FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Jun. 30, 2015

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 of input within the fair value hierarchy as of June 30, 2015 and March 31, 2015 (in thousands):

	As of June 30, 2015
	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	$	1,005	$	-	$	-	$	1,005
Available-for-sale investments:
Corporate bonds		-		4,322		-		4,322
Total assets at fair value	$	1,005	$	4,322	$	-	$	5,327

	As of March 31, 2015
	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	$	3,053	$	-	$	-	$	3,053
Available-for-sale investments:
Corporate bonds		-		4,332		-		4,332
Total assets at fair value	$	3,053	$	4,332	$	-	$	7,385