FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Jun. 30, 2017

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 June 30, 2017 and March 31, 2017 (in thousands):

	As of June 30, 2017
	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	$	579	$	-	$	-	$	579
Available-for-sale investments:
Corporate bonds		-		8,650		-		8,650
Municipal bonds		-		669		-		669
Total assets at fair value	$	579	$	9,319	$	-	$	9,898

	As of March 31, 2017
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total
	Level 1		Level 2		Level 3
Assets
Cash equivalents	$	584	$	-	$	-	$	584
Available-for-sale investments:
Corporate bonds		-		6,377		-		6,377
Municipal bonds		-		662		-		662
Total assets at fair value	$	584	$	7,039	$	-	$	7,623