Net Interest Expense

12 Months Ended

Mar. 31, 2015

Banking And Thrift Interest [Abstract]

Net Interest Expense

(K) Net Interest Expense

The following components are included in interest expense, net:

	For the Years Ended March 31,
	2015			2014			2013
	(dollars in thousands)
Interest Income	$	(6	)	$	(5	)	$	(53	)
Interest Expense		14,768			16,751			14,769
Interest Expense (Income) – IRS		(3,847	)		641			409
Other Expenses		828			895			698
Interest Expense, net	$	11,743		$	18,282		$	15,823

Interest income includes interest on investments of excess cash. Components of interest expense include interest associated with the Senior Notes, Credit Facility and commitment fees based on the unused portion of the Credit Facility. Other expenses include amortization of debt issuance costs, and bank credit facility costs.

Interest expense (income) – IRS relates to interest accrued on our unrecognized tax benefits, primarily related to the Republic Asset Acquisition. As noted in Footnote (H) of the Notes to Consolidated Financial Statements, our settlement with the IRS was finalized.  As a result of the settlement, we received approximately $4.4 million of interest related to penalties paid to the IRS related to the Republic Asset Acquisition.