Quarterly report pursuant to Section 13 or 15(d)

Short-Term Investments

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Short-Term Investments
3 Months Ended
Jun. 30, 2012
Short-Term Investments [Abstract]  
Short-term Investments
Note 11. Short-term Investments

The following table presents short-term investments as of June 30, 2012 and March 31, 2012:

 

                 
(in thousands)   June 30,
2012
    March 31,
2012
 

Certificates of deposit

  $ 5,581     $ 6,061  

Held-to-maturity, pre-refunded municipal bonds

    10,010       8,394  
   

 

 

   

 

 

 

Total investments

  $ 15,591     $ 14,455  
   

 

 

   

 

 

 

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