XML 46 R35.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value Measurements (Tables)
 9 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Carrying values and estimated fair values of the Company's long-term obligations and other financial instruments
The carrying values and estimated fair values of the Company’s long-term obligations and other financial instruments are as follows:
 
December 31, 2014
 
March 31, 2014
 
Carrying Value
 
Estimated Fair
Value
 
Carrying Value
 
Estimated Fair
Value
 
(In thousands)
 
(In thousands)
Asset (liability):
 
 
 
 
 
 
 
Senior secured notes (a)
$
(766,058
)
 
$
(38,305
)
 
$
(734,474
)
 
$
(560,955
)
Convertible senior subordinated notes (a)
(51,900
)
 
(519
)
 
(51,900
)
 
(12,988
)
Commodity swap / forward (b)
(1,293
)
 
(1,293
)
 
(1,709
)
 
(1,709
)
(a) Classified as liabilities subject to compromise
(b) These financial instruments are required to be measured at fair value, and are based on inputs as described in the three-tier hierarchy that prioritizes inputs used in measuring fair value as of the reported date:
Financial instruments that are measured at fair value on a recurring basis
The following table represents the Company's financial instruments that are measured at fair value on a recurring basis, and the basis for that measurement:
 
Total
Fair Value
Measurement
 
Quoted Price in
Active Markets
for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
(In thousands)
As of December 31, 2014
 
 
 
 
 
 
 
Liability:
 
 
 
 
 
 
 
Commodity swap / forward
$
(1,293
)
 
$
—

 
$
(1,293
)
 
$
—

 
 
 
 
 
 
 
 
As of March 31, 2014
 
 
 
 
 
 
 
Liability:
 
 
 
 
 
 
 
Commodity swap / forward
(1,709
)
 
—

 
(1,709
)
 
—