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SUBSEQUENT EVENT
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9 Months Ended |
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Dec. 31, 2014
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| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENT |
On January 28, 2015, we entered into a private transaction with a note holder to repurchase $50.0 million of aggregate principal amount of the 3.50% convertible subordinated notes due November 15, 2015 for $51.0 million. In connection with this transaction, during the fourth quarter of fiscal 2015, we will record a loss on debt extinguishment of $1.3 million comprised of the loss of $1.0 million from the notes repurchased and $0.3 million of unamortized debt costs related to the repurchased notes. We also paid accrued interest on the repurchased notes of $0.4 million. We funded this transaction using cash on hand.
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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