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Debt (Tables) | 12 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Debt | Debt consisted of the following on the dates below:
| March 31, 2024 |  | March 31, 2023
| Interest Rate |  | Outstanding Balance |  | Interest Rate |  | Outstanding Balance
Term Loan A | 6.677 | % |  | $ | 1,588,125 |  |  | 5.970 | % |  | $ | 1,629,375 |
Senior Notes due 2028 | 3.875 | % |  | 700,000 |  |  | 3.875 | % |  | 700,000 |
Senior Notes due 2029 | 4.000 | % |  | 500,000 |  |  | 4.000 | % |  | 500,000 |
Senior Notes due 2033 | 5.950 | % |  | 650,000 |  |  | — | % |  | — |
Less: Unamortized debt issuance costs and discount on debt |  | (26,309) |  |  |  |  | (17,230) |
Total |  | 3,411,816 |  |  |  |  | 2,812,145 |
Less: Current portion of long-term debt |  | (61,875) |  |  |  |  | (41,250) |
Long-term debt, net of current portion |  | $ | 3,349,941 |  |  |  |  | $ | 2,770,895 |
The following table summarizes interest payments made on the Company’s term loans:
| Three Months Ended March 31, |  | Fiscal Year Ended March 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Term Loan A | 27,027 |  |  | 24,233 |  |  | 107,286 |  |  | 63,244 |
Term Loan B | — |  |  | — |  |  | — |  |  | 5,209 |
Total | $ | 27,027 |  |  | $ | 24,233 |  |  | $ | 107,286 |  |  | $ | 68,453 |
The following table summarizes the material terms of the Company’s Senior Notes as of March 31, 2024:
| Indenture Date | Principal | Interest Rate | Maturity Date | Interest Payable | Issuance Costs
Senior Notes due 2033 | 8/4/2023 | $650.0 million | 5.950% | 8/4/2033 | February and August 4 | $12.4 | million
Senior Notes due 2029 | 6/17/2021 | $500.0 million | 4.000% | 7/1/2029 | July and January 1 | $6.5 | million
Senior Notes due 2028 | 8/24/2020 | $700.0 million | 3.875% | 9/1/2028 | March and September 1 | $9.2 | million
Schedule of Future Debt Principal Repayments | The following table summarizes required future debt repayments:
|  | Payments Due By March 31,
|  | Total |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | Thereafter
Term Loan A |  | $ | 1,588,125 |  |  | $ | 61,875 |  |  | $ | 82,500 |  |  | $ | 82,500 |  |  | $ | 1,361,250 |  |  | $ | — |  |  | $ | — |
Senior Notes due 2028 |  | 700,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 700,000 |  |  | — |
Senior Notes due 2029 |  | 500,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 500,000 |
Senior Notes due 2033 |  | 650,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 650,000 |
Interest on indebtedness |  | 942,804 |  |  | 192,101 |  |  | 187,040 |  |  | 181,454 |  |  | 125,934 |  |  | 72,237 |  |  | 184,038 |
Total |  | $ | 4,380,929 |  |  | $ | 253,976 |  |  | $ | 269,540 |  |  | $ | 263,954 |  |  | $ | 1,487,184 |  |  | $ | 772,237 |  |  | $ | 1,334,038 |
Schedule of Interest Expense | Interest expense on debt and debt-like instruments consisted of the following:
| Fiscal Year Ended March 31,
| 2024 |  | 2023 |  | 2022
Term Loan A | $ | 107,891 |  |  | $ | 63,463 |  |  | $ | 19,570 |
Term Loan B | — |  |  | 5,186 |  |  | 7,207 |
Revolving Credit Facility | 1,438 |  |  | — |  |  | 25 |
Senior Notes | 72,693 |  |  | 47,125 |  |  | 42,902 |
Amortization of Debt Issuance Cost (DIC) and Original Issue Discount (OID) (1) | 4,920 |  |  | 4,350 |  |  | 4,619 |
Interest Rate Swaps | (14,932) |  |  | (1,237) |  |  | 17,535 |
Other | 891 |  |  | 963 |  |  | 494 |
Total Interest Expense | $ | 172,901 |  |  | $ | 119,850 |  |  | $ | 92,352 |
(1) 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.

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