Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.24.3
Debt (Tables)
 6 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes borrowings under the Company’s debt obligations and the associated interest rates:
September 30, 2024
Balance Interest Rate Unused Line Fee
Revolver (subject to variable interest rate) $ 411,000  8.34  % 0.35  %
March 31, 2024
Balance Interest Rate Unused Line Fee
Revolver (subject to variable interest rate) $ 386,000  7.71  % 0.35  %
Debt obligations on the consolidated balance sheets consist of the following:
September 30, 2024 March 31, 2024
Revolver $ 411,000  $ 386,000 
Less: Debt issuance costs (3,380) (2,510)
Long-term debt, net of debt issuance costs $ 407,620  $ 383,490 
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 (loss) income, as follows:
Three months ended September 30,
Six months ended September 30,
2024 2023 2024 2023
Interest expense, net $ (8,722) $ (7,543) $ (16,562) $ (14,657)
Amortization of debt issuance costs (456) (212) (757) (424)
Unused line of credit fees and other (54) (89) (163) (153)
Total interest expense, net $ (9,232) $ (7,844) $ (17,482) $ (15,234)