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DEBT (Tables)

6 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following: 

			September 30, 2022												March 31, 2022
			Interest Rate						Outstanding Balance						Interest Rate						Outstanding Balance
New Term Loan A			3.97		%				$	1,650,000					—		%				$	—
Existing Term Loan A Loans			—		%				—						1.71		%				1,241,398
Existing Term Loan B Loans			—		%				—						2.21		%				380,321
Senior Notes due 2028			3.88		%				700,000						3.88		%				700,000
Senior Notes due 2029			4.00		%				500,000						4.00		%				500,000
Less: Unamortized debt issuance costs and discount on debt									(18,739)												(21,647)
Total									2,831,261												2,800,072
Less: Current portion of long-term debt									(41,250)												(68,379)
Long-term debt, net of current portion									$	2,790,011											$	2,731,693

The following table summarizes interest payments made on Existing Term Loan A and Existing Term Loan B:

			Three Months Ended September 30,												Six Months Ended September 30,
			2022						2021						2022						2021
Existing Term Loan A			$	7,846					$	5,577					$	14,165					$	10,464
Existing Term Loan B			2,793						1,806						5,209						3,606
Total			$	10,639					$	7,383					$	19,374					$	14,070

Schedule of Interest Expense

Interest on debt and debt-like instruments consisted of the following:

			Three Months Ended September 30,												Six Months Ended September 30,
			2022						2021						2022						2021
			(In thousands)												(In thousands)
New Term Loan A Interest Expense			$	5,142					$	—					$	5,142					$	—
Existing Term Loan A Loans Interest Expense			6,976						5,234						13,335						10,463
Existing Term Loan B Loans Interest Expense			2,757						1,805						5,186						3,606
Interest on Revolving Credit Facility			—						—						—						25
Senior Notes Interest Expense			11,781						11,781						23,562						19,340
Amortization of Debt Issuance Cost (DIC) and Original Issue Discount (OID) (1)			1,126						1,165						2,287						2,294
Interest Swap Expense			397						4,087						3,228						9,530
Other			163						182						257						266
Total Interest Expense			$	28,342					$	24,254					$	52,997					$	45,524

(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.

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