Senior Notes and Other Long-Term Debt (Tables)

3 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Components of Long-Term Debt

Total long-term debt consisted of the following as of June 30, 2016 and March 31, 2016:

	As of June 30, 2016			As of March 31, 2016
	(In thousands)
Senior Notes
2020 Notes	$	575,000		$	575,000
Unamortized premium and debt issuance costs on the 2020 Notes, net (2)		330			304
Total senior notes, net		575,330			575,304
Less: current portion of the senior notes		—			—
Total senior notes long-term, net		575,330			575,304
Other Long-Term Debt
Revolving Credit Facility		200,000			180,000
Ex-Im Credit Facility (1)		292,777			218,157
Unamortized discount and debt issuance costs on the Ex-Im Credit Facility (1) (2)		(34,338	)		(28,221	)
Other		568			562
Total other long-term debt, net		459,007			370,498
Less: current portion of other long-term debt, net		277			274
Other long-term debt, net		458,730			370,224
Total debt, net		1,034,337			945,802
Less: current portion		277			274
Long-term debt, net	$	1,034,060		$	945,528

(1) As of June 30, 2016, included in Ex-Im Credit Facility and in unamortized discount and debt issuance costs on the Ex-Im Credit Facility was $28.4 million and $25.4 million, respectively, relating to the exposure fees accrued as of such date expected to be financed under the Ex-Im Credit Facility. As of March 31, 2016, included in Ex-Im Credit Facility and in unamortized discount and debt issuance costs on the Ex-Im Credit Facility was $21.0 million and $18.7 million, respectively, relating to the exposure fees accrued as of such date expected to be financed under the Ex-Im Credit Facility.

(2) During the first quarter of fiscal year 2017, the Company adopted ASU 2015-03. The retrospective basis adoption of this guidance resulted in reclassification of unamortized debt issuance costs as a direct deduction from the carrying amount of the Company’s 2020 Notes and the Ex-Im Credit Facility, respectively, consistent with unamortized discount, as of March 31, 2016.