FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Sep. 30, 2014

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, 2014 and March 31, 2014 (in thousands):

	As of September 30, 2014
	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	$	11,053	$	-	$	-	$	11,053
Available-for-sale investments:
Corporate bonds		-		10,337		-		10,337
Total assets at fair value	$	11,053	$	10,337	$	-	$	21,390

	As of March 31, 2014
	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	$	5,035	$	-	$	-	$	5,035
Available-for-sale investments:
Certificates of deposit		-		499		-		499
Corporate bonds		-		10,382		-		10,382
Total assets at fair value	$	5,035	$	10,881	$	-	$	15,916