Quarterly report pursuant to Section 13 or 15(d)

Short-term Investments

v2.4.0.8
Short-term Investments
6 Months Ended
Sep. 30, 2013
Short-term Investments [Abstract]  
Short-term Investments
Short-term Investments
The following table presents short-term investments as of September 30, 2013, and March 31, 2013:
(in thousands)
September 30, 2013
 
March 31, 2013
Certificates of deposit
$
1,476

 
$
3,682

Held-to-maturity, pre-refunded municipal bonds
10,844

 
20,667

Total short-term investments
$
12,320

 
$
24,349


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