SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

Information related to the goodwill allocated to our Content & Entertainment segment is as follows:

(In thousands)	Goodwill
As of April 1, 2014	$	25,494
Measurement period adjustments to the GVE Acquisition	7,207
Goodwill impairment	(6,000		)
As of March 31, 2015	26,701
Goodwill impairment	(18,000		)
As of March 31, 2016	$	8,701

Gross amounts of goodwill and accumulated impairment charges that we have recorded are as follows:

(In thousands)
Goodwill	$	32,701
Accumulated impairment losses	(24,000		)
Net goodwill at March 31, 2016	$	8,701

Estimated useful lives of Property and equipment

Depreciation expense is recorded using the straight-line method over the estimated useful lives of the respective assets as follows:

Computer equipment and software	3 - 5 years
Digital cinema projection systems	10 years
Machinery and equipment	3 - 10 years
Furniture and fixtures	3 - 6 years

PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following:

	As of March 31,
(In thousands)	2016			2015
Leasehold improvements	$	824		$	821
Computer equipment and software	9,400			9,590
Digital cinema projection systems	360,651			360,744
Machinery and equipment	592			546
Furniture and fixtures	382			380
	371,849			372,081
Less - accumulated depreciation and amortization	(310,109		)	(273,520		)
Total property and equipment, net	$	61,740		$	98,561

Fair Value Measurements of financial assets

The following tables summarize the levels of fair value measurements of our financial assets and liabilities:

	As of March 31, 2016
(In thousands)	Level 1		Level 2		Level 3		Total
Restricted cash	$	8,983	$	—	$	—	$	8,983
Interest rate derivatives	—		12		—		12
	$	8,983	$	12	$	—	$	8,995

	As of March 31, 2015
(In thousands)	Level 1		Level 2		Level 3		Total
Restricted cash	$	6,751	$	—	$	—	$	6,751
Interest rate derivatives	—		208		—		208
	$	6,751	$	208	$	—	$	6,959

Employee stock-based compensation expense related to stock-based awards

Employee and director stock-based compensation expense from continuing operations related to our stock-based awards was as follows:

	For the Fiscal Year Ended March 31,
(In thousands)	2016		2015
Direct operating	$	16	$	17
Selling, general and administrative	1,816		2,134
Total stock-based compensation expense	$	1,832	$	2,151

Assumptions used in Black-Scholes option valuation model for estimating fair value of options

We estimated the fair value of stock options at the date of each grant using a Black-Scholes option valuation model with the following assumptions:

	For the Fiscal Year Ended March 31,
Assumptions for Option Grants	2016	2015
Range of risk-free interest rates	1.4% - 1.7%	1.4% - 1.8%
Dividend yield	—	—
Expected life (years)	5	5
Range of expected volatilities	70.6 - 72.5%	70.4% - 72.1%