XML 120 R81.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Debt - Narrative (Details)
 12 Months Ended
Mar. 18, 2024
May 04, 2021
USD ($)
$ / shares
shares
Mar. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
Mar. 31, 2022
USD ($)
shares
Short-Term Debt [Line Items]          
Issuance of common stock (in shares) | shares   4,312,500     4,312,500
Issuance of common stock, offering price (in dollars per share) | $ / shares   $ 48.00      
Gross proceeds from issuance of common stock   $ 207,000,000      
Total debt     $ 517,299,000 $ 458,052,000  
Accounts receivable     171,186,000 151,451,000  
Less: current portion     50,000,000 40,000,000  
Present value of lease liabilities     12,937,000 13,541,000  
Current portion of long-term debt and finance lease obligation     670,000 604,000  
Unsecured Debt          
Short-Term Debt [Line Items]          
Line of credit facility, maximum borrowing capacity     2,374,000    
Outstanding borrowings     $ 0    
Hartland, WI          
Short-Term Debt [Line Items]          
Finance lease term     23 years    
Maximum          
Short-Term Debt [Line Items]          
Finance lease term     23 years    
Minimum          
Short-Term Debt [Line Items]          
Finance lease term     1 year    
Term Loan B Facility          
Short-Term Debt [Line Items]          
Quarterly principal amortization percentage     0.0025    
Excess cash flow percentage     0.50    
Line of credit facility, maximum borrowing capacity     $ 100,000,000    
Leverage ratio prior to June 30, 2021     6.75    
Leverage ratio prior to June 30, 2022     5.50    
Leverage ratio prior to June 30, 2023     4.50    
Leverage ratio on June 30, 2023 and thereafter     3.50    
Increase In deferred financing costs     $ 1,522,000   $ 892,000
Accordion feature, increase limit     75,000,000   $ 75,000,000
Debt instrument, basis spread on variable rate 0.25%        
Long-term debt, gross     477,560,000 462,560,000  
Repayments of long-term debt     60,000,000 40,000,000  
Less: current portion     4,976,000    
Deferred finance costs     7,845,000 6,323,000  
Accumulated amortization balances     $ 2,971,000 1,815,000  
Term Loan B Facility | Secured Overnight Financing Rate (SOFR)          
Short-Term Debt [Line Items]          
Debt instrument, basis spread on variable rate 2.50%        
Term Loan B Facility | Base Rate          
Short-Term Debt [Line Items]          
Debt instrument, basis spread on variable rate 1.50%        
Term Loan B Facility | Maximum          
Short-Term Debt [Line Items]          
Excess cash flow step down, percentage     25.00%    
Term Loan B Facility | Minimum          
Short-Term Debt [Line Items]          
Excess cash flow step down, percentage     0.00%    
Amended and Restated Revolving Credit          
Short-Term Debt [Line Items]          
Line of credit facility, maximum borrowing capacity     $ 175,000,000    
Line of credit facility, increase (decrease), net     75,000,000    
Increase In deferred financing costs     801,000    
Outstanding borrowings     0    
Outstanding letters of credit     15,368,000    
Deferred finance costs     4,828,000 4,027,000  
Amended and Restated Revolving Credit | Standby Letters of Credit          
Short-Term Debt [Line Items]          
Outstanding letters of credit     15,368,000    
AR Securitization          
Short-Term Debt [Line Items]          
Line of credit facility, maximum borrowing capacity     55,000,000    
Total debt     45,000,000    
Long-term debt, gross     45,000,000 0  
Deferred finance costs     536,000    
Accumulated amortization balances     149,000    
AR Securitization | United States          
Short-Term Debt [Line Items]          
Accounts receivable     $ 74,590,000    
AR Securitization | Secured Overnight Financing Rate (SOFR)          
Short-Term Debt [Line Items]          
Debt instrument, credit spread adjustment on variable rate     0.0010    
Debt instrument, basis spread on variable rate     1.10%    
Line of Credit          
Short-Term Debt [Line Items]          
Accumulated amortization balances     $ 2,655,000 $ 1,611,000  
Bank Guarantees | Unsecured Debt          
Short-Term Debt [Line Items]          
Line of credit facility, maximum borrowing capacity     13,945,000    
Outstanding borrowings     11,261,000    
Long-term Debt | Term Loan B Facility          
Short-Term Debt [Line Items]          
Secured long-term debt, noncurrent     $ 450,000,000