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INVESTMENTS (Tables)
6 Months Ended
Sep. 30, 2013
INVESTMENTS [Abstract]  
Available-for-sale and held-to-maturity 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 September 30, 2013 and March 31, 2013 (in thousands):

 
 
Available-for-Sale Investments
 
 
 
  
Gross
  
Gross
  
 
 
 
Amortized
  
Unrealized
  
Unrealized
  
Fair
 
September 30, 2013
 
Cost
  
Gain
  
(Loss)
  
Value
 
Certificates of deposit
 
$
996
  
$
3
  
$
-
  
$
999
 
Corporate bonds
  
6,020
   
54
   
-
   
6,074
 
Total available-for-sale investments
 
$
7,016
  
$
57
  
$
-
  
$
7,073
 
 
                
 
 
Held-to-Maturity Investments
 
 
     
Gross
  
Gross
     
 
 
Amortized
  
Unrecognized
  
Unrecognized
  
Fair
 
September 30, 2013
 
Cost
  
Gain
  
(Loss)
  
Value
 
Certificates of deposit
 
$
3,735
  
$
-
  
$
(5
)
 
$
3,730
 
Corporate bonds
  
16,285
   
63
   
(16
)
  
16,332
 
Municipal bonds
  
5,323
   
6
   
(67
)
  
5,262
 
Total held-to-maturity investments
 
$
25,343
  
$
69
  
$
(88
)
 
$
25,324
 

 
 
Available-for-Sale Investments
 
 
 
  
Gross
  
Gross
  
 
 
 
Amortized
  
Unrealized
  
Unrealized
  
Fair
 
March 31, 2013
 
Cost
  
Gain
  
(Loss)
  
Value
 
Certificates of deposit
 
$
996
  
$
5
  
$
-
  
$
1,001
 
Corporate bonds
  
6,029
   
65
   
-
   
6,094
 
Municipal bonds
  
529
   
-
   
-
   
529
 
Total available-for-sale investments
 
$
7,554
  
$
70
  
$
-
  
$
7,624
 
 
                
 
 
Held-to-Maturity Investments
 
 
     
Gross
  
Gross
     
 
 
Amortized
  
Unrecognized
  
Unrecognized
  
Fair
 
March 31, 2013
 
Cost
  
Gain
  
(Loss)
  
Value
 
Certificates of deposit
 
$
3,341
  
$
-
  
$
-
  
$
3,341
 
Corporate bonds
  
16,284
   
121
   
(3
)
  
16,402
 
Municipal bonds
  
13,105
   
32
   
(10
)
  
13,127
 
Total held-to-maturity investments
 
$
32,730
  
$
153
  
$
(13
)
 
$
32,870
 
Amortized cost and fair value of investments, classified by stated maturity
The following table summarizes the amortized cost and fair value of our investments, classified by stated maturity as of September 30, 2013 and March 31, 2013 (in thousands):

 
 
September 30, 2013
  
September 30, 2013
 
 
 
Available-for-Sale Investments
  
Held-to-Maturity Investments
 
 
 
Amortized Cost
  
Fair Value
  
Amortized Cost
  
Fair Value
 
Due in less than one year
 
$
996
  
$
999
  
$
13,448
  
$
13,474
 
Due in 1 to 4 years
  
6,020
   
6,074
   
11,895
   
11,850
 
Total investments
 
$
7,016
  
$
7,073
  
$
25,343
  
$
25,324
 
 
                
 
 
March 31, 2013
  
March 31, 2013
 
 
 
Available-for-Sale Investments
  
Held-to-Maturity Investments
 
 
 
Amortized Cost
  
Fair Value
  
Amortized Cost
  
Fair Value
 
Due in less than one year
 
$
1,027
  
$
1,029
  
$
22,325
  
$
22,387
 
Due in 1 to 4 years
  
6,527
   
6,595
   
10,405
   
10,483
 
Total investments
 
$
7,554
  
$
7,624
  
$
32,730
  
$
32,870