FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 31, 2017

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 December 31, 2017 and March 31, 2017 (in thousands).

	As of December 31, 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	$	7,098	$	-	$	-	$	7,098
Available-for-sale investments:
Commercial paper		-		9,954		-		9,954
Corporate bonds		-		45,226		-		45,226
Municipal bonds		-		656		-		656
Total assets at fair value	$	7,098	$	55,836	$	-	$	62,934

	As of March 31, 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	$	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