Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Tables)

v3.6.0.2
FAIR VALUE (Tables)
9 Months Ended
Dec. 31, 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
 
December 31, 2016
 
March 31, 2016
Money market funds
$

 
$
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
 
December 31, 2016
 
March 31, 2016
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Convertible subordinated debt (1)
$
64,219

 
$
61,999

 
$
69,253

 
$
51,686

 
 
 
 
 
 
 
 
Long-term debt: (2)
 
 
 
 
 
 
 
Credit agreement with Wells Fargo

 

 
65,709

 
65,741

Revolving credit agreement
24,219

 
25,998

 

 

Term loan agreement
48,020

 
50,001

 

 

Total long-term debt
$
72,239

 
$
75,999

 
$
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).