Annual report [Section 13 and 15(d), not S-K Item 405]

Debt (Tables)

v3.25.2
Debt (Tables)
 12 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes borrowings under the Company’s debt obligations and the associated interest rates:
March 31, 2025
Balance Interest Rate Unused Line Fee
Revolver (subject to variable interest rate) $ 411,000  8.17  % 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:
March 31, 2025 March 31, 2024
Revolver $ 411,000  $ 386,000 
Less: Debt issuance costs (2,313) (2,510)
Long-term debt, net of debt issuance costs $ 408,687  $ 383,490 
Interest expense, net, amortization of debt issuance costs, and unused line of credit fees were recorded in interest expense, net, on the consolidated statements of operations and comprehensive (loss) income, as follows:
Year ended March 31,
2025 2024 2023
Interest expense, net $ (32,772) $ (29,566) $ (22,420)
Amortization of debt issuance costs (1,823) (906) (831)
Unused line of credit fees and other (188) (366) (101)
Total interest expense, net $ (34,783) $ (30,838) $ (23,352)