Annual report pursuant to Section 13 and 15(d)

FAIR VALUE DISCLOSURES (Tables)

v3.22.1
FAIR VALUE DISCLOSURES (Tables)
12 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of fair value of debt
The carrying and fair value of the Company’s debt for the periods in the table below were as follows (in thousands):
Carrying
Amount
Level 1 Level 2 Level 3
March 31, 2022
LIABILITIES
6.875% Senior Notes(1)
$ 391,690  $ —  $ 407,436  $ — 
Lombard Debt(2)
133,978  138,328 
$ 525,668  $ —  $ 545,764  $ — 
March 31, 2021
LIABILITIES
6.875% Senior Notes(1)
$ 391,550  $ —  $ 398,870  $ — 
Lombard Debt(2)
146,006  —  155,270  — 
Airnorth Debt(2)
5,631  —  5,656  — 
Humberside Debt 306  —  306  — 
$ 543,493  $ —  $ 560,102  $ — 
_________________ 
(1)The carrying value is net of unamortized deferred financing fees of $8.3 million and $8.5 million for the fiscal years ended March 31, 2022 and 2021, respectively.
(2) The carrying value is net of unamortized discount as follows (in thousands):
Successor
  March 31, 2022 March 31, 2021
Lombard Debt $ 13,112  $ 21,495 
Airnorth Debt —  154 
Total unamortized debt discount $ 13,112  $ 21,649