptions)
The assets’ or liabilities’ fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The following table sets forth the fair value of the Company’s financial liabilities by level within the fair value hierarchy as of March 31, 2026 (in thousands):
  Fair value measurements using
 Fair valueLevel 1Level 2Level 3
Financial liabilities:    
Long-term debt, including current portion (1)
$841,676 $— $841,676 $— 
Contingent consideration, including current portion (2)
64,749 — — 64,749 
Total financial liabilities$906,425 $— $841,676 $64,749 
__________________________
(1) Of this amount, $30.0 million is classified as current. The gross carrying amounts of the Company’s bank debt, before reduction of the debt issuance costs, approximate their fair values as the stated rates approximate market rates for loans with similar terms.
(2) Of this amount $26.2 million is classified as current.
The following table sets forth the fair value of the Company’s financial liabilities by level within the fair value hierarchy as of March 31, 2025 (in thousands):
  Fair value measurements using
 Fair valueLevel 1Level 2Level 3
Financial liabilities:   
Long-term debt (1)
$256,676 $— $256,676 $— 
Total financial liabilities$256,676 $— $256,676 $— 
__________________________
(1) The gross carrying amounts of the Company’s bank debt, before reduction of the debt issuance costs, approximate their fair values as the stated rates approximate market rates for loans with similar terms.
The Company did not transfer any assets measured at fair value on a recurring basis to or from Level 1 or Level 2 for any of the periods presented.