SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

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

Fair Value Measurements of financial assets

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

	As of December 31, 2015
(in thousands)	Level 1		Level 2		Level 3		Total
Restricted cash	$	8,984	$	—	$	—	$	8,984
Interest rate derivatives	—		61		—		61
	$	8,984	$	61	$	—	$	9,045

	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

Schedule of Goodwill

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

(In thousands)	Goodwill
As of March 31, 2015	$	26,701
Goodwill impairment	(18,000		)
As of December 31, 2015	$	8,701

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

(In thousands)	Goodwill
Goodwill	$	32,701
Accumulated impairment losses	(24,000		)
Net goodwill at December 31, 2015	$	8,701

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 Three Months Ended December 31,				For the Nine Months Ended December 31,
(In thousands)	2015		2014		2015		2014
Direct operating	$	3	$	6	$	14	$	12
Selling, general and administrative	347		441		1,410		1,460
	$	350	$	447	$	1,424	$	1,472

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 Three Months Ended December 31,		For the Nine Months Ended December 31,
Assumptions for Option Grants	2015	2014	2015	2014
Range of risk-free interest rates	1.4% - 1.7%	N/A	1.4% - 1.7%	1.6 - 1.8%
Dividend yield	—	N/A	—	—
Expected life (years)	5	N/A	5	5
Range of expected volatilities	70.7% - 71.4%	N/A	70.6% - 71.4%	71.1% - 72.1%