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DEFERRED COMPENSATION
6 Months Ended
Sep. 30, 2016
Compensation Related Costs [Abstract]  
DEFERRED COMPENSATION
DEFERRED COMPENSATION

As of September 30, 2016, the Company held bank deposits of $0.8 million and investments in mutual funds totaling $11.5 million, all of which related to debt and equity securities that are held in rabbi trusts under non-qualified deferred compensation plans. The total related deferred compensation liability was $12.8 million at September 30, 2016. The fair value of debt and equity securities held in the rabbi trusts at March 31, 2016 was $9.5 million. The total related deferred compensation liability at March 31, 2016 was $10.7 million.

The bank deposits are recorded on the condensed consolidated balance sheets under "Cash and cash equivalents". The securities are classified as trading securities and are recorded on the condensed consolidated balance sheets under "Short-term investments". The liability is recorded on the condensed consolidated balance sheets under “Other long-term liabilities” and "Accrued liabilities".