Fair Value Measurements (Tables)

6 Months Ended

Sep. 30, 2024

Schedule of Recurring Fair Value Measurements

The financial instruments measured at fair value in the accompanying condensed consolidated balance sheets consist of the following:


	Recurring Fair Value Measurements as of September 30, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Current derivative instruments (1)	$	—	$	2,869	$	—	$	2,869

Long-term deferred compensation plan asset (2)	38,761		—		—		38,761
Total Assets	$	38,761	$	2,869	$	—	$	41,630
Liabilities:
Current derivative instruments (1)	—		1,141		—		1,141
Long-term derivative instruments (1)	—		4,988		—		4,988
Long-term deferred compensation plan liability (2)	38,761		—		—		38,761
Total Liabilities	$	38,761	$	6,129	$	—	$	44,890


	Recurring Fair Value Measurements as of March 31, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Current derivative instruments (1)	$	—	$	8,713	$	—	$	8,713
Long-term derivative instruments (1)	—		1,556		—		1,556
Long-term deferred compensation plan asset (2)	28,957		—		—		28,957
Total Assets	$	28,957	$	10,269	$	—	$	39,226
Liabilities:

Long-term deferred compensation plan liability (2)	28,957		—		—		28,957
Total Liabilities	$	28,957	$	—	$	—	$	28,957

(1) 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 9, “Derivatives,” to the condensed consolidated financial statements for further discussion on the Company’s derivative instruments designated as cash flow hedges.

(2) Investments in this category consist 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 and liabilities 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 condensed consolidated balance sheets.

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The carrying amount and estimated fair value of long-term debt consists of the following:


	September 30, 2024				March 31, 2024
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Term Loan A	$	1,567,500	$	1,565,541	$	1,588,125	$	1,582,170
3.875% Senior Notes due 2028	700,000		679,133		700,000		656,677
4.000% Senior Notes due 2029	500,000		485,875		500,000		465,470
5.950% Senior Notes due 2033	650,000		695,065		650,000		672,815