STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Mar. 31, 2016

The following table summarizes the activity of the Plan related to shares issuable pursuant to outstanding options:



	Shares Under Option		Weighted Average Exercise Price Per Share
Balance at March 31, 2014	607,299		$	17.40
Granted	86,163		15.10
Exercised	(14,100	)	14.10
Canceled	(88,494	)	27.40
Balance at March 31, 2015	590,868		17.40
Granted	18,500		7.94
Exercised	(2,500	)	15.10
Canceled	(244,596	)	17.59
Balance at March 31, 2016	362,272		16.50

Schedule of Options Outstanding Under the Plan

An analysis of all options outstanding under the Plan as of March 31, 2016 is as follows:



Range of Prices	Options Outstanding	Weighted Average Remaining Life in Years	Weighted Average Exercise Price		Aggregate Intrinsic Value (In thousands)
$5.40 - $8.90	6,500	9.5	$	6.03	$	—
$9.00 - $13.70	26,500	5.8	11.93		—
$14.00 - $23.50	290,018	7.2	14.92		—
$24.40 - $50.00	34,500	7.6	27.42		—
$51.60 - $93.60	3,900	1.3	67.17		—
$102.50 - $102.50	854	0.5	102.50		—
	362,272				$	—

An analysis of all options exercisable under the Plan as of March 31, 2016 is presented below:



Options Exercisable	Weighted Average Remaining Life in Years	Weighted Average Exercise Price		Aggregate Intrinsic Value (In thousands)
221,805	6.51	$	16.74	$	—

Schedule of Restricted Stock Awards

Schedule of Stockholders' Equity Note, Warrants or Rights

The following table presents information about outstanding warrants to purchase shares of our Class A common stock as of March 31, 2016. All of the outstanding warrants are fully vested and exercisable.



Recipient	Amount outstanding	Expiration	Exercise price per share
Sageview Capital, L.P	1,673,282	August 2016	$13.10
Strategic management service provider	52,500	July 2021	$17.20 - $30.00
Warrants issued to creditors in connection with the 2013 Notes (the "2013 Warrants")	125,063	October 2018	$18.50

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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