Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.4.0.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
Schedule of property and equipment estimated 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 and recorded 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,
 
2016
 
2015
Money market funds
$
1,640

 
$
34,278

Schedule of carrying value and fair value of financial liabilities
The carrying value and fair value were as follows (in thousands):
 
As of March 31,
 
2016
 
2015
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Convertible subordinated debt(1)
$
69,253

 
$
51,686

 
$
152,138

 
$
166,551

Long-term debt(2)
$
65,709

 
$
65,741

 
$

 
$


 
 
 
 
 
 
(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)