Debt (Tables)

6 Months Ended

Sep. 30, 2021

The Company’s outstanding debt as of September 30, 2021, March 31, 2021 and September 30, 2020 consisted of the following (in thousands):


	September 30, 2021		March 31, 2021		September 30, 2020
Revolving credit facility(1)	$	13,480	$	—	$	—
Term loan(1)	98,750		124,589		130,537
Finance lease obligations	1,803		2,200		2,611
Total debt(2)	114,033		126,789		133,148
Less: debt issuance costs	(914)		(253)		(352)
Total debt, net of issuance costs	113,119		126,536		132,796
Less: current portion	(19,254)		(16,281)		(14,219)
Long-term portion of debt	$	93,865	$	110,255	$	118,577

(1) See Note 10, “Debt,” to the consolidated financial statements included in the Annual Report for details regarding the Senior Secured Credit Agreement, as amended (the "Amended Credit Agreement”). As of September 30, 2021, the Company was in compliance with all applicable financial covenants under the Amended Credit Agreement.

(2) The gross carrying amounts of the Company’s long-term debt, before reduction of the debt issuance costs, and finance lease obligations approximate their fair values, based on Level 2 inputs (quoted prices for similar assets and liabilities in active markets or inputs that are observable), as the stated rates approximate market rates for loans with similar terms. The Company did not transfer any liabilities measured at fair value on a recurring basis to or from Level 2 for any of the periods presented.