v3.5.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
OPERATING ACTIVITIES:      
Net income (loss) $ 17,996 $ (25,908) $ (53,271)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 26,482 14,920 14,203
Impairment of goodwill and intangible assets 0 18,458 9,238
Amortization of deferred financing costs 4,026 4,011 1,664
Amortization of deferred rack costs 4,999 5,869 6,585
Deferred income tax (benefit) provision (35,646) (31,703) 33,039
Non-cash payment-in-kind interest accretion 0 4,809 1,912
Provision for doubtful accounts 0 8,721 5,307
Loss on sale of publications 0 2,472 0
Other 1,163 4,410 499
Changes in operating assets and liabilities:      
Trade receivables 17,141 (3,497) (6,858)
Inventories (470) 9,868 2,243
Prepaid expenses and other current assets 696 4,964 (1,727)
Deferred rack costs (3,459) (6,149) (5,054)
Other long-term assets 570 648 (2,210)
Accounts payable (5,089) (3,925) 1,798
Accrued expenses and other liabilities (23,749) 10,661 1,365
Accrued interest 268 (3,175) (926)
Other non-current liabilities (1,317) 1,180 3,213
Deferred revenues (124) (3,929) (1,226)
Total changes in operating assets and liabilities (15,533) 6,646 (9,382)
Net cash provided by operating activities 3,487 12,705 9,794
INVESTING ACTIVITIES:      
Purchases of property and equipment (805) (7,176) (10,514)
Purchases of intangible assets (1,894) (2,738) (5,615)
Proceeds from sale of publications 0 63,000 0
Investments in affiliates 0 0 (2,536)
Distributions from affiliates 0 2,570 0
Other 24 9 (155)
Net cash (used in) provided by investing activities (2,675) 55,665 (18,820)
FINANCING ACTIVITES:      
Proceeds from revolving credit facility 72,700 62,800 95,600
Repayment to revolving credit facility (72,200) (77,100) (78,600)
Proceeds from issuance of senior secured notes 7,020 12,500 0
Senior secured notes repurchases (4,386) (56,100) (2,325)
Capital contribution 0 573 0
Costs incurred in restructuring 0 4,315 0
Redemption premium payment (192) (2,206) (201)
Debt financing costs (4,360) (2,073) 0
Payments to noncontrolling interest holders of Olympia (1,150) (1,253) (1,004)
Payments for redemption of Odyssey preferred stock 0 0 (3,961)
Net cash (used in) provided by financing activities (2,568) (67,174) 9,509
Effect of exchange rate changes on cash (310) (774) 189
Net (decrease) increase in cash and cash equivalents (2,066) 422 672
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 3,452 3,030 2,358
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,386 3,452 3,030
Supplemental Cash Flow Information and Non-Cash Activity:      
Income taxes 408 445 35
Interest 36,502 46,109 55,824
Non-cash property and equipment (incurred but not paid) 0 4 498
Non-cash debt for equity exchange 0 123,960 0
Non-cash equity distribution for debt $ 62,491 $ 0 $ 0