NOTES PAYABLE (Tables)

6 Months Ended

Sep. 30, 2016

Debt Instrument [Line Items]

Schedule of Notes Payable

Notes payable consisted of the following:

	September 30, 2016					March 31, 2016
(In thousands)	Current Portion		Long Term Portion			Current Portion		Long Term Portion
2013 Term Loans, net of debt discount	$	12,101	$	—		$	21,188	$	9,738
Prospect Loan	—		65,640			—		66,543
KBC Facilities	7,646		6,047			7,646		10,998
P2 Vendor Note	185		250			161		310
P2 Exhibitor Notes	82		66			79		107
Total non-recourse notes payable	20,014		72,003			29,074		87,696
Less: Unamortized debt issuance costs	—		(3,747		)	—		(4,458		)
Total non-recourse notes payable, net of unamortized debt issuance costs	$	20,014	$	68,256		$	29,074	$	83,238
5.5% Convertible Notes Due 2035	$	—	$	64,000		$	—	$	64,000
Second Secured Lien Notes	—		3,601			—		—
Cinedigm Revolving Loans	—		16,899			—		21,927
2013 Notes	—		4,239			—		4,079
Total recourse notes payable	—		88,739			—		90,006
Less: Unamortized debt issuance costs	—		(4,155		)	—		(3,068		)
Total recourse notes payable, net of unamortized debt issuance costs	$	—	$	84,584		$	—	$	86,938
Total notes payable, net of unamortized debt issuance costs	$	20,014	$	152,840		$	29,074	$	170,176

Schedule of Credit Facilities

The following table presents a summary of the KBC Facilities (dollar amounts in thousands):

						Outstanding Principal Balance
Facility1	Credit Facility		Interest Rate2		Maturity Date	September 30, 2016		March 31, 2016
1	$	22,336	3.75	%	September 2018	$	5,584	$	7,180
2	13,312		3.75	%	March 2018	1,957		4,034
3	11,425		3.75	%	March 2019	4,080		4,896
4	6,450		3.75	%	September 2018	2,072		2,534
	$	53,523				$	13,693	$	18,644

^1.  For each facility, principal is to be repaid in twenty-eight quarterly installments.

^2.  Each of the facilities bears interest at the three-month LIBOR rate, which was 0.65% at September 30, 2016, plus the interest rate noted above.

Schedule of Assumptions for Fair Value of Warrant LIabilities

We allocated a fair value of $1.6 million to the 2013 Warrants

2013 Term Loans

Debt Instrument [Line Items]

Schedule of Debt Outstanding

The balance of the 2013 Term Loans, net of the original issue discount, was as follows:

(In thousands)	September 30, 2016			March 31, 2016
2013 Term Loans, at issuance, net	$	125,087		$	125,087
Payments to date	(112,880		)	(94,043		)
Discount on 2013 Term Loans	(106		)	(118		)
2013 Term Loans, net	12,101			30,926
Less current portion	(12,101		)	(21,188		)
Total long term portion	$	—		$	9,738

Prospect Loan

Debt Instrument [Line Items]

Schedule of Debt Outstanding

The following table summarizes the activity related to the Prospect Loan:

(In thousands)	September 30, 2016			March 31, 2016
Prospect Loan, at issuance	$	70,000		$	70,000
PIK Interest	4,778			4,778
Payments to date	(9,138		)	(8,235		)
Prospect Loan, net	65,640			66,543
Less current portion	—			—
Total long term portion	$	65,640		$	66,543