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Debt (Tables)

12 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Debt, Excluding Film Obligations and Production Loans

Total debt of the Company, excluding film obligations and production loans, was as follows as of March 31, 2017 and March 31, 2016:

	March 31, 2017				March 31, 2016
	(Amounts in millions)
Corporate debt:
Revolving credit facilities	$	—			$	161.0
Term Loan A	987.5				—
Term Loan B	1,600.0				—
5.875% Senior Notes	520.0				—
5.25% Senior Notes	—				225.0
Term Loan Due 2022	—				400.0
Total corporate debt	3,107.5				786.0
Convertible senior subordinated notes	60.0				101.9
Capital lease obligations	57.7				—
Total debt	3,225.2				887.9
Unamortized discount and debt issuance costs, net of fair value adjustment on capital lease obligations	(100.3		)		(22.7		)
Total debt, net	3,124.9				865.2
Less current portion	(77.9		)		(40.1		)
Non-current portion of debt	$	3,047.0			$	825.1

Future Annual Contractual Principal Payment Commitments of Debt

The following table sets forth future annual contractual principal payment commitments of debt as of March 31, 2017:

		Maturity Date		Year Ended March 31,
Debt Type				2018				2019				2020				2021				2022				Thereafter				Total
				(Amounts in millions)
Revolving credit facility		December 2021		$	—			$	—			$	—			$	—			$	—			$	—			$	—
Term Loan A		December 2021		50.0				55.0				77.5				100.0				705.0				—				987.5
Term Loan B		December 2023		20.0				20.0				20.0				20.0				20.0				1,500.0				1,600.0
5.875% Senior Notes		November 2024		—				—				—				—				—				520.0				520.0
Capital lease obligations		Various		6.0				5.4				3.9				3.0				0.9				38.5				57.7
April 2013 1.25% Notes		April 2018		—				60.0				—				—				—				—				60.0
				$	76.0			$	140.4			$	101.4			$	123.0			$	725.9			$	2,058.5			3,225.2
Less aggregate unamortized discount & debt issuance costs, net of fair value adjustment on capital lease obligations																												(100.3		)
																												$	3,124.9

Convertible Senior Subordinated Notes Outstanding and Certain Key Terms

The following table sets forth the convertible senior subordinated notes outstanding and certain key terms of these notes at March 31, 2017 and March 31, 2016:

		Maturity Date		Conversion Price Per Share at March 31, 2017		March 31, 2017												March 31, 2016
Convertible Senior Subordinated Notes						Principal				Unamortized Discount & Debt Issuance Costs				Net Carrying Amount				Principal				Unamortized Discount & Debt Issuance Costs				Net Carrying Amount
						(Amounts in millions)
January 2012 4.00% Notes(1)		January 11, 2017		n/a		$	—			$	—			$	—			$	41.9			$	(1.9	)		$	40.0
April 2013 1.25% Notes		April 15, 2018		$29.19		60.0				—				60.0				60.0				—				60.0
						$	60.0			$	—			$	60.0			$	101.9			$	(1.9	)		$	100.0

(1) In January 2017, the outstanding principal amount of the Company's January 2012 4.00% Notes was converted into Class A voting shares and Class B non-voting shares, see table below.

Conversions of Convertible Senior Subordinated Notes

The following conversions were completed with respect to the Company's convertible senior subordinated notes in the years ended March 31, 2017, 2016 and 2015. The Company recorded a loss on extinguishment of debt of $1.3 million during the year ended March 31, 2015 related to the conversions (March 31, 2017 and March 31, 2016 - none).

