Quarterly report pursuant to Section 13 or 15(d)

Trading And Available-For-Sale Securities At Fair Value (Tables)

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Trading And Available-For-Sale Securities At Fair Value (Tables)
9 Months Ended
Dec. 31, 2019
Debt Securities, Trading, and Equity Securities, FV-NI [Abstract]  
Schedule of trading securities
   

 

December 31, 2019

    March 31, 2019  
             
Debt securities   $ 85,233     $ 62,691  
Equity securities     78,912       105,017  
Mutual investment funds     -       241  
Total trading securities   $ 164,145     $ 167,949  
                 
Certificates of deposit   $ 6,018     $ -  
Mutual investment funds     696       -  
Debt securities     455       -  
Preferred shares     312       -  
Equity securities     2       2  
Total available-for-sale securities, at fair value   $ 7,483     $ 2  
Assets and liabilities at fair value on a recurring basis
          Fair Value Measurements at  
          December 31, 2019 using  
          Quoted Prices in Active Markets for Identical Assets     Significant Other Observable Inputs     Significant Unobservable Inputs  
    December 31, 2019     (Level 1)     (Level 2)     (Level 3)  
                         
Debt securities   $ 85,233     $ 85,233     $ -     $ -  
Equity securities     78,912       68,446       -       10,466  
Total trading securities   $ 164,145     $ 153,679     $ -     $ 10,466  
                                 
Certificates of deposit   $ 6,018     $ -     $ 6,018     $ -  
Mutual investment funds     696       696       -       -  
Debt securities     455       -       455       -  
Preferred shares     312       -       312       -  
Equity securities     2       -       -       2  
Total available-for-sale securities, at fair value   $ 7,483     $ 696     $ 6,785     $ 2  

 

         

Fair Value Measurements at

March 31, 2019 using

 
          Quoted Prices in Active Markets for Identical Assets     Significant Other Observable Inputs     Significant Unobservable Inputs  
   

March 31,

2019

    (Level 1)     (Level 2)     (Level 3)  
                         
Equity securities   $ 105,017     $ 105,017     $ -     $ -  
Debt securities     62,691       62,187       -       504  
Mutual investment funds     241       241       -       -  
Total trading securities   $ 167,949     $ 167,445     $ -     $ 504  
                                 
Equity securities   $ 2     $ -     $ -     $ 2  
Total available-for-sale securities, at fair value   $ 2     $ -     $ -     $ 2  
Valuation Techniques and Significant Level 3 inputs used
Type Valuation Technique  

FV as of December 31,

2019

   

FV as of March 31,

2019

  Significant Unobservable Inputs   Input  
                       
Corporate bonds DCF   $  -     $ 504   Discount rate     11.3 %
Equity security DCF   10,466       -   Discount rate     9.8 %
                     Estimated number of years     9 years   
Reconciliation of beginning and ending balances for investments using level 3 inputs
    Trading securities     Available for sale securities  
Balance as of March 31, 2019   $ 504     $ 2  
                 
Sale of investments that use Level 3 inputs     (497 )     -  
Purchase of investments that use Level 3 inputs     10,430       -  
Foreign currency translation     29       -  
Balance as of December 31, 2019   $ 10,466     $ 2  

 

 

 

 

Available for sale securities

 

          December 31, 2019        
    Assets measured at amortized cost     Unrealized gain/(loss) accumulated in other comprehensive income/(loss)     Assets measured at fair value  
                   
Certificates of deposit   $ 6,005     $ 13     $ 6,018  
Mutual investment funds     691       5       696  
Debt securities     455       -       455  
Preferred shares     304       8       312  
Equity securities     2       -       2  
Available-for-sale securities, at fair value   $ 7,457     $ 26     $ 7,483  

 

         

March 31,

2019

       
    Assets measured at amortized cost     Unrealized gain accumulated in other comprehensive income/(loss)     Assets measured at fair value  
                   
Equity securities   $ 1     $ 1     $ 2  
                         
Available-for-sale securities, at fair value   $ 1     $ 1     $ 2