Senior Notes and Other Long-Term Debt (Tables)

12 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Components of Long-Term Debt

Total long-term debt consisted of the following as of March 31, 2017 and 2016:

	As of March 31, 2017			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)		380			304
Total senior notes, net		575,380			575,304
Less: current portion of the senior notes		—			—
Total senior notes long-term, net		575,380			575,304
Other Long-Term Debt
Revolving Credit Facility		—			180,000
Ex-Im Credit Facility (1)		304,134			218,157
Unamortized discount and debt issuance costs on the Ex-Im Credit Facility (1) (2)		(31,031	)		(28,221	)
Other		288			562
Total other long-term debt, net		273,391			370,498
Less: current portion of other long-term debt, net		288			274
Other long-term debt, net		273,103			370,224
Total debt, net		848,771			945,802
Less: current portion		288			274
Long-term debt, net	$	848,483		$	945,528

(1) As of March 31, 2017, included in Ex-Im Credit Facility and in unamortized discount and debt issuance costs on the Ex-Im Credit Facility was $29.5 million and $23.0 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.

Aggregate Payments on Long-Term Debt Obligations

The estimated aggregate amounts and timing of payments on the Company’s long-term debt obligations as of March 31, 2017 for the next five fiscal years and thereafter were as follows (excluding the effects of premium accretion on the 2020 Notes and discount accretion under the Ex-Im Credit Facility):

For the Fiscal Years Ending
	(In thousands)
2018	$	288
2019		38,017
2020		38,017
2021		613,017
2022		38,017
Thereafter		152,066
		879,422
Plus: unamortized premium (discount)		(30,651	)
Total	$	848,771