FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Mar. 31, 2018

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, 2018 and 2017 (in thousands):

	As of March 31, 2018
	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		$	590		$	-		$	-		$	590
Available-for-sale investments:
Commercial paper			-			9,251			-			9,251
Corporate bonds			-			66,648			-			66,648
Municipal bonds			-			650			-			650
Total assets at fair value		$	590		$	76,549		$	-		$	77,139

	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