Short-Term Investments And Fair Value Measurements
|3 Months Ended|
Jun. 30, 2011
|Short-Term Investments And Fair Value Measurements|
|Short-Term Investments And Fair Value Measurements||
Note 12. Short-term Investments and Fair Value Measurements
The following table presents short-term investments as of June 30, 2011 and March 31, 2011:
Fair Value Measurements
Fair value is defined by ASC 820 as the price that would be received upon selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:
The Company's money market funds are measured using Level 1 inputs. The Company's certificates of deposits are measured using Level 2 inputs. The note payable guarantee described in Note 9 is measured using Level 3 inputs.
The following table presents financial assets and liabilities measured at fair value on a recurring basis and their related valuation inputs as of June 30, 2011:
The following table presents financial assets and liabilities measured at fair value on a recurring basis and their related valuation inputs as of March 31, 2011:
The fair value of investments approximates their carrying amounts due to the short-term nature of these financial assets.
Investments In Debt And Marketable Equity Securities And Certain Trading Assets And Fair Value Measurement Inputs Disclosure [Text Block]