FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 31, 2012

FAIR VALUE MEASUREMENTS [Abstract]

Fair Value, Assets Measured on Recurring Basis

The following table summarizes financial assets, measured at fair value on a recurring basis, by level within the fair value hierarchy as of December 31, 2012 and March 31, 2012 (in thousands):

	As of December 31, 2012
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	8,342	$	-	$	-	$	8,342
Available-for-sale investments:
Certificates of deposits		-		1,002		-		1,002
Corporate bonds		-		6,104		-		6,104
Municipal bonds		-		532		-		532
Total assets at fair value	$	8,342	$	7,638	$	-	$	15,980

	As of March 31, 2012
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	6,996	$	-	$	-	$	6,996
Available-for-sale investments:
Certificates of deposits		-		1,247		-		1,247
Corporate bonds		-		6,085		-		6,085
Municipal bonds		-		962		-		962
Total assets at fair value	$	6,996	$	8,294	$	-	$	15,290