SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2016

Schedule of property and equipment estimated useful lives

Property and equipment are carried at cost, less accumulated depreciation and amortization, computed on a straight-line basis over the estimated useful lives of the assets as follows:



Machinery and equipment	3 to 5 years
Computer equipment	3 to 5 years
ERP software	10 years
Other software	3 years
Furniture and fixtures	5 years
Other office equipment	5 years
Leasehold improvements	Life of lease

Schedule of assets measured and recorded at fair value on a recurring basis

The assets measured and recorded at fair value on a recurring basis consist of money market funds which are valued using quoted market prices at the respective balance sheet dates and are level 1 fair value measurements (in thousands):



	As of March 31,
	2016		2015
Money market funds	$	1,640	$	34,278

Schedule of carrying value and fair value of financial liabilities

The carrying value and fair value were as follows (in thousands):



	As of March 31,
	2016				2015
	Carrying Value		Fair Value		Carrying Value		Fair Value
Convertible subordinated debt⁽¹⁾	$	69,253	$	51,686	$	152,138	$	166,551
Long-term debt⁽²⁾	$	65,709	$	65,741	$	—	$	—




	⁽¹⁾ Fair value based on quoted market prices in less active markets (level 2).
	⁽²⁾ Fair value based on outstanding borrowings and market interest rates (level 2)