Quarterly report pursuant to Section 13 or 15(d)

Short-term Investments

v2.4.0.8
Short-term Investments
3 Months Ended
Jun. 30, 2013
Short-term Investments [Abstract]  
Short-term Investments
Short-term Investments
The following table presents short-term investments as of June 30, 2013 and March 31, 2013:
(in thousands)
June 30, 2013
 
March 31, 2013
Certificates of deposit
$
1,722

 
$
3,682

Held-to-maturity, pre-refunded municipal bonds
16,271

 
20,667

Total short-term investments
$
17,993

 
$
24,349


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