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DEBT (Tables) | 12 Months Ended
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Mar. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | Debt consisted of the following:
| March 31, 2022 |  | March 31, 2021
| Interest Rate |  | Outstanding Balance |  | Interest Rate |  | Outstanding Balance
Term Loan A | 1.71 | % |  | $ | 1,241,398 |  |  | 1.61 | % |  | $ | 1,289,764 |
Term Loan B | 2.21 | % |  | 380,321 |  |  | 1.86 | % |  | 384,212 |
Revolver | — | % |  | — |  |  | — | % |  | — |
Senior Notes due 2028 | 3.88 | % |  | 700,000 |  |  | 3.88 | % |  | 700,000 |
Senior Notes due 2029 | 4.00 | % |  | 500,000 |  |  | — | % |  | — |
Less: Unamortized debt issuance costs and discount on debt |  |  | (21,647) |  |  |  |  | (17,380) |
Total |  |  | 2,800,072 |  |  |  |  | 2,356,596 |
Less: Current portion of long-term debt |  |  | (68,379) |  |  |  |  | (77,865) |
Long-term debt, net of current portion |  |  | $ | 2,731,693 |  |  |  |  | $ | 2,278,731 |
Schedule of Future Debt Principal Repayments | The following table summarizes required future debt principal repayments:
|  | Payments Due By March 31,
|  | Total |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 |  | Thereafter
Term Loan A |  | $1,241,398 |  | $64,488 |  | $64,488 |  | $64,488 |  | $64,488 |  | $983,446 |  | —
Term Loan B |  | 380,321 |  | 3,891 |  | 3,891 |  | 3,891 |  | 3,891 |  | 364,757 |  | —
Senior Notes 2028 |  | 700,000 |  | — |  | — |  | — |  | — |  | — |  | 700,000
Senior Notes 2029 |  | 500,000 |  | — |  | — |  | — |  | — |  | — |  | 500,000
Interest on indebtedness |  | 446,697 |  | 76,677 |  | 75,550 |  | 74,270 |  | 73,067 |  | 56,445 |  | 90,688
Total |  | $3,268,416 |  | $145,056 |  | $143,929 |  | $142,649 |  | $141,446 |  | $1,404,648 |  | $1,290,688
Schedule of Interest Expense | Interest on debt and debt-like instruments consisted of the following:
| Fiscal Year Ended March 31,
| 2022 |  | 2021 |  | 2020
Term Loan A Interest Expense | $ | 19,570 |  |  | $ | 23,541 |  |  | $ | 50,080 |
Term Loan B Interest Expense | 7,207 |  |  | 7,787 |  |  | 15,739 |
Interest on Revolving Credit Facility | 25 |  |  | 799 |  |  | 92 |
Senior Notes Interest Expense | 42,902 |  |  | 23,476 |  |  | 17,938 |
Deferred Payment Obligation Interest (1) | — |  |  | — |  |  | 5,740 |
Amortization of Debt Issuance Costs (DIC) and Original Issue Discount (OID) (2) | 4,619 |  |  | 4,396 |  |  | 4,688 |
Interest Swap Expense | 17,535 |  |  | 20,558 |  |  | 2,094 |
Other | 494 |  |  | 713 |  |  | 589 |
Total Interest Expense | $ | 92,352 |  |  | $ | 81,270 |  |  | $ | 96,960 |
(1) In connection with Carlyle Group indirectly acquiring all of the issued and outstanding stock of the Company on July 31, 2008, the Company established a Deferred Payment Obligation, payable 8.5 years after the closing date, or until settlement of all outstanding claims, less any settled claims. All remaining potential claims outstanding that were able to be indemnified under the Deferred Payment Obligation related to former officers and stockholders' lawsuits, were all settled as of December 31, 2019. Interest payments on the Deferred Payment Obligation were made twice a year in January and July. The final payment was made during fiscal 2020. (2) DIC and OID on the Term Loans and Senior Notes are recorded as a reduction of long-term debt in the consolidated balance sheet and are amortized ratably over the life of the related debt using the effective rate method. DIC on the Company's Revolving Credit Facility is recorded as a long-term asset on the consolidated balance sheet and amortized ratably over the term of the Revolving Credit Facility.

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