v3.5.0.1
Related Party Transactions
12 Months Ended
Mar. 31, 2016
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions

As discussed in Note 4, "Revolving Credit Facility," during fiscal 2015, the Investors became a lending party to the Revolving Credit Facility. During fiscal 2016 and 2015, the Company paid approximately $0.1 million and $0.8 million, respectively, in lender fees pursuant to the amendments to the Revolving Credit Facility, which are included in deferred financing costs in the accompanying consolidated financial statements.

As discussed in Note 5, "Senior Secured Notes," during fiscal 2015, the Company entered into the Debt for Equity Exchange Agreement with the Parent and the Investors pursuant to which the Investors exchanged approximately $121.1 million in aggregate principal amount of Senior Secured Notes of the Company, plus accrued and unpaid interest of approximately $2.9 million, for equity interests in the Parent. Also during fiscal 2015, the Company repurchased $56.1 million in aggregate principal amount of Senior Secured Notes, plus accrued and unpaid interest, in the open market, from the Investors. In addition, during fiscal 2015, the Company exchanged approximately $32.0 million in aggregate principal amount of First Lien Notes, plus accrued and unpaid interest, held by the Investors for approximately $39.0 million in aggregate principal amount of New Second Lien Notes.

As discussed in Note 5, "Senior Secured Notes," during fiscal 2016, the Company repurchased $2.0 million in aggregate principal amount of First Lien Notes, plus accrued and unpaid interest, in the open market, from the Investors. Also, in March 2016, the Company exchanged approximately $58.9 million in aggregate principal amount of First Lien Notes, plus accrued and unpaid interest, held by the Investors for approximately $76.0 million in aggregate principal amount of New Second Lien Notes. In addition, in March 2016, the Company issued approximately $76.2 million in aggregate principal amount of New Second Lien Notes in a distribution to certain holders of equity interests in the Parent, of which approximately $68.8 million was issued to certain Investors and approximately $7.4 million was issued to the Officer and approximately $7.3 million aggregate principal amount of New Second Lien Notes were issued to an affiliate of the Investors in exchange for cash. Lastly, in March 2016, the Company paid a Consent Fee of approximately $2.5 million to the Investors, which are included in deferred financing costs in the accompanying consolidated financial statements.

Mr. Elkins, a former member of our Board of Directors provided certain financial advisory services to the Company through Roxbury Advisory, LLC ("Roxbury"), a company controlled by Mr. Elkins, while he was a member of our Board of Directors. During fiscal 2015, the consulting agreement between Roxbury and the Company was terminated. Payments for the services received from Roxbury totaled $50,000 and $120,000 during fiscal 2015 and 2014, respectively, and the Company had no outstanding payables to Roxbury at March 31, 2016 and 2015.