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Fair Value Measurements (Tables) | 12 Months Ended
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Mar. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets and Liabilities Measured or Disclosed at Fair Value | The following table provides information regarding financial assets and liabilities measured or disclosed at fair value on a recurring basis:
|  |  |  | Fair value measurements at reporting date using
|  |  |  | Quoted prices in active markets for identical assets |  | Significant other observable inputs |  | Significant unobservable inputs
Description |  | At March 31, 2024 |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets/(Liabilities) Measured at fair value: |  |  |  |  |  |  |  |
Marketable securities |  | $ | 11,447 |  |  | $ | 11,447 |  |  | $ | — |  |  | $ | — |
Annuity contract |  | 1,390 |  |  | — |  |  | 1,390 |  |  | — |
Derivative assets (liabilities): |  |  |  |  |  |  |  |
Foreign exchange contracts |  | (77) |  |  | — |  |  | (77) |  |  | — |
Interest rate swap |  | 7,122 |  |  | — |  |  | 7,122 |  |  | — |
Cross currency swap |  | (2,342) |  |  | — |  |  | (2,342) |  |  | — |
Disclosed at fair value: |  |  |  |  |  |  |  |
Term loan |  | $ | (479,351) |  |  | $ | — |  |  | $ | (479,351) |  |  | $ | — |
AR Securitization facility |  | $ | (45,000) |  |  | $ | — |  |  | $ | (45,000) |  |  | $ | — |
|  |  |  | Fair value measurements at reporting date using
|  |  |  | Quoted prices in active markets for identical assets |  | Significant other observable inputs |  | Significant unobservable inputs
Description |  | At March 31, 2023 |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets/(Liabilities) Measured at fair value: |  |  |  |  |  |  |  |
Marketable securities |  | 10,368 |  |  | $ | 10,368 |  |  | $ | — |  |  | $ | — |
Annuity contract |  | 1,612 |  |  | — |  |  | 1,612 |  |  | — |
Derivative assets (liabilities): |  |  |  |  |  |  |  |
Foreign exchange contracts |  | 97 |  |  | — |  |  | 97 |  |  | — |
Interest rate swap |  | 10,475 |  |  | — |  |  | 10,475 |  |  | — |
Cross currency swap |  | (2,102) |  |  | — |  |  | (2,102) |  |  | — |
Disclosed at fair value: |  |  |  |  |  |  |  |
Term loan |  | $ | (460,825) |  |  | $ | — |  |  | $ | (460,825) |  |  | $ | — |
Schedule of Fair Value Measurement Inputs and Valuation Techniques | The key estimates and factors used in the discounted cash flow valuation include revenue growth rates, EBITDA margins and cash flows based on internal forecasts and the weighted-average cost of capital used to discount future cash flows. The estimates used are disclosed below:
| Precision Conveyor Reporting Unit
Compound annual growth rate | 13.0%
Terminal value growth rate | 3.0%
Weighted-average cost of capital | 13.2%
The key estimates and factors used in the discounted cash flow valuation include revenue growth rates and profit margins based on internal forecasts and the weighted-average cost of capital used to discount future cash flows. The estimates used are disclosed below:
| Rest of Products Reporting Unit | Precision Conveyor Reporting Unit | Linear Motion Reporting Unit
Compound annual growth rate | 6.7 | % | 9.8 | % | 9.1 | %
Terminal value growth rate | 3.0 | % | 3.0 | % | 3.5 | %
Weighted-average cost of capital | 11.8 | % | 13.2 | % | 10.4 | %

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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