XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Debt (Tables) | 6 Months Ended
--- | ---
Sep. 30, 2018
Debt Disclosure [Abstract] |
Debt, Excluding Film Obligations and Production Loans | Total debt of the Company, excluding film obligations and production loans, was as follows as of September 30, 2018 and March 31, 2018:
| September 30, 2018 |  | March 31, 2018
| (Amounts in millions)
Corporate debt: |  |  |
Revolving Credit Facility | $ | — |  |  | $ | — |
Term Loan A(1) | 750.0 |  |  | 750.0 |
Term Loan B(1) | 1,243.8 |  |  | 1,250.0 |
5.875% Senior Notes | 520.0 |  |  | 520.0 |
Total corporate debt | 2,513.8 |  |  | 2,520.0 |
Convertible senior subordinated notes(2) | — |  |  | 60.0 |
Capital lease obligations | 47.0 |  |  | 50.5 |
Total debt | 2,560.8 |  |  | 2,630.5 |
Unamortized discount and debt issuance costs, net of fair value adjustment on capital lease obligations | (67.5 | ) |  | (73.1 | )
Total debt, net | 2,493.3 |  |  | 2,557.4 |
Less current portion | (35.3 | ) |  | (79.1 | )
Non-current portion of debt | $ | 2,458.0 |  |  | $ | 2,478.3 |
_____________________
(1) | To manage interest rate risk on certain of its LIBOR-based floating-rate corporate debt, as of September 30, 2018. the Company has entered into three interest rate swaps to effectively convert the floating interest rates to fixed interest rates on a $1.5 billion notional amount (see Note 17 for further information).
(2) | On April 15, 2018, the 1.25% convertible senior subordinated notes due April 2018 (the "April 2013 1.25% Notes") matured, and upon maturity, the Company repaid the outstanding principal amount, together with accrued and unpaid interest.
Schedule of Interest Expense | The table below sets forth the composition of the Company’s interest expense for the three and six months September 30, 2018 and 2017:
| Three Months Ended |  | Six Months Ended
| September 30, |  | September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (Amounts in millions)
Interest expense |  |  |  |  |  |  |
Cash interest | $ | 35.8 |  |  | $ | 31.8 |  |  | $ | 68.2 |  |  | $ | 66.3 |
Amortization of debt discount and financing costs | 3.0 |  |  | 3.0 |  |  | 6.0 |  |  | 7.5 |
| 38.8 |  |  | 34.8 |  |  | 74.2 |  |  | 73.8 |
Interest on dissenting shareholders' liability (see Note 16) | 16.7 |  |  | 13.9 |  |  | 32.6 |  |  | 27.2 |
Total interest expense | $ | 55.5 |  |  | $ | 48.7 |  |  | $ | 106.8 |  |  | $ | 101.0 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration