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NON-CONTROLLING INTERESTS
12 Months Ended
Mar. 31, 2016
Noncontrolling Interest [Abstract]  
NON-CONTROLLING INTERESTS
NONCONTROLLING INTERESTS
During fiscal year 2014, a previously wholly-owned subsidiary of the Company received $38.6 million in exchange for issuing a noncontrolling equity interest to certain third party investors for an ownership interest of less than 20% of the outstanding shares in the subsidiary. The Company continues to own a majority of the subsidiary's outstanding equity and also controls the subsidiary's board of directors. Accordingly, the consolidated financial statements include the financial position and results of operations of this subsidiary as of March 31, 2016 and for the year then ended.
The Company has recognized the carrying value of the noncontrolling interest as a component of total shareholders' equity. The operating results of the subsidiary attributable to the noncontrolling interest were losses of $6.7 million, $4.3 million, and $0.4 million for fiscal years 2016, 2015 and 2014, respectively, which were classified as a component of interest and other, net, in the Company's consolidated statements of operations.