FAIR VALUE DISCLOSURES (Tables)

3 Months Ended

Jun. 30, 2017

Schedule of fair value assets measured on non-recurring basis

The following table summarizes the assets as of June 30, 2017, valued at fair value on a non-recurring basis (in thousands):



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of June 30, 2017		Total Loss for the Three Months Ended June 30, 2017
Inventories	$	—	$	1,252	$	—	$	1,252	$	(1,192	)
Assets held for sale	—		34,585		—		34,585		(1,564		)
Total assets	$	—	$	35,837	$	—	$	35,837	$	(2,756	)

The following table summarizes the assets as of June 30, 2016, valued at fair value on a non-recurring basis (in thousands):



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of June 30, 2016		Total Loss for the Three Months Ended June 30, 2016
Assets held for sale	$	—	$	40,572	$	—	$	40,572	$	(10,149	)
Total assets	$	—	$	40,572	$	—	$	40,572	$	(10,149	)

Schedule of fair value assets measured on recurring basis

The following table summarizes the financial instruments we had as of June 30, 2017, valued at fair value on a recurring basis (in thousands):



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of June 30, 2017		Balance Sheet Classification
Rabbi Trust investments	$	2,201	$	—	$	—	$	2,201	Other assets
Total assets	$	2,201	$	—	$	—	$	2,201

The following table summarizes the financial instruments we had as of March 31, 2017, valued at fair value on a recurring basis (in thousands):



	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance as of March 31, 2017		Balance Sheet Classification
Rabbi Trust investments	$	3,075	$	—	$	—	$	3,075	Other assets
Total assets	$	3,075	$	—	$	—	$	3,075

Schedule of fair value of debt

The carrying and fair value of our long-term debt, including the current portion and excluding unamortized debt issuance costs, are as follows (in thousands):



	June 30, 2017				March 31, 2017
	Carrying Value		Fair Value		Carrying Value		Fair Value
6¼% Senior Notes	$	401,535	$	252,967	$	401,535	$	323,236
Term Loan	253,180		253,180		261,907		261,907
Term Loan Credit Facility	45,900		45,900		45,900		45,900
Revolving Credit Facility	174,500		174,500		139,100		139,100
Lombard Debt	202,514		202,514		196,832		196,832
Macquarie Debt	195,528		195,528		200,000		200,000
Airnorth Debt	15,826		15,826		16,471		16,471
Eastern Airways Debt	14,701		14,701		15,326		15,326
Other Debt	—		—		16,293		16,293
	$	1,303,684	$	1,155,116	$	1,293,364	$	1,215,065