XML 39 R29.htm IDEA: XBRL DOCUMENT v3.22.2
DEBT (Tables)
3 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Debt
Debt consisted of the following: 
  
June 30, 2022March 31, 2022
  
Interest
Rate
Outstanding
Balance
Interest
Rate
Outstanding
Balance
Term Loan A2.31 %$1,225,276 1.71 %$1,241,398 
Term Loan B2.81 %379,348 2.21 %380,321 
Senior Notes due 20283.88 %700,000 3.88 %700,000 
Senior Notes due 20294.00 %500,000 4.00 %500,000 
Less: Unamortized debt issuance costs and discount on debt(20,748)(21,647)
Total2,783,876 2,800,072 
Less: Current portion of long-term debt(68,379)(68,379)
Long-term debt, net of current portion$2,715,497 $2,731,693 
Schedule of Interest Expense
Interest on debt and debt-like instruments consisted of the following:
Three Months Ended
June 30,
20222021
(In thousands)
Term Loan A Interest Expense$6,359 $5,229 
Term Loan B Interest Expense$2,429 1,801 
Interest on Revolving Credit Facility$— 25 
Senior Notes Interest Expense $11,781 7,559 
Amortization of Debt Issuance Cost (DIC) and Original Issue Discount (OID) (1)
$1,161 1,128 
Interest Swap Expense$2,831 5,443 
Other$94 85 
Total Interest Expense$24,655 $21,270 
(1) DIC and OID on the Term Loans and senior notes are recorded as a reduction of long-term debt in the condensed consolidated balance sheet and are amortized ratably over the life of the related debt using the effective rate method. DIC on the Revolving Credit Facility is recorded as a long-term asset on the condensed consolidated balance sheet and amortized ratably over the term of the Revolving Credit Facility.