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LONG-TERM DEBT (Tables)
9 Months Ended
Dec. 31, 2017
Debt Instrument [Line Items]  
Long-Term Debt

Long-term debt consists of the following:

 

 

 

As of

 

 

 

December 31,

2017

 

 

March 31,

2017

 

 

 

(dollars in thousands)

 

Credit Facility

 

$

185,000

 

 

$

225,000

 

4.500% Senior Unsecured Notes Due 2026

 

 

350,000

 

 

 

350,000

 

Private Placement Senior Unsecured Notes

 

 

36,500

 

 

 

117,714

 

Total Debt

 

 

571,500

 

 

 

692,714

 

Less: Current Portion of Long-term Debt

 

 

 

 

 

(81,214

)

Less: Debt Origination Costs

 

 

(5,745

)

 

 

(6,247

)

Total Long-term Debt

 

$

565,755

 

 

$

605,253

 

 

Schedule of Senior Unsecured Notes Redemption Prices

Beginning on August 1, 2021, we may redeem some or all of the Senior Unsecured Notes at the redemption prices set forth below (expressed as a percentage of the principal amount being redeemed):

 

 

 

Percentage

 

2021

 

 

102.25

%

2022

 

 

101.50

%

2023

 

 

100.75

%

2024 and thereafter

 

 

100.00

%

 

2007 Note Purchase Agreement [Member]  
Debt Instrument [Line Items]  
Amount Outstanding of Tranches

At December 31, 2017, the amount outstanding for the remaining tranche is as follows:

 

 

 

Principal

 

Maturity Date

 

Interest Rate

 

Tranche D

 

$36.5 million

 

October 2, 2019

 

 

6.48%