SHORT-TERM INVESTMENTS

6 Months Ended

Sep. 30, 2015

SHORT TERM INVESTMENTS

SHORT TERM INVESTMENTS

4. SHORT-TERM INVESTMENTS

        Our short-term investments consisted of the following:

	September 30, 2015
			Gross Unrealized
	Cost or Amortized Cost							Fair Value
			Gains		Losses
Short-term investments:
Bank time deposits	$	248,590	$	—	$	—		$	248,590
Available-for-sale securities:
Corporate bonds		104,441		19		(89	)		104,371
Total short-term investments	$	353,031	$	19	$	(89	)	$	352,961

	March 31, 2015
			Gross Unrealized
	Cost or Amortized Cost							Fair Value
			Gains		Losses
Short-term investments:
Bank time deposits	$	87,500	$	—	$	—		$	87,500
Available-for-sale securities:
Corporate bonds		99,454		39		(64	)		99,429
Total short-term investments	$	186,954	$	39	$	(64	)	$	186,929

        Unrealized gains and losses of the Company's available-for-sale securities are reported as a component of other comprehensive income (loss), net of tax, until the security is sold, the security has matured, or the Company determines that the fair value of the security has declined below its adjusted cost basis and the decline is other-than-temporary. We evaluate our investments for impairment quarterly. The Company considers various factors in the review of investments with an unrealized loss, including the credit quality of the issuer, the duration that the fair value has been less than the adjusted cost basis, the severity of the impairment, the reason for the decline in value and our intent to sell and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value. Based on our review, we did not consider these investments to be other-than-temporarily impaired as of September 30, 2015.

        The following table summarizes the contracted maturities of our short-term investments at September 30, 2015:

	Amortized Cost		Fair Value
Short-term investments:
Due in 1 year or less	$	340,073	$	340,009
Due in 1 - 2 years		12,958		12,952
Total short-term investments	$	353,031	$	352,961