Quantum Corporation Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Tables)

6 Months Ended

Sep. 30, 2017

The carrying value and fair value of our convertible subordinated debt and long-term debt were as follows (in thousands):



	As of
	September 30, 2017				March 31, 2017
	Carrying Value		Fair Value		Carrying Value		Fair Value
Convertible subordinated debt ⁽¹⁾	$	57,034	$	56,805	$	62,827	$	60,667

Long-term debt: ⁽²⁾
Revolving credit agreement	22,144		23,518		16,852		18,490
Term loan agreement	48,487		50,004		48,176		50,026
Total long-term debt	$	70,631	$	73,522	$	65,028	$	68,516




	⁽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).