DEBT (Tables)

12 Months Ended

Mar. 31, 2015

Debt as of March 31, 2015 and 2014 consisted of the following (in thousands):



	March 31,
	2015			2014
6 ¼% Senior Notes due 2022	$	401,535		$	450,000
Term Loan	222,179			226,604
3% Convertible Senior Notes due 2038, including $0.9 million and $5.1 million of unamortized discount, respectively	114,109			109,904
Revolving Credit Facility	83,800			24,000
Airnorth debt	23,119			—
Eastern Airways debt	19,680			29,911
Other debt	—			883
Total debt	864,422			841,302
Less short-term borrowings and current maturities of long-term debt	(18,730		)	(14,207		)
Total long-term debt	$	845,692		$	827,095

Convertible Debt [Table Text Block]

The balances of the debt and equity components of the 3% Convertible Senior Notes as of each period presented are as follows (in thousands):



	March 31, 2015			March 31, 2014
Equity component – net carrying value	$	14,905		$	14,905
Debt component:
Face amount due at maturity	$	115,000		$	115,000
Unamortized discount	(891		)	(5,096		)
Debt component – net carrying value	$	114,109		$	109,904

Schedule Of Convertible Debt Interest Expense [Table Text Block]

Interest expense related to our 3% Convertible Senior Notes for fiscal years 2015, 2014 and 2013 was as follows (in thousands):



	Fiscal Year Ended March 31,
	2015		2014		2013
Contractual coupon interest	$	3,450	$	3,450	$	3,450
Amortization of debt discount	4,205		3,708		3,597
Total interest expense	$	7,655	$	7,158	$	7,047

Schedule of Maturities of Long-term Debt [Table Text Block]

Aggregate annual maturities (which excludes unamortized discount of $1.3 million) for all debt for the next five fiscal years and thereafter are as follows (in thousands):



Fiscal year ending March 31
2016	$	18,730
2017	30,945
2018	26,480
2019	35,994
2020	228,755
Thereafter	524,853
	$	865,757