v3.5.0.1
Senior Secured Notes (Tables)
12 Months Ended
Mar. 31, 2016
Senior Secured Notes Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Our senior secured notes are comprised of the first lien notes, the second lien notes and the new second lien notes and are collectively referred to herein as the "Senior Secured Notes" and consisted of the following at March 31st (in thousands):

 
 
2016
 
2015
   First Lien Notes
 
$
214,277

 
$
275,175

   Second Lien Notes
 

 
2,198

   New Second Lien Notes
 
198,575

 
39,024

   Unamortized discount
 
(34,134
)
 
(6,828
)
Total debt obligations
 
378,718

 
309,569

Less: current portion of long-term debt
 

 

Noncurrent debt obligations
 
$
378,718

 
$
309,569

Schedule of Maturities of Long-term Debt
The future maturities of the Senior Secured Notes as of March 31st are as follows (in thousands):

Fiscal Year
 
Amount
2017
 
$

2018
 
214,277

2019
 

2020
 

2021
 
198,575

Thereafter
 

Total future maturities
 
412,852

Unamortized discount
 
(34,134
)
Total debt obligations
 
$
378,718

Schedule of Interest Payable on Long-term Debt
As of March 31, 2016, future interest payments on our Senior Secured Notes until maturity in fiscal 2021 is expected to be as following (in thousands):

Fiscal Year
 
Amount
2017
 
$
38,542

2018
 
31,286

2019
 
13,900

2020
 
13,900

2021
 
4,055

Thereafter
 

Total future payments
 
$
101,683

Debt Instrument Redemption
Under the New Second Lien Notes Indenture, the Company has the option to redeem the New Second Lien Notes at any time prior to January 15, 2018 at a redemption price equal to 100% of the principal amount, plus a “make-whole” premium and accrued and unpaid interest through the redemption date. At any time prior to January 15, 2018, the Company may redeem up to 35% of the New Second Lien Notes from the net cash proceeds of one or more qualified equity offerings at a redemption price of 107% of the principal amount, plus accrued and unpaid interest through the redemption date, provided that at least 65% of the aggregate principal amount of the New Second Lien Notes remains outstanding after the redemption. The Company has the option to redeem the New Second Lien Notes on or after January 15, 2018, in whole or in part, at the redemption prices set forth below, plus accrued and unpaid interest through the redemption date, if redeemed during the 12-month period beginning on January 15th of each of the years indicated below:

Year
 
Percentage
2018
 
107%
2019
 
103.5%
2020 and thereafter
 
100%
Under the First Lien Notes Indenture (as defined below), the Company has the option to redeem the First Lien Notes, in whole or in part, at the redemption prices set forth below, plus accrued and unpaid interest through the redemption date, if redeemed during the 12-month period beginning on December 15th of each of the years indicated below:

Year
 
Percentage
2015
 
102.875%
2016 and thereafter
 
100%