Annual report pursuant to Section 13 and 15(d)

Short-term Investments

v2.4.0.8
Short-term Investments
12 Months Ended
Mar. 31, 2014
Short-term Investments [Abstract]  
Short-term Investments
Short-term Investments:
The following table presents short-term investments as of March 31, 2014, and 2013:
(in thousands)
March 31, 2014
 
March 31, 2013
Certificates of deposit
$
1,476

 
$
3,682

Held-to-maturity, pre-refunded municipal bonds
14,108

 
20,667

Total investments
$
15,584

 
$
24,349


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