CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES

3 Months Ended

Jun. 30, 2014

Investments, Debt and Equity Securities [Abstract]

CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents and those investments with original maturities greater than three months to be marketable securities. Cash and cash equivalents consisted of money market instruments and cash maintained with various financial institutions at June 30, 2014 and March 31, 2014.

Marketable Securities

The following is a summary of marketable securities held by NetScout at June 30, 2014 classified as short-term and long-term (in thousands):



	Amortized Cost		Unrealized Gains (Losses)			Fair Value
Type of security:
U.S. government and municipal obligations	$	61,764	$	37		$	61,801
Commercial paper	23,881		1			23,882
Corporate bonds	3,205		2			3,207
Total short-term marketable securities	88,850		40			88,890
U.S. government and municipal obligations	53,663		30			53,693
Corporate bonds	2,888		(1		)	2,887
Total long-term marketable securities	56,551		29			56,580
Total marketable securities	$	145,401	$	69		$	145,470

The following is a summary of marketable securities held by NetScout at March 31, 2014, classified as short-term and long-term (in thousands):



	Amortized Cost		Unrealized Gains (Losses)			Fair Value
Type of security:
U.S. government and municipal obligations	$	53,854	$	26		$	53,880
Commercial paper	14,581		0			14,581
Corporate bonds	6,772		1			6,773
Total short-term marketable securities	75,207		27			75,234
U.S. government and municipal obligations	37,875		2			37,877
Corporate bonds	3,611		(4		)	3,607
Total long-term marketable securities	41,486		(2		)	41,484
Total marketable securities	$	116,693	$	25		$	116,718

Contractual maturities of the Company’s marketable securities held at June 30, 2014 and March 31, 2014 were as follows (in thousands):



	June 30, 2014		March 31, 2014
Available-for-sale securities:
Due in 1 year or less	$	88,890	$	75,234
Due after 1 year through 5 years	56,580		41,484
	$	145,470	$	116,718

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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