Short-term Investments

12 Months Ended

Mar. 31, 2013

Short-term Investments:

The following table presents short-term investments as of March 31, 2013, and 2012:



(in thousands)	March 31, 2013		March 31, 2012
Certificates of deposit	$	3,682	$	6,061
Held-to-maturity, pre-refunded municipal bonds	20,667		8,394
Total investments	$	24,349	$	14,455

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