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SHORT-TERM INVESTMENTS
 6 Months Ended
Sep. 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 September 30, 2014:

                                                                                                                                                                                    

 

 

As of September 30, 2014

 

 

 

 

 

Gross Unrealized

 

 

 

 

 

Cost or
Amortized Cost

 

Fair
Value

 

 

 

Gains

 

Losses

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$
49,452

 

$

—

 

$
(85

)

$
49,367

 

 

 

 

 

 

 

 

 

 

 

Total short-term investments

 

$
49,452

 

$

—

 

$
(85

)

$
49,367

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

        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 September 30, 2014.

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

                                                                                                                                                                                    

 

 

As of September 30,
2014

 

 

 

Amortized Cost

 

Fair Value

 

Short-term investments

 

 

 

 

 

 

 

Due in 1-2 years

 

$
49,452 

 

$
49,367 

 

 

 

 

 

 

 

Total short-term investments

 

$
49,452 

 

$
49,367