Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Tables)

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FAIR VALUE (Tables)
6 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Schedule of assets measured and recorded at fair value on a recurring basis
Our assets measured and recorded at fair value on a recurring basis consist of money market funds, which are included in cash and cash equivalents in our Condensed Consolidated Balance Sheets and are valued using quoted market prices (level 1 fair value measurements) at the respective balance sheet dates (in thousands):
 
As of
 
September 30, 2015
 
March 31, 2015
Money market funds
$
6,154

 
$
34,278

Schedule of carrying value and fair value of financial liabilities
Our financial liabilities were comprised primarily of convertible subordinated debt at September 30, 2015 and March 31, 2015. 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
 
September 30, 2015
 
March 31, 2015
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Convertible subordinated debt
$
152,680

 
$
142,811

 
$
152,138

 
$
166,551