Line of Credit (Notes)

6 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

LIne of Credit

Line of Credit

On January 4, 2016, we entered into a $250,000 revolving credit agreement (“Credit Agreement”) with JP Morgan Chase Bank, N.A., as administrative agent, U.S. Bank National Association, as syndication agent, and certain other lenders. The credit agreement is secured by substantially all of our existing and future property and material domestic subsidiaries. The Credit Agreement provides a subfacility of up to $10,000 for letters of credit and a subfacility of up to $10,000 for swing-line loans. The Credit Agreement matures on January 4, 2021 and the full balance of the revolving loans and all other obligations under the agreement must be paid at that time. The revolving loans under the Credit Agreement will be available for letters of credit, working capital and general corporate purposes. We were in compliance with all covenants under the Credit Agreement as of September 30, 2016.

As of September 30, 2016, we had $48,000 in outstanding loans and $202,000 of unused credit under the Credit Agreement.

During the three months endedSeptember 30, 2016, we recorded $532 of interest expense and $269 in amortization of deferred debt issuance costs related to the Credit Agreement. During the six months endedSeptember 30, 2016, we recorded $1,272 of interest expense and $538 in amortization of deferred debt issuance costs related to the Credit Agreement.