DEBT (Tables)

12 Months Ended

Mar. 31, 2022

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.