	Year Ended March 31,
	2017				2016				2015
	(Amounts in millions, except share and per share amounts)
January 2012 4.00% Notes
Principal amount converted	$	41.9			$	—			$	—
Common shares issued upon conversion:
Class A voting shares	2,049,461				—				—
Class B non-voting shares	2,049,461				—				—
Weighted average conversion price per share	$	10.21			$	—			$	—
April 2009 3.625% Notes
Principal amount converted	$	—			$	16.2			$	24.1
Common shares issued upon conversion	—				1,983,058				2,937,096
Weighted average conversion price per share	$	—			$	8.15			$	8.19
October 2004 2.9375% Notes
Principal amount converted	$	—			$	—			$	0.1
Common shares issued upon conversion	—				—				8,634
Weighted average conversion price per share	$	—			$	—			$	11.46
Total
Principal amount converted	$	41.9			$	16.2			$	24.2
Common shares issued upon conversion	4,098,922				1,983,058				2,945,730
Weighted average conversion price per share	$	10.21			$	8.15			$	8.20

Summary of Loss on Extinguishment of Debt

The following table summarizes the loss on extinguishment of debt recorded in the years ended March 31, 2017 and March 31, 2015 (no loss in the year ended March 31, 2016):

	Year Ended
	March 31,
	2017				2015
Loss on Extinguishment of Debt
Senior revolving credit facility	$	0.6			$	—
Term Loan Due 2022 & 5.25% Senior Notes	24.5				—
Starz credit facility & Starz Senior Notes	3.2				—
Early repayment on Term Loan B	12.1				—
Early redemption of Term Loan Due 2020	—				10.4
Convertible senior subordinated notes	—				1.3
	$	40.4			$	11.7

Term Loan Due 2022 and Term Loan Due 2020

Debt Instrument [Line Items]

Costs Associated with Issuance and Contemporaneous Redemption of Debt

The table below sets forth the applicable costs associated with the redemption of the Term Loan Due 2020, and the applicable accounting for such, which was similar to the accounting for the redemption of Lionsgate's Term Loan Due 2022 and 5.25% Senior Notes discussed above.

Redemption of Term Loan Due 2020:

	Total				Amortize Over Life of Term Loan Due 2022				Loss on Extinguishment of Debt
	(Amounts in millions)
Early redemption/ call premium on Term Loan Due 2020	$	4.5			$	2.8			$	1.7
Previously incurred unamortized discount and debt issuance costs of Term Loan Due 2020	14.4				8.8				5.6
	18.9				11.6				7.3
New costs incurred to issue the Term Loan Due 2022	4.9				1.8				3.1
Total	$	23.8			$	13.4			$	10.4

Revolving Credit Facility

Debt Instrument [Line Items]

Costs Associated with Issuance and Contemporaneous Redemption of Debt

The table below sets forth the applicable costs associated with the issuance and repayment of the senior revolving credit facility:

	Total				Amortize Over Life of New Revolving Credit Facility				Loss on Extinguishment of Debt
	(Amounts in millions)
Previously incurred unamortized debt issuance costs of senior revolving credit facility	$	2.6			$	2.0			$	0.6
New costs incurred to issue the new revolving credit facility	20.5				20.5				—
Total	$	23.1			$	22.5			$	0.6

Senior Secured Second-Priority Notes | Term Loan Due 2022 & 5.25% Senior Notes

Debt Instrument [Line Items]

Costs Associated with Issuance and Contemporaneous Redemption of Debt

The table below sets forth the applicable costs associated with the issuance of the Term Loan A, the Term Loan B, and the 5.875% Senior Notes and the redemption of the Term Loan Due 2022 and the 5.25% Senior Notes, respectively (as discussed above), and the applicable accounting for such:

	Total				Amortize Over Life of 5.875% Senior Notes, Term Loan A and Term Loan B				Loss on Extinguishment of Debt
	(Amounts in millions)
Early redemption/ call premium on 5.25% Senior Notes and Term Loan Due 2022 and other fees paid to creditors	$	22.5			$	10.7			$	11.8
Previously incurred unamortized net discount/premium and debt issuance costs of 5.25% Senior Notes and Term Loan Due 2022	13.4				9.5				3.9
	35.9				20.2				15.7
New costs incurred to issue the 5.875% Senior Notes, Term Loan A and Term Loan B	92.6				83.8				8.8
Total	$	128.5			$	104.0			$	24.5

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