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DEFERRED COMPENSATION
3 Months Ended
Jun. 30, 2016
Compensation Related Costs [Abstract]  
DEFERRED COMPENSATION
DEFERRED COMPENSATION

As of June 30, 2016, the Company held investments in mutual funds totaling $10.6 million, all of which related to debt and equity securities that are held in a rabbi trust under non-qualified deferred compensation plans. The total related deferred compensation liability was $10.6 million at June 30, 2016. The fair value of debt and equity securities held in the rabbi trust at March 31, 2016 was $9.5 million. The total related deferred compensation liability at March 31, 2016 was $9.5 million.

The securities are classified as trading securities and are recorded on the condensed consolidated balance sheets under "Short-term investments". The liability is recorded on the condensed consolidated balance sheets under “Other long-term liabilities”.