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INVESTMENTS (Tables)
3 Months Ended
Jun. 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 June 30, 2013 and March 31, 2013 (in thousands):

 
Available-for-Sale Investments
 
 
 
Gross
 
Gross
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
June 30, 2013
Cost
 
Gain
 
(Loss)
 
Value
 
Certificates of deposits
 
$
996
  
$
4
  
$
-
  
$
1,000
 
Corporate bonds
  
6,025
   
44
   
-
   
6,069
 
Municipal bonds
  
526
   
-
   
-
   
526
 
Total available-for-sale investments
 
$
7,547
  
$
48
  
$
-
  
$
7,595
 
 
                
 
Held-to-Maturity Investments
 
 
    
Gross
 
Gross
     
 
Amortized
 
Unrecognized
 
Unrecognized
 
Fair
 
June 30, 2013
Cost
 
Gain
 
(Loss)
 
Value
 
Certificates of deposits
 
$
3,735
  
$
-
  
$
(10
)
 
$
3,725
 
Corporate bonds
  
18,524
   
51
   
(53
)
  
18,522
 
Municipal bonds
  
6,202
   
14
   
(32
)
  
6,184
 
Total held-to-maturity investments
 
$
28,461
  
$
65
  
$
(95
)
 
$
28,431
 

 
Available-for-Sale Investments
 
 
 
Gross
 
Gross
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
March 31, 2013
Cost
 
Gain
 
(Loss)
 
Value
 
Certificates of deposits
 
$
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 deposits
 
$
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 June 30, 2013 and March 31, 2013 (in thousands):

 
 
June 30, 2013
  
June 30, 2013
 
 
 
Available-for-Sale Investments
  
Held-to-Maturity Investments
 
 
 
Amortized Cost
  
Fair Value
  
Amortized Cost
  
Fair Value
 
Due in less than one year
 
$
1,522
  
$
1,526
  
$
16,229
  
$
16,264
 
Due in 1 to 4 years
  
6,025
   
6,069
   
12,232
   
12,167
 
Total investments
 
$
7,547
  
$
7,595
  
$
28,461
  
$
28,431
 
 
                
 
 
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