3. DEBT

3 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

NOTE 3 - DEBT

As of June 30, 2013, the Company had the following Credit Agreements:

— A $47.277 million Term Loan issued under the $80.0 million Restated Credit Agreement by and among the Company, Silver Point Finance, LLC and its affiliate, SPCP Group, LLC (together with Silver Point Finance, LLC, “Silver Point”), and PCHI and Ganesha Realty, LLC, as Credit Parties, bearing an interest rate of LIBOR plus 10%, with the LIBOR floor set at 2% (12% at June 30, 2013). If any event of default occurs and continues, the lender can increase the interest rate by 5% per year. As of June 30, 2013, the Company was in compliance with all financial covenants. The stated maturity date for this Restated Credit Agreement is April 13, 2016.

— A $35.0 million Revolving Credit Agreement by and among the Company and MidCap Funding IV, LLC, as assigned to it from MidCap Financial, LLC, as agent and a lender, bearing an interest rate of 4.25% plus LIBOR, with a 2.5% floor, per year (6.75% at June 30, 2013) and an unused commitment fee of 0.5% per year ($10.8 million outstanding balance at June 30, 2013).  For purposes of calculating interest, all payments the Company makes on the Revolving Credit Agreement are subject to a five business day clearance period.  As of June 30, 2013, the Company was in compliance with all financial covenants. The stated maturity date for this Revolving Credit Agreement is March 25, 2016. At June 30, 2013, the Company had $24.2 million in additional availability under this facility.

The Company's outstanding debt consists of the following:

	June 30, 2013			March 31, 2013
Current:
Revolving line of credit	$	10,761		$	30,000
Discount		(433	)		(473	)
	$	10,328		$	29,527
Noncurrent:
Term loan	$	47,277		$	47,277
Discount		(1,594	)		(1,747	)
	$	45,683		$	45,530