Short-term Investments (Notes)

3 Months Ended

Jun. 30, 2015

The following table presents short-term investments as of June 30, 2015, and March 31, 2015:



(in thousands)	June 30, 2015		March 31, 2015
Certificates of deposit	$	5,778	$	7,912
Held-to-maturity, pre-refunded municipal bonds	10,293		15,994
Total short-term investments	$	16,071	$	23,906

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