Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Tables)

v3.5.0.2
FAIR VALUE (Tables)
6 Months Ended
Sep. 30, 2016
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, 2016
 
March 31, 2016
Money market funds
$
3,646

 
$
1,640

Schedule of carrying value and fair value of financial liabilities
The carrying value and fair value of our convertible subordinated debt and long-term debt were as follows (in thousands):
 
As of
 
September 30, 2016
 
March 31, 2016
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Convertible subordinated debt (1)
$
69,483

 
$
66,333

 
$
69,253

 
$
51,686

Long-term debt (2)
$
60,250

 
$
60,247

 
$
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).