FAIR VALUE MEASURMENT - Note 3

3 Months Ended

Jun. 30, 2013

Notes to Financial Statements

FAIR VALUE MEASURMENT - Note 3

3. FAIR VALUE MEASUREMENT

The following tables present the Company's fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at June 30, 2013 and March 31, 2013 (in thousands):

		Quoted Prices
		in Active
		Markets		Other		Significant
		for Identical		Observable		Unobservable		Balance at
		Assets		Inputs		Inputs		June 30,
		(Level 1)		(Level 2)		(Level 3)		2013
Cash equivalents:
Money market funds	$	14,378	$	-	$	-	$	14,378
Short-term investments:
Mutual funds		1,899		-		-		1,899
Total	$	16,277	$	-	$	-	$	16,277

		Quoted Prices
		in Active
		Markets		Other		Significant
		for Identical		Observable		Unobservable		Balance at
		Assets		Inputs		Inputs		March 31,
		(Level 1)		(Level 2)		(Level 3)		2013
Cash equivalents:
Money market funds	$	14,376	$	-	$	-	$	14,376
Short-term investments:
Mutual funds		1,964		-		-		1,964
Total	$	16,340	$	-	$	-	$	16,340