Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.22.4
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Classes of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis
The following table summarizes financial assets and financial liabilities that are measured and recorded in the consolidated financial statements at fair value on a recurring basis:
  Total Fair Value
Fair Value Measurement Using (a)
(In thousands) Level 1 Level 2 Level 3
December 2022
Financial assets:
Cash equivalents:
Money market funds $ 37,237  $ 37,237  $ —  $ — 
Time deposits 60,572  60,572  —  — 
Derivative financial instruments 84,918  —  84,918  — 
Deferred compensation 98,221  98,221  —  — 
Financial liabilities:
Derivative financial instruments 58,776  —  58,776  — 
Deferred compensation 98,905  —  98,905  — 
Total Fair Value
Fair Value Measurement Using (a)
(In thousands) Level 1 Level 2 Level 3
March 2022
Financial assets:
Cash equivalents:
Money market funds $ 324,868  $ 324,868  $ —  $ — 
Time deposits 1,100  1,100  —  — 
Derivative financial instruments 79,046  —  79,046  — 
Deferred compensation 125,323  125,323  —  — 
Financial liabilities:
Derivative financial instruments 27,723  —  27,723  — 
Deferred compensation 129,078  —  129,078  — 
Contingent consideration 56,976  —  —  56,976 
(a)There were no transfers among the levels within the fair value hierarchy during the nine months ended December 2022 or the year ended March 2022.
Schedule of Contingent Consideration Liability Designated as Level 3
The following table presents the activity related to the contingent consideration liability designated as Level 3:
Three Months Ended December Nine Months Ended December
(In thousands) 2022 2021 2022 2021
Beginning Balance $ —  $ 99,000  $ 56,976  $ 207,000 
Change in fair value —  (50,000) —  (158,000)
Cash payout —  —  (56,976) — 
Ending Balance $ —  $ 49,000  $ —  $ 49,000