FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Mar. 31, 2013

FAIR VALUE MEASUREMENTS [Abstract]

Financial Assets Measured at Fair Value on a Recurring Basis

The following table summarizes financial assets, measured at fair value on a recurring basis, by level within the fair value hierarchy as of March 31, 2013 and 2012 (in thousands):

	As of March 31, 2013
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs			Significant Unobservable Inputs
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	12,189	$	-	$	-	$	12,189
Available-for-sale investments:
Certificates of deposits		-		1,001		-		1,001
Corporate bonds		-		6,094		-		6,094
Municipal bonds		-		529		-		529
Total assets at fair value	$	12,189	$	7,624	$	-	$	19,813

	As of March 31, 2012
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs			Significant Unobservable Inputs
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	6,996	$	-	$	-	$	6,996
Available-for-sale investments:
Certificates of deposits		-		1,247		-		1,247
Corporate bonds		-		6,085		-		6,085
Municipal bonds		-		962		-		962
Total assets at fair value	$	6,996	$	8,294	$	-	$	15,290