DEBT (Tables)

9 Months Ended

Dec. 31, 2015

Debt as of December 31 and March 31, 2015 consisted of the following (in thousands):



	December 31, 2015			March 31, 2015
6¼% Senior Notes due 2022	$	401,535		$	401,535
Term Loan	339,138			222,179
Revolving Credit Facility	232,050			83,800
Term Loan Credit Facility	200,000			—
Airnorth debt	20,273			23,119
Eastern Airways debt	15,213			19,680
Other debt	14,794			—
3% Convertible Senior Notes due 2038, including zero and $0.9 million of unamortized discount, respectively	—			114,109
Total debt	1,223,003			864,422
Less short-term borrowings and current maturities of long-term debt	(47,243		)	(18,730		)
Total long-term debt	$	1,175,760		$	845,692

Schedule of convertible debt interest expense

Interest expense related to our 3% Convertible Senior Notes for the three and nine months ended December 31, 2015 and 2014 was as follows (in thousands):



	Three Months Ended December 31,				Nine Months Ended December 31,
	2015		2014		2015		2014
Contractual coupon interest	$	—	$	862	$	725	$	2,588
Amortization of debt discount	—		1,054		891		3,121
Total interest expense	$	—	$	1,916	$	1,616	$	5,709