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Long-Term Debt (Tables)
12 Months Ended
Mar. 31, 2013
Long-Term Debt  
Summary of long-term debt

 

Long-term debt consists of the following as of March 31, 2013 and 2012 as follows:

 

 

 

2013

 

2012

 

 

 

(in thousands)

 

Term loans

 

$

5,582

 

$

634

 

Less current maturities

 

(128

)

(234

)

Long-term debt, excluding current maturities

 

$

5,454

 

$

400

 

 

Schedule of future principal payments under the loan agreements

 

Future principal payments under the loan agreements as of March 31, 2013 are as follows:

 

Year ending March 31

 

(in thousands)

 

2014

 

$

128

 

2015

 

204

 

2016

 

203

 

2017

 

199

 

2018

 

206

 

Thereafter

 

4,642

 

Total principal payments

 

$

5,582