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Debt (Tables) | 9 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Debt | The following table summarizes borrowings under the Company’s debt obligations and the associated interest rates:
|  | December 31, 2023
|  | Balance |  | Interest Rate |  | Unused Line Fee
Revolver (subject to variable interest rate) |  | $ | 376,000 |  |  | 7.49 | % |  | 0.30 | %
Debt obligations on the condensed consolidated balance sheets consist of the following:
|  | December 31, 2023 |  | March 31, 2023
Revolver |  | $ | 376,000 |  |  | $ | 413,134 |
Less: Debt issuance costs |  | (1,966) |  |  | (2,612) |
Long-term debt, net of debt issuance costs |  | $ | 374,034 |  |  | $ | 410,522 |
Interest expense, net, amortization of debt issuance costs, and unused line of credit fees were recorded in interest expense, net, on the condensed consolidated statements of operations and comprehensive income (loss), as follows:
|  | Three months ended December 31, |  | Nine months ended December 31,
|  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |
Interest expense, net |  | $ | (7,351) |  |  | $ | (6,671) |  |  | $ | (22,008) |  |  | $ | (15,538) |  |  |
Amortization of debt issuance costs |  | (211) |  |  | (211) |  |  | (635) |  |  | (619) |  |  |
Unused line of credit fees and other |  | (104) |  |  | (31) |  |  | (257) |  |  | (67) |  |  |
Total interest expense, net |  | $ | (7,666) |  |  | $ | (6,913) |  |  | $ | (22,900) |  |  | $ | (16,224) |  |  |

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