Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.4.0.3
Fair Value Measurements (Tables)
12 Months Ended
Mar. 31, 2016
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 2015 and are categorized using the fair value hierarchy (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at March 31, 2016

 

 

 

 

 

 

Quoted Prices in

 

 

 

 

 

 

 

 

 

 

Active Markets for

 

Significant Other

 

Significant

 

 

 

 

 

 

for

 

Observable

 

Unobservable

 

 

 

 

 

 

Identical Assets

 

Inputs

 

Inputs

 

 

    

Total

    

(Level 1)

    

(Level 2)

    

(Level 3)

 

Cash equivalents

    

$

3,002

    

$

3,002

    

$

 —

    

$

 —

 

Restricted Cash

    

$

5,002

    

$

5,002

    

$

 

    

$

 

 

 

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, 2015

 

 

 

 

 

 

 

 

Quoted Prices in

 

 

 

 

 

 

 

 

 

Quoted Prices in

 

Active Markets for

 

Significant

 

 

 

 

 

 

Active Markets for

 

for

 

Unobservable

 

 

 

 

 

 

Identical Assets

 

Identical Assets

 

Inputs

 

 

    

Total

    

(Level 1)

    

(Level 2)

    

(Level 3)

 

Cash equivalents

    

$

13,737

    

$

13,737

    

$

 —

    

$

 —

 

 

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

 

As of

 

 

 

March 31, 2016

 

March 31, 2015

 

 

 

Carrying

 

Estimated

 

Carrying

 

Estimated

 

 

    

Value

    

Fair Value

    

Value

    

Fair Value

 

Obligations under the credit facility

    

$

9,459

    

$

9,459

    

$

12,953

    

$

12,953

 

 

Schedule of assumptions used to calculate estimated fair value of warrants

 

 

 

 

 

    

Fiscal Year Ended

 

 

    

March 31, 2014

 

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%