FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 31, 2016

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 of input within the fair value hierarchy as of December 31, 2016 and March 31, 2016 (in thousands):

	As of December 31, 2016
	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	$	161	$	-	$	-	$	161
Available-for-sale investments:
Corporate bonds		-		6,664		-		6,664
Total assets at fair value	$	161	$	6,664	$	-	$	6,825

	As of March 31, 2016
	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	$	9,834	$	-	$	-	$	9,834
Available-for-sale investments:
Corporate bonds		-		7,025		-		7,025
Total assets at fair value	$	9,834	$	7,025	$	-	$	16,859