FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 31, 2016

Fair Value Measurements Tables

Fair Value Measurements, Recurring and Nonrecurring (Tables)

Cash, cash equivalents, and available-for-sale investments, and contingent consideration were (in thousands):

				Gross		Gross				Cash and
		Amortized		Unrealized		Unrealized		Estimated		Cash		Short-Term
As of December 31, 2016		Costs		Gain		Loss		Fair Value		Equivalents		Investments
Cash	$	27,382	$	-	$	-	$	27,382	$	27,382	$	-
Level 1:
Money market funds		6,075		-		-		6,075		6,075		-
Mutual funds		2,000		-		(202)		1,798		-		1,798
Subtotal		35,457		-		(202)		35,255		33,457		1,798
Level 2:
Commercial paper		20,945		4		(2)		20,947		-		20,947
Corporate debt		90,469		57		(65)		90,461		-		90,461
Asset backed securities		22,630		7		(15)		22,622		-		22,622
Mortgage backed securities		367		-		(2)		365		-		365
Agency bond		2,000		1		-		2,001		-		2,001
International government securities		1,000		-		-		1,000		-		1,000
Subtotal		137,411		69		(84)		137,396		-		137,396
Total assets	$	172,868	$	69	$	(286)	$	172,651	$	33,457	$	139,194
Level 3:
Contingent consideration	$	-	$	-	$	-	$	148	$	-	$	-
Total liabilities	$	-	$	-	$	-	$	148	$	-	$	-

				Gross		Gross				Cash and
		Amortized		Unrealized		Unrealized		Estimated		Cash		Short-Term
As of March 31, 2016		Costs		Gain		Loss		Fair Value		Equivalents		Investments
Cash	$	18,596	$	-	$	-	$	18,596	$	18,596	$	-
Level 1:
Money market funds		14,980		-		-		14,980		14,980		-
Mutual funds		2,000		-		(187)		1,813		-		1,813
Subtotal		35,576		-		(187)		35,389		33,576		1,813
Level 2:
Commercial paper		6,794		2		-		6,796		-		6,796
Corporate debt		85,164		78		(28)		85,214		-		85,214
Municipal securities		1,007		-		(1)		1,006		-		1,006
Asset backed securities		24,614		7		(11)		24,610		-		24,610
Mortgage backed securities		2,045		-		(17)		2,028		-		2,028
Agency bond		6,805		1		-		6,806		-		6,806
International government securities		1,000		1		-		1,001		-		1,001
Subtotal		127,429		89		(57)		127,461		-		127,461
Total assets	$	163,005	$	89	$	(244)	$	162,850	$	33,576	$	129,274
Level 3:
Contingent consideration	$	-	$	-	$	-	$	148	$	-	$	-
Total liabilities	$	-	$	-	$	-	$	148	$	-	$	-

Investments Classified By Contractual Maturity Date (Tables)

Contractual maturities of investments as of December 31, 2016, are set forth below (in thousands):

		Estimated
		Fair Value
Due within one year	$	86,842
Due after one year		52,352
Total	$	139,194

Rollforward of contingent consideration liabilities (Tables)

The table below presents a roll-forward of the contingent consideration and escrow liability valued using a Level 3 input (in thousands):

		Three Months Ended				Nine Months Ended
		December 31,				December 31,
		2016		2015		2016		2015
Balance at beginning of period	$	216	$	391	$	341	$	-
Purchase price contingent consideration		-		-		-		541
Fair value adjustment		107		-		107		-
Contingent consideration payments		(175)		(50)		(300)		(200)
Balance at end of period	$	148	$	341	$	148	$	341