Net Interest Expense

12 Months Ended

Mar. 31, 2017

Banking And Thrift Interest [Abstract]

(K) Net Interest Expense

The following components are included in interest expense, net:

	For the Years Ended March 31,
	2017			2016			2015
	(dollars in thousands)
Interest Income	$	(40	)	$	(6	)	$	(6	)
Interest Expense		21,595			15,891			14,768
Interest Expense (Income) – IRS		—			—			(3,847	)
Other Expenses		1,076			698			828
Interest Expense, net	$	22,631		$	16,583		$	11,743

Interest income includes interest on investments of excess cash. Components of interest expense include interest associated with the Credit Facility, Senior Unsecured Notes, Private Placement Senior Unsecured Notes 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 during fiscal 2015.