Quarterly report pursuant to Section 13 or 15(d)

Short-term Investments

v2.4.0.8
Short-term Investments
3 Months Ended
Jun. 30, 2014
Short-term Investments [Abstract]  
Short-term Investments
Short-term Investments
The following table presents short-term investments as of June 30, 2014, and March 31, 2014:
(in thousands)
June 30, 2014
 
March 31, 2014
Certificates of deposit
$
3,043

 
$
1,476

Held-to-maturity, pre-refunded municipal bonds
10,085

 
14,108

Total short-term investments
$
13,128

 
$
15,584


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