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Debt

9 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Debt

7. Debt

The Company’s debt consisted of the following:

			As of December 31, 2023																		As of March 31, 2023
			Principal Outstanding						Carrying Value						Interest Rate						Principal Outstanding						Carrying Value						Interest Rate
Term Loan			$	97,500					$	97,140					7.25		%				$	99,375					$	98,969					6.75		%
2020 Multi-Draw Facility			100,000						99,612						3.50		%				100,000						99,564						3.50		%
Revolver			—						—												15,000						15,000						6.50		%
Total Debt			$	197,500					$	196,752											$	214,375					$	213,533

The carrying value of the Company’s outstanding debt as of December 31, 2023 and March 31, 2023 approximated fair value except for the 2020 multi-draw facility, which had an estimated fair value of $88,588 and $88,136 as of December 31, 2023 and March 31, 2023, respectively. The estimated fair value of debt is based on then-current market rates for similar debt instruments and is classified as Level 2 within the fair value hierarchy.

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No definition available.

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- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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