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Fair Value Measurements (Tables) | 12 Months Ended
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Mar. 31, 2023
Fair Value Disclosures [Abstract] |
Summary of Fair Value Measurements | The financial instruments measured at fair value in the accompanying consolidated balance sheets consist of the following:
| Recurring Fair Value Measurements as of March 31, 2023
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Current derivative instruments (2) | $ | — |  |  | $ | 11,245 |  |  | $ | — |  |  | $ | 11,245 |
Long-term derivative instruments (2) | — |  |  | 3,530 |  |  | — |  |  | 3,530 |
Long term deferred compensation plan asset (1) | 20,090 |  |  | — |  |  | — |  |  | 20,090 |
Total Assets | $ | 20,090 |  |  | $ | 14,775 |  |  | $ | — |  |  | $ | 34,865 |
Liabilities: |  |  |  |  |  |  |
Long-term derivative instruments (2) | — |  |  | 1,369 |  |  | — |  |  | 1,369 |
Long term deferred compensation plan liability (1) | 20,090 |  |  | — |  |  | — |  |  | 20,090 |
Total Liabilities | $ | 20,090 |  |  | $ | 1,369 |  |  | $ | — |  |  | $ | 21,459 |
| Recurring Fair Value Measurements as of March 31, 2022
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Long term deferred compensation plan asset (1) | $ | 16,512 |  |  | $ | — |  |  | $ | — |  |  | $ | 16,512 |
Long-term derivative instruments (2) | — |  |  | 4,088 |  |  | — |  |  | 4,088 |
Total Assets | $ | 16,512 |  |  | $ | 4,088 |  |  | $ | — |  |  | $ | 20,600 |
Liabilities: |  |  |  |  |  |  |
Current derivative instruments (2) | $ | — |  |  | $ | 4,324 |  |  | $ | — |  |  | $ | 4,324 |
Long-term derivative instruments (2) | — |  |  | 39 |  |  | — |  |  | 39 |
Long term deferred compensation plan liability (1) | 16,512 |  |  | — |  |  | — |  |  | 16,512 |
Total liabilities | $ | 16,512 |  |  | $ | 4,363 |  |  | $ | — |  |  | $ | 20,875 |
(1) Investments in this category consist of primarily of mutual funds whose fair values are determined by reference to the quoted market price per unit in active markets multiplied by the number of units held without consideration of transaction costs. These assets represent investments held in a consolidated trust to fund the Company's non-qualified deferred compensation plan and are recorded in other long-term assets and other long-term liabilities on our consolidated balance sheets. (2) The Company’s interest rate swaps are considered over-the-counter derivatives and fair value is estimated based on the present value of future cash flows using a model-derived valuation that uses Level 2 observable inputs such as interest rate yield curves. See Note 11, “Derivatives,” to the consolidated financial statements for further discussion on the Company’s derivative instruments designated as cash flow hedges.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The carrying amount and estimated fair value of debt consists of the following:
| March 31, 2023 |  | March 31, 2022
| Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value
New Term Loan A | $ | 1,629,375 |  |  | $ | 1,600,861 |  |  | $ | — |  |  | $ | — |
Existing Term Loan A Loans | — |  |  | — |  |  | 1,241,398 |  |  | 1,218,122 |
Existing Term Loan B Loans | — |  |  | — |  |  | 380,321 |  |  | 379,461 |
3.88% Senior Notes due 2028 | 700,000 |  |  | 638,540 |  |  | 700,000 |  |  | 676,228 |
4.00% Senior Notes due 2029 | 500,000 |  |  | 451,930 |  |  | 500,000 |  |  | 488,335 |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI https://asc.fasb.org/extlink&oid=126976982&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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