FAIR VALUE DISCLOSURES (Tables)

6 Months Ended

Sep. 30, 2017

Schedule of fair value assets measured on non-recurring basis

The following table summarizes the assets as of September 30, 2017, valued at fair value on a non-recurring basis (in thousands):



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of September 30, 2017		Total Loss for the Three Months Ended September 30, 2017			Total Loss for the Six Months Ended September 30, 2017
Inventories	$	—	$	1,218	$	—	$	1,218	$	—		$	(1,192	)
Assets held for sale	—		36,167		—		36,167		(8,183		)	(9,747		)
Total assets	$	—	$	37,385	$	—	$	37,385	$	(8,183	)	$	(10,939	)

The following table summarizes the assets as of September 30, 2016, valued at fair value on a non-recurring basis (in thousands):



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of September 30, 2016		Total Loss for the Three Months Ended September 30, 2016			Total Loss for the Six Months Ended September 30, 2016
Inventories	$	—	$	56,355	$	—	$	56,355	$	(7,572	)	$	(7,572	)
Assets held for sale	—		40,338		—		40,338		(1,011		)	(11,160		)
Total assets	$	—	$	96,693	$	—	$	96,693	$	(8,583	)	$	(18,732	)

Schedule of fair value assets measured on recurring basis

The following table summarizes the financial instruments we had as of September 30, 2017, valued at fair value on a recurring basis (in thousands):



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of September 30, 2017		Balance Sheet Classification
Rabbi Trust investments	$	2,695	$	—	$	—	$	2,695	Other assets
Total assets	$	2,695	$	—	$	—	$	2,695

The following table summarizes the financial instruments we had as of March 31, 2017, valued at fair value on a recurring basis (in thousands):



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of March 31, 2017		Balance Sheet Classification
Rabbi Trust investments	$	3,075	$	—	$	—	$	3,075	Other assets
Total assets	$	3,075	$	—	$	—	$	3,075

Schedule of fair value of debt

The carrying and fair value of our long-term debt, including the current portion and excluding unamortized debt issuance costs, are as follows (in thousands):



	September 30, 2017				March 31, 2017
	Carrying Value		Fair Value		Carrying Value		Fair Value
6¼% Senior Notes	$	401,535	$	281,075	$	401,535	$	323,236
Term Loan	150,835		150,835		261,907		261,907
Term Loan Credit Facility	28,929		28,929		45,900		45,900
Revolving Credit Facility	89,100		89,100		139,100		139,100
Lombard Debt	207,153		207,153		196,832		196,832
Macquarie Debt	192,028		192,028		200,000		200,000
PK Air Debt	230,000		230,000		—		—
Airnorth Debt	15,193		15,193		16,471		16,471
Eastern Airways Debt	14,597		14,597		15,326		15,326
Other Debt	—		—		16,293		16,293
	$	1,329,370	$	1,208,910	$	1,293,364	$	1,215,065