Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

v3.19.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Schedule of Changes in the Fair value of Level 3 valuation for Warrant liability
The table presented below is a summary of changes in the fair value of the Company’s Level 3 valuations for the warrant liability for the six months ended September 30, 2018 (in thousands):
 
   
Warrant liability
 
Balance, March 31, 2018
  $ 272  
Issuances
    2,784  
Settlements
    (176
Changes in fair value
    164  
   
 
 
 
Balance, September 30, 2018
  $ 3,044  
   
 
 
 
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The carrying value and fair value of the financial liabilities were primarily comprised of the following as of September 30, 2018 and March 31, 2018 (in thousands):
 
   
As of
 
   
September 30, 2018
   
March 31, 2018
 
   
Carrying
Value
   
Fair Value
   
Carrying
Value
   
Fair Value
 
Long term debt:
(1)
                               
TCW Term Loan
  $ 105,849     $ 105,849     $ 90,424     $ 90,424  
PNC Credit Facility
    22,002       22,002       33,107       27,323  
   
 
 
   
 
 
   
 
 
   
 
 
 
Total long-term debt
  $ 127,851     $ 127,851     $ 123,531     $ 117,747  
   
 
 
   
 
 
   
 
 
   
 
 
 
 
(1)
 
Fair value based on outstanding borrowings and market interest rates (level 2)