Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE DISCLOSURES (Tables)

v3.22.0.1
FAIR VALUE DISCLOSURES (Tables)
9 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value of debt
The carrying and fair values of the Company’s debt are as follows (in thousands):
Carrying
Amount
Level 1 Level 2 Level 3
December 31, 2021
LIABILITIES
6.875% Senior Notes(1)
$ 391,590  $ —  $ 423,817  $ — 
Lombard Debt 139,222  —  146,086  — 
Airnorth Debt —  —  —  — 
Humberside Debt —  —  —  — 
$ 530,812  $ —  $ 569,903  $ — 
March 31, 2021
LIABILITIES
6.875% Senior Notes(1)
$ 391,550  $ —  $ 398,870  $ — 
Lombard Debt 146,006  —  155,270  — 
Airnorth Debt 5,631  —  5,656  — 
Humberside Debt 306  —  306  — 
$ 543,493  $ —  $ 560,102  $ — 
_________________ 
(1)The carrying value of the 6.875% Senior Notes is net of unamortized debt issuance costs of $8.4 million.
The carrying values are net of unamortized discounts as follows (in thousands):
  December 31, 2021 March 31, 2021
Lombard Debt $ 15,371  $ 21,495 
Airnorth Debt —  154 
Total unamortized debt discount $ 15,371  $ 21,649 
Rollforward of Preferred Stock Embedded Derivative Level 3 Fair Value Measurements
The following table provides a rollforward of the preferred stock embedded derivative Level 3 fair value measurements for the nine months ended December 31, 2020:
Significant Unobservable Inputs (Level 3)
Derivative financial instruments: (in thousands)
March 31, 2020 $ 286,182 
Change in fair value
(15,416)
Preferred stock shares conversion
(266,846)
Share repurchases (3,920)
December 31, 2020 $ —