Quarterly report pursuant to Section 13 or 15(d)

Short-term Investments (Notes)

v3.5.0.2
Short-term Investments (Notes)
 3 Months Ended
Jun. 30, 2016
Short-term Investments [Abstract]  
Short-term Investments
Short-term Investments
The following table presents short-term investments as of June 30, 2016 and March 31, 2016:
(in thousands)
June 30, 2016
 
March 31, 2016
Certificates of deposit
$
—

 
$
—

Held-to-maturity, pre-refunded municipal bonds
10,090

 
10,555

    Total short-term investments
$
10,090

 
$
10,555


The fair value of short-term investments approximates their carrying amounts due to the short-term nature of these financial assets and therefore there are no unrecognized gains or losses. The Company has the ability and intent to hold these investment to maturity and does not intend to sell the investments before recovery of their amortized cost basis.