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DEBT
6 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
DEBT
DEBT

At September 30, 2016 the Company's notes payable consist of a $460.0 million senior revolving credit facility with borrowings of $360.6 million outstanding and $1.5 million standby letters of credit related to workers compensation and surety bonds outstanding. To the extent that the letters of credit are drawn upon, the disbursement will be funded by the credit facility. There are no amounts due related to the letters of credit as of September 30, 2016, and they expire on December 31, 2016. The Letters of Credit are automatically extended for one year on the expiration date. The aggregate commitments will reduce from $460.0 million to $370.0 million on March 31, 2017. The amended facility has an accordion feature pursuant to which the Company may request an increase in the aggregate amount of the commitments under the revolving credit facility, provided that the aggregate amount of the commitments will not exceed $500.0 million. Subject to a borrowing base formula, the Company may borrow at the rate of LIBOR plus 4.0% with a minimum rate of 5.0%.  For the six months ended September 30, 2016 and fiscal year ended March 31, 2016, the Company’s effective interest rate, including the commitment fee and amortization of debt issuance costs, was 5.9% and 5.6%, respectively, and the unused amount available under the revolver at September 30, 2016 was $97.9 million. The revolving credit facility has a commitment fee of 0.50% per annum on the unused portion of the commitment. Borrowings under the revolving credit facility mature on June 15, 2018.

Substantially all of the Company’s assets, excluding the assets of the Company's Mexican subsidiaries, are pledged as collateral for borrowings under the revolving credit agreement.