INVESTMENTS

12 Months Ended

Mar. 31, 2012

INVESTMENTS [Abstract]

INVESTMENTS

NOTE 2.  INVESTMENTS

Our investments are classified as either available-for-sale or held-to-maturity.  The following table summarizes available-for-sale and held-to-maturity investments as of March 31, 2012 and 2011 (in thousands):

	Available-for-Sale Investments
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
March 31, 2012	Cost		Gain		(Loss)		Value
Certificates of deposits	$	1,245	$	2	$	-	$	1,247
Corporate bonds		6,047		38		-		6,085
Municipal bonds		961		1		-		962
Total available-for-sale investments	$	8,253	$	41	$	-	$	8,294

	Held-to-Maturity Investments
			Gross		Gross
	Amortized		Unrecognized		Unrecognized			Fair
March 31, 2012	Cost		Gain		(Loss)			Value
Certificates of deposits	$	844	$	-	$	-		$	844
Corporate bonds		23,072		131		(31	)		23,172
Municipal bonds		12,921		71		(1	)		12,991
Total held-to-maturity investments	$	36,837	$	202	$	(32	)	$	37,007

	Held-to-Maturity Investments
			Gross		Gross
	Amortized		Unrecognized		Unrecognized			Fair
March 31, 2011	Cost		Gain		(Loss)			Value
Certificates of deposits	$	12,084	$	2	$	-		$	12,086
Commercial paper		1,997		-		-			1,997
Corporate bonds		23,534		74		(110	)		23,498
Municipal bonds		11,603		31		(5	)		11,629
U.S. agency securities		13,000		7		(73	)		12,934
Total held-to-maturity investments	$	62,218	$	114	$	(188	)	$	62,144

The amortized cost of our held-to-maturity investments approximates their fair value.  As of March 31, 2012 and 2011, we did not have other-than-temporary impairment in the fair value of any individual security classified as held-to-maturity or available-for-sale.  As of March 31, 2012 and 2011, we had unrealized gain on available-for-sale investments, net of related income taxes of $25,000 and $0, respectively.  As of March 31, 2011, we did not have any investments classified as available-for-sale.  Redemptions of investments in accordance with the callable provisions during fiscal 2012 and 2011 were $16.3 million and $36.1 million, respectively.

The following table summarizes the amortized cost and fair value of our investments, classified by stated maturity as of March 31, 2012 and 2011 (in thousands):

	March 31, 2012				March 31, 2012
	Available-for-Sale Investments				Held-to-Maturity Investments
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in less than one year	$	670	$	670	$	21,019	$	21,062
Due in 1 to 4 years		7,583		7,624		15,818		15,945
Total investments	$	8,253	$	8,294	$	36,837	$	37,007

	March 31, 2011
	Held-to-Maturity Investments
	Amortized Cost		Fair Value
Due in less than one year	$	25,981	$	25,988
Due in 1 to 4 years		36,237		36,156
Total investments	$	62,218	$	62,144