FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Sep. 30, 2013

FAIR VALUE MEASUREMENTS [Abstract]

Financial Assets Measured at Fair Value on a 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 September 30, 2013 and March 31, 2013 (in thousands):

	As of September 30, 2013
	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	$	20,079	$	-	$	-	$	20,079
Available-for-sale investments:
Certificates of deposit		-		999		-		999
Corporate bonds		-		6,074		-		6,074
Total assets at fair value	$	20,079	$	7,073	$	-	$	27,152

	As of March 31, 2013
	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	$	12,189	$	-	$	-	$	12,189
Available-for-sale investments:
Certificates of deposit		-		1,001		-		1,001
Corporate bonds		-		6,094		-		6,094
Municipal bonds		-		529		-		529
Total assets at fair value	$	12,189	$	7,624	$	-	$	19,813