Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Tables)

v3.3.1.900
FAIR VALUE (Tables)
9 Months Ended
Dec. 31, 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
 
December 31, 2015
 
March 31, 2015
Money market funds
$
6,241

 
$
34,278

Schedule of carrying value and fair value of financial liabilities
The carrying value and fair value of our subordinated debt and our long-term debt were as follows (in thousands):
 
As of
 
December 31, 2015
 
March 31, 2015
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Convertible subordinated debt (1)
$
69,138

 
$
64,197

 
$
152,138

 
$
166,551

Long-term debt (2)
$
68,920

 
$
68,882

 
$

 
$

 
 
 
 
 
 
(1) Fair value based on quoted market prices in less active markets (level 2).
 
(2) Fair value based on outstanding borrowings and market interest rates (level 2)