NOTES PAYABLE (Tables)

9 Months Ended

Dec. 31, 2015

Debt Instrument [Line Items]

Schedule of Notes Payable

Notes payable consisted of the following:

	December 31, 2015					March 31, 2015
(In thousands)	Current Portion		Long Term Portion			Current Portion		Long Term Portion
2013 Term Loans, net of debt discount	$	23,063	$	15,956		$	25,125	$	36,418
Prospect Loan	—		66,965			—		67,967
KBC Facilities	7,646		13,630			7,649		19,361
P2 Vendor Note	149		331			125		393
P2 Exhibitor Notes	78		127			74		186
Total non-recourse notes payable	30,936		97,009			32,973		124,325
Less: Unamortized debt issuance costs	—		(4,834		)	—		(5,938		)
Total non-recourse notes payable, net of unamortized debt issuance costs	$	30,936	$	92,175		$	32,973	$	118,387
5.5% Convertible Notes Due 2035	$	—	$	64,000		$	—	$	—
Cinedigm Term Loans	—		—			—		17,965
Cinedigm Revolving Loans	—		21,927			24,294		—
2013 Notes	—		4,001			—		3,785
Total recourse notes payable	—		89,928			24,294		21,750
Less: Unamortized debt issuance costs	—		(3,231		)	—		(750		)
Total recourse notes payable, net of unamortized debt issuance costs	$	—	$	86,697		$	24,294	$	21,000
Total notes payable, net of unamortized debt issuance costs	$	30,936	$	178,872		$	57,267	$	139,387

Schedule of Credit Facilities

The following table presents a summary of the KBC Facilities (dollar amounts in thousands):

						Outstanding Principal Balance
Facility1	Credit Facility		Interest Rate2		Maturity Date	December 31, 2015		March 31, 2015
1	$	22,336	3.75	%	September 2018	$	7,978	$	10,371
2	13,312		3.75	%	March 2018	5,230		6,656
3	11,425		3.75	%	March 2019	5,304		6,528
4	6,450		3.75	%	September 2018	2,764		3,455
	$	53,523				$	21,276	$	27,010

^1.  For each facility, principal is to be repaid in twenty-eight quarterly installments.

^2.  Each of the facilities bears interest at the three-month LIBOR rate, which was 0.61% at December 31, 2015, plus the interest rate noted above.

Schedule of Assumptions for Fair Value of Warrant LIabilities

We allocated a proportional value of $1.6 million to the 2013 Warrants using a Black-Scholes option valuation model with the following assumptions:

Risk free interest rate	1.38	%
Dividend yield	—
Expected life (years)	5
Expected volatility	76.25	%

2013 Term Loans

Debt Instrument [Line Items]

Schedule of Debt Outstanding

The balance of the 2013 Term Loans, net of the original issue discount, was as follows:

(In thousands)	December 31, 2015			March 31, 2015
2013 Term Loans, at issuance, net	$	125,087		$	125,087
Payments to date	(85,931		)	(63,348		)
Discount on 2013 Term Loans	(137		)	(196		)
2013 Term Loans, net	39,019			61,543
Less current portion	(23,063		)	(25,125		)
Total long term portion	$	15,956		$	36,418

Prospect Loan

Debt Instrument [Line Items]

Schedule of Debt Outstanding

The following table summarizes the activity related to the Prospect Loan:

(In thousands)	December 31, 2015			March 31, 2015
Prospect Loan, at issuance	$	70,000		$	70,000
PIK Interest	4,778			3,640
Payments to date	(7,813		)	(5,673		)
Prospect Loan, net	66,965			67,967
Less current portion	—			—
Total long term portion	$	66,965		$	67,967