FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Sep. 30, 2013

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 as of September 30, 2013 and March 31, 2013 (in thousands).



	Fair Value Measurements at
	September 30, 2013
	Level 1		Level 2			Level 3			Total
ASSETS:
Cash and cash equivalents	$	94,917	$	0		$	0		$	94,917
U.S. government and municipal obligations	39,167		0			0			39,167
Commercial paper	0		5,597			0			5,597
Corporate bonds	17,109		0			0			17,109
Certificate of deposits	0		2,659			0			2,659
Derivative financial instruments	0		341			0			341
	$	151,193	$	8,597		$	0		$	159,790
LIABILITIES:
Contingent purchase consideration	$	0	$	0		$	(4,139	)	$	(4,139	)
Contingent contractual non-compliance liability	0		0			(148		)	(148		)
Derivative financial instruments	0		(221		)	0			(221		)
	$	0	$	(221	)	$	(4,287	)	$	(4,508	)



	Fair Value Measurements at
	March 31, 2013
	Level 1		Level 2			Level 3			Total
ASSETS:
Cash and cash equivalents	$	99,930	$	0		$	0		$	99,930
U.S. government and municipal obligations	31,645		0			0			31,645
Commercial paper	0		12,390			0			12,390
Corporate bonds	5,166		0			0			5,166
Certificate of deposits	0		4,960			0			4,960
Derivative financial instruments	0		71			0			71
	$	136,741	$	17,421		$	0		$	154,162
LIABILITIES:
Contingent purchase consideration	$	0	$	0		$	(5,087	)	$	(5,087	)
Contingent contractual non-compliance liability	0		0			(246		)	(246		)
Derivative financial instruments	0		(249		)	0			(249		)
	$	0	$	(249	)	$	(5,333	)	$	(5,582	)

Reconciliation Of Changes In Fair Value Of Level III Financial Assets

The following table sets forth a reconciliation of changes in the fair value of the Company’s Level 3 financial liabilities for the six months ended September 30, 2013 (in thousands):



	Contingent Purchase Consideration			Contingent Contractual Non-compliance Liability
Balance at beginning of period	$	(5,087	)	$	(246	)
Change in fair value (included within research and development expense)	107			98
Payments	841			0
Balance at end of period	$	(4,139	)	$	(148	)

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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