CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES

3 Months Ended

Jun. 30, 2016

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, 2016 and March 31, 2016.

Marketable Securities

The following is a summary of marketable securities held by NetScout at June 30, 2016, classified as short-term and long-term (in thousands):



	Amortized Cost		Unrealized Gains		Fair Value
Type of security:
U.S. government and municipal obligations	$	82,005	$	24	$	82,029
Commercial paper	26,714		—		26,714
Total short-term marketable securities	108,719		24		108,743
U.S. government and municipal obligations	15,276		33		15,309
Total long-term marketable securities	15,276		33		15,309
Total marketable securities	$	123,995	$	57	$	124,052

The following is a summary of marketable securities held by NetScout at March 31, 2016, classified as short-term and long-term (in thousands):



	Amortized Cost		Unrealized Gains		Fair Value
Type of security:
U.S. government and municipal obligations	$	109,963	$	4	$	109,967
Commercial paper	16,172		—		16,172
Corporate bonds	1,864		—		1,864
Total short-term marketable securities	127,999		4		128,003
U.S. government and municipal obligations	13,349		12		13,361
Total long-term marketable securities	13,349		12		13,361
Total marketable securities	$	141,348	$	16	$	141,364

Contractual maturities of the Company’s marketable securities held at June 30, 2016 and March 31, 2016 were as follows (in thousands):



	June 30, 2016		March 31, 2016
Available-for-sale securities:
Due in 1 year or less	$	108,743	$	128,003
Due after 1 year through 5 years	15,309		13,361
	$	124,052	$	141,364

- 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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