Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v2.4.0.8
Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2014
Fair Value Measurements  
Schedule of assets and liabilities measured at fair value on a recurring basis

 The table below presents our assets and liabilities that are measured at fair value on a recurring basis during Fiscal 2014 and are categorized using the fair value hierarchy (in thousands):

 
  Fair Value Measurements at March 31, 2014  
 
  Total   Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
  Significant Other
Observable
Inputs
(Level 2)
  Significant
Unobservable
Inputs
(Level 3)
 

Cash equivalents

  $ 13,737   $ 13,737   $   $  

              The table below presents our assets and liabilities that are measured at fair value on a recurring basis during Fiscal 2013 and are categorized using the fair value hierarchy (in thousands):

 
  Fair Value Measurements at March 31, 2013  
 
  Total   Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
  Quoted Prices in
Active Markets for
Identical Assets
(Level 2)
  Significant
Unobservable
Inputs
(Level 3)
 

Cash equivalents

  $ 27,742   $ 27,742   $   $  

Warrant liability

  $ (10 ) $   $   $ (10 )
Schedule of carrying values and estimated fair values of obligations under the revolving credit facility

The carrying values and estimated fair values of these obligations are as follows (in thousands):

 
  As of March 31, 2014   As of March 31, 2013  
 
  Carrying
Value
  Estimated
Fair Value
  Carrying
Value
  Estimated
Fair Value
 

Obligations under the credit facility

  $ 13,228   $ 13,228   $ 13,476   $ 13,476  
Schedule of assumptions used to calculate estimated fair value of warrants

 

 
  Fiscal Year Ended
March 31, 2013

Risk-free interest rates range

  0.1% to 0.2%

Contractual term (in years)

  0.5 years to 1.2 years

Expected volatility range

  37.2% to 65.8%
Schedule of reconciliation of warrant liability measured at fair value using significant inputs (level 3)

The table below provides a reconciliation of the beginning and ending balances for the warrant liability which is measured at fair value using significant unobservable inputs (Level 3) (in thousands):

Warrant liability:

       

Balance as of March 31, 2011

  $ 20,772  

Total realized and unrealized (gains) losses:

       

Income included in change in fair value of warrant liability

    (13,872 )

Purchases, issuances and settlements

    (6,109 )
       

Balance as of March 31, 2012

  $ 791  

Total realized and unrealized (gains) losses:

       

Income included in change in fair value of warrant liability

    (781 )
       

Balance at March 31, 2013

  $ 10  

Total realized and unrealized (gains) losses:

       

Income included in change in fair value of warrant liability

    (10 )
       

Balance at March 31, 2014

  $