Short-Term Investments

12 Months Ended

Mar. 31, 2012

Note 12. Short-term Investments

The following table presents short-term investments as of March 31, 2012 and March 31, 2011:


(in thousands)	March 31, 2012		March 31, 2011
Certificates of deposit	$	6,061	$	490
Held-to-maturity, pre-refunded municipal bonds		8,394		—

Total investments	$	14,455	$	490

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