Debt (Tables)

3 Months Ended

Jun. 30, 2023

Debt consisted of the following:


	June 30, 2023				March 31, 2023
	Interest Rate		Outstanding Balance		Interest Rate		Outstanding Balance
Term Loan A	6.45	%	$	1,619,063	5.97	%	$	1,629,375


Revolver	8.50	%	75,000		—	%	—
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			(16,480)				(17,230)
Total			2,877,583				2,812,145
Less: Current portion of long-term debt			(116,250)				(41,250)
Long-term debt, net of current portion			$	2,761,333			$	2,770,895

The following table summarizes interest payments made on the Company’s term loans:


	Three Months Ended June 30,
		2023		2022
Term Loan A		$	26,091	$	6,319
Term Loan B		—		2,417
Total		$	26,091	$	8,736

Schedule of Interest Expense

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


	Three Months Ended June 30,
		2023		2022
	(In thousands)
Term Loan A Loans Interest Expense		26,103		6,359
Term Loan B Loans Interest Expense		—		2,429
Interest on Revolving Credit Facility		17		—
Senior Notes Interest Expense		11,781		11,781
Amortization of Debt Issuance Cost (DIC) and Original Issue Discount (OID) (1)		1,027		1,161
Interest Swap (Income) Expense		(3,568)		2,831
Other		114		94
Total Interest Expense		$	35,474	$	24,655

(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.