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Debt (Tables)

12 Months Ended

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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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481544/470-10-50-1

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