Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Mar. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Schedule of Property and Equipment Useful Lives

Property and equipment are carried at cost, less accumulated depreciation and amortization, computed on a straight-line basis over the estimated useful lives of the assets as follows:

         Machinery and equipment 3 to 5 years
  Computer equipment 3 to 5 years
  ERP software 10 years
  Other software 3 years
  Furniture and fixtures 5 years
  Other office equipment 5 years
  Leasehold improvements Life of lease

Schedule of Assets Measured at Fair Value on a Recurring Basis

The assets measured and recorded at fair value on a recurring basis consist of money market funds which are valued using quoted market prices at the respective balance sheet dates and are level 1 fair value measurements (in thousands):

    As of March 31,
    2014            2013
      Money market funds $       93,077   $       60,496

Schedule of Carrying Value and Fair Value of Financial Liabilities

Our financial liabilities were comprised solely of convertible subordinated debt at March 31, 2014 and 2013. The carrying value and fair value based on quoted market prices in less active markets (level 2 fair value measurement) were as follows (in thousands):

      As of March 31,
      2014   2013
              Carrying Value       Fair Value       Carrying Value       Fair Value
  Convertible subordinated debt   $       203,735   $       203,820   $       205,000   $       194,639