FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Mar. 31, 2016

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 of input within the fair value hierarchy as of March 31, 2016 and 2015 (in thousands):

	As of March 31, 2016
	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	$	9,834	$	-	$	-	$	9,834
Available-for-sale investments:
Corporate bonds		-		7,025		-		7,025
Total assets at fair value	$	9,834	$	7,025	$	-	$	16,859

	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