• Filing Date: 2017-08-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.7.0.1
FAIR VALUE (Tables)
3 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
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
 
June 30, 2017
 
March 31, 2017
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Convertible subordinated debt (1)
$
62,926

 
$
61,513

 
$
62,827

 
$
60,667

 
 
 
 
 
 
 
 
Long-term debt: (2)
 
 
 
 
 
 
 
Revolving credit agreement
11,888

 
13,372

 
16,852

 
18,490

Term loan agreement
48,331

 
49,930

 
48,176

 
50,026

Total long-term debt
$
60,219

 
$
63,302

 
$
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).