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COMMITMENTS AND CONTINGENCIES
9 Months Ended
Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES

LEASES

Our capital lease obligations are primarily related to computer equipment.
On October 28, 2016, we entered into an agreement to fully terminate our lease obligation on the Pavilion Theater, a facility that was accounted for as a capital lease and for which we were considered the primary obligor. Contemporaneously, we also terminated a sublease agreement that we had with the tenant of the Pavilion Theater. As a result of the lease termination, we wrote off the property and equipment and capital lease obligation related to the facility and recognized a gain on the transaction of $2.5 million, recorded as Gain on Termination of Capital Lease in our Condensed Consolidated Statements of Operations for the three and nine months ended December 31, 2016.
We also operate from leased properties under non-cancelable operating lease agreements, certain of which contain escalating lease clauses. In January 2017, we entered into an agreement to terminate the operating lease on our corporate office space in Century City, California and entered into a new operating lease for office space in Sherman Oaks, California. See Note 11 - Subsequent Events for the full details of the lease termination transaction.