Quarterly report pursuant to Section 13 or 15(d)

Short-term Investments (Notes)

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Short-term Investments (Notes)
6 Months Ended
Sep. 30, 2015
Short-term Investments [Abstract]  
Short-term Investments
Short-term Investments
The following table presents short-term investments as of September 30, 2015, and March 31, 2015:
(in thousands)
September 30, 2015
 
March 31, 2015
Certificates of deposit
$
2,326

 
$
7,912

Held-to-maturity, pre-refunded municipal bonds
1,150

 
15,994

    Total short-term investments
$
3,476

 
$
23,906


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