Short-Term Investments

6 Months Ended

Sep. 30, 2011

Note 12. Short-term Investments

The following table presents short-term investments as of September 30, 2011 and March 31, 2011:


(in thousands)	September 30, 2011		March 31, 2011
Certificates of deposits	$	5,716	$	490
Held-to-maturity, pre-refunded municipal bonds		13,130		—

Total investments	$	18,846	$	490

The fair value of investments approximates their carrying amounts due to the short-term nature of these financial assets.