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Fair Value
 3 Months Ended
Jun. 30, 2012
Fair Value Disclosures [Abstract]  
Fair Value
Note 5: Fair Value
 
The Company carries various assets and liabilities at fair value in the Condensed Consolidated Balance Sheets. Fair value is defines as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. ASC Topic 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:
 
Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
Level 2 - Include other inputs that are directly or indirectly observable in the marketplace.
Level 3 - Unobservable inputs which are supported by little or no market activity.
 
The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company’s cash equivalents and short term investments are classified within Level 1. Assets and liabilities measured at fair value are summarized below:
 
Fair Value Measurement at June 30, 2012 Using
Quoted Prices
Significant
in Active
Other
Significant
Markets for
Observable
Unobservable
June 30,
Identical Assets
Inputs
Inputs
(In thousands)
2012
(Level 1)
(Level 2)
(Level 3)
Assets:
Cash and cash equivalents - money market funds
 $ 57,351 $ 57,351 $ - $ -
Short term investments - bond mutual funds
 10,382 10,382 - -
$ 67,733 $ 67,733 $ - $ -