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Debt (Tables) | 6 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Debt | Debt consisted of the following on the dates below:
| September 30, 2024 |  | March 31, 2024 |
| Interest Rate |  | Outstanding Balance |  | Interest Rate |  | Outstanding Balance |
Term Loan A | 6.597 | % |  | $ | 1,567,500 |  |  | 6.677 | % |  | $ | 1,588,125 |  |
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 |  |  | 5.950 | % |  | 650,000 |  |
Less: Unamortized debt issuance costs and discount on debt |  |  | (24,225) |  |  |  |  | (26,309) |  |
Total |  |  | 3,393,275 |  |  |  |  | 3,411,816 |  |
Less: Current portion of long-term debt |  |  | (82,500) |  |  |  |  | (61,875) |  |
Long-term debt, net of current portion |  |  | $ | 3,310,775 |  |  |  |  | $ | 3,349,941 |  |
The following table summarizes the material terms of the Company’s Senior Notes as of September 30, 2024:
| Indenture Date | Principal | Interest Rate | Maturity Date | Interest Payable | Issuance Costs
Senior Notes due 2033 | 8/4/2023 | $ | 650,000 |  | 5.950% | 8/4/2033 | February and August 4 | $ | 12,400 |
Senior Notes due 2029 | 6/17/2021 | 500,000 |  | 4.000% | 7/1/2029 | July and January 1 | 6,500 |
Senior Notes due 2028 | 8/24/2020 | 700,000 |  | 3.875% | 9/1/2028 | March and September 1 | 9,200 |
Total |  | $ | 1,850,000 |  |  |  |  | $ | 28,100 |
Schedule of Interest Expense | Interest expense consisted of the following:
| Three Months Ended September 30, |  | Six Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (In thousands) |  | (In thousands)
Term Loan A | 26,836 |  |  | 27,312 |  |  | 53,623 |  |  | 53,415 |
Revolving Credit Facility | — |  |  | 1,420 |  |  | — |  |  | 1,438 |
Senior Notes | 21,450 |  |  | 18,012 |  |  | 42,900 |  |  | 29,793 |
Amortization of Debt Issuance Cost (DIC) and Original Issue Discount (OID) (1) | 1,370 |  |  | 1,218 |  |  | 2,721 |  |  | 2,245 |
Interest Rate Swaps | (2,702) |  |  | (3,702) |  |  | (6,461) |  |  | (7,271) |
Other | 91 |  |  | 496 |  |  | 193 |  |  | 610 |
Total Interest Expense | $ | 47,045 |  |  | $ | 44,756 |  |  | $ | 92,976 |  |  | $ | 80,230 |
(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 Company’s 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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