Net Interest Expense

12 Months Ended

Mar. 31, 2016

Banking And Thrift Interest [Abstract]

(K) Net Interest Expense

The following components are included in interest expense, net:

	For the Years Ended March 31,
	2016			2015			2014
	(dollars in thousands)
Interest Income	$	(6	)	$	(6	)	$	(5	)
Interest Expense		15,891			14,768			16,751
Interest Expense (Income) – IRS		—			(3,847	)		641
Other Expenses		698			828			895
Interest Expense, net	$	16,583		$	11,743		$	18,282

Interest income includes interest on investments of excess cash. Components of interest expense include interest associated with the Senior Notes, Credit Facility and commitment fees based on the unused portion of the Credit Facility. Other expenses include amortization of debt issuance costs, and bank credit facility costs.

Interest expense (income) – IRS relates to interest accrued on our unrecognized tax benefits, primarily related to the Republic Asset Acquisition. As noted in Footnote (H) of the Notes to Consolidated Financial Statements, our settlement with the IRS was finalized in January 2015. As a result of the settlement, we received approximately $4.4 million of interest related to penalties paid to the IRS related to the Republic Asset Acquisition during fiscal 2015.