Financial Instruments and Fair Value Disclosures (Tables)

9 Months Ended

Dec. 31, 2016

Financial Instruments and Fair Value Disclosures

Schedule of financial derivatives

		December 31, 2016				March 31, 2016
	Other non-current assets		Long-term liabilities		Other non-current assets		Long-term liabilities
Derivatives not designated as hedging instruments	Derivative instruments		Derivative instruments		Derivative instruments		Derivative instruments
Interest rate swap agreements	$	4,961,435	$	69,750	$	—	$	21,647,965

Schedule of effect of derivative instruments on the consolidated statement of operations

		Three months ended
Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	December 31, 2016		December 31, 2015
Interest Rate Swap—Change in fair value	Unrealized gain on derivatives	$	24,381,306	$	7,389,868
Interest Rate Swap—Realized loss	Realized loss on derivatives		(8,390,014)		(2,007,426)
Gain/(loss) on derivatives, net		$	15,991,292	$	5,382,442

		Nine months ended
Derivatives not designated as hedging instruments	Location of gain/(loss) recognized	December 31, 2016		December 31, 2015
Interest Rate Swap—Change in fair value	Unrealized gain on derivatives	$	26,539,650	$	3,665,324
Interest Rate Swap—Realized loss	Realized loss on derivatives		(12,980,717)		(4,482,250)
Gain/(loss) on derivatives, net		$	13,558,933	$	(816,926)