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SHORT-TERM INVESTMENTS
 3 Months Ended
Jun. 30, 2014
SHORT-TERM INVESTMENTS  
SHORT-TERM INVESTMENTS

4. SHORT-TERM INVESTMENTS

        Our short-term investments consisted of the following available-for-sale securities as of June 30, 2014:

 
   As of June 30, 2014  
 
    
   Gross
Unrealized		    
  
 
   Cost or
Amortized Cost		   Fair
Value		  
 
   Gains   Losses  

Short-term investments

                          

Available-for-sale securities:

                          

Corporate bonds

   $ 19,396   $ 6   $ (33 ) $ 19,369  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total short-term investments

   $ 19,396   $ 6   $ (33 ) $ 19,369  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

        Unrealized gains and losses of the Company's 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 the Company determines 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. The Company considers 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, 2014.

        The following table summarizes the contracted maturities of our short-term investments classified as available-for-sale at June 30, 2014:

 
   As of June 30, 2014  
 
   Amortized
Cost		   Fair
Value		  

Short-term investments

              

Due in 1 - 2 years

   $ 19,396   $ 19,369  
           
​ ​ ​ ​ ​ ​ ​ ​

Total short-term investments

   $ 19,396   $ 19,369  
           
​ ​ ​ ​ ​ ​ ​ ​
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