SHORT-TERM INVESTMENTS

3 Months Ended

Jun. 30, 2016

SHORT -TERM INVESTMENTS

SHORT-TERM INVESTMENTS

4. SHORT-TERM INVESTMENTS

        Our short-term investments consisted of the following:

	June 30, 2016
			Gross Unrealized
	Cost or Amortized Cost							Fair Value
			Gains		Losses
Short-term investments
Bank time deposits	$	186,478	$	—	$	—		$	186,478
Available-for-sale securities:
Corporate bonds		205,716		318		(23	)		206,011
Total short-term investments	$	392,194	$	318	$	(23	)	$	392,489

	March 31, 2016
			Gross Unrealized
	Cost or Amortized Cost							Fair Value
			Gains		Losses
Short-term investments
Bank time deposits	$	265,570	$	—	$	—		$	265,570
Available-for-sale securities:
Corporate bonds		205,166		131		(47	)		205,250
Total short-term investments	$	470,736	$	131	$	(47	)	$	470,820

        Unrealized gains and losses of our available-for-sale securities are reported as a component of other comprehensive income (loss), net of tax, until the security is sold, the security has matured, or we determine that the fair value of the security has declined below its adjusted cost basis and the decline is other-than-temporary. We evaluate our investments for impairment quarterly. We consider various factors in the review of investments with an unrealized loss, including the credit quality of the issuer, the duration that the fair value has been less than the adjusted cost basis, the severity of the impairment, the reason for the decline in value and our intent to sell and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value. Based on our review, we did not consider these investments to be other-than-temporarily impaired as of June 30, 2016 or March 31, 2016.

        The following table summarizes the contracted maturities of our short-term investments at June 30, 2016:

	June 30, 2016
	Amortized Cost		Fair Value
Short-term investments
Due in 1 year or less	$	337,191	$	337,301
Due in 1 - 2 years		55,003		55,188
Total short-term investments	$	392,194	$	392,489