Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.24.0.1
Debt (Tables)
 9 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consisted of the following:
  December 31, 2023 March 31,
2023
U.S. Term Loan Facility due September 2026, net of deferred debt issuance costs of $252 and $335 as of December 31, 2023, and March 31, 2023, respectively
 $ 68,747  $ 73,165 
Canadian Term Loan Facility due September 2026, net of deferred debt issuance costs of $29 and $94 as of December 31, 2023, and March 31, 2023, respectively
 11,811  24,767 
Incremental Term Loan A due September 2026, net of deferred debt issuance costs of $659 and zero of December 31, 2023, and March 31, 2023, respectively
 99,341  — 
Less current portion (15,945) (10,222)
 Total long-term debt $ 163,954  $ 87,710 
Each of the Facilities terminates on September 29, 2026. Each of the Term Loans will amortize as set forth in the table below, with payments on the first day of each January, April, July and October, with the balance of each Term Loan Facility due at maturity.
Installment Dates Original Principal Amount
January 1, 2022 through October 1, 2022 1.25  %
January 1, 2023 through October 1, 2024 1.88  %
January 1, 2025 through July 1, 2026 2.50  %
On the last day of any period of four fiscal quarters ending during a period set forth below, the Company must maintain a consolidated leverage ratio that does not exceed the ratios for such period set forth below (each of which ratios may be increased by 0.50:1.00 for each of the four fiscal quarters following certain acquisitions at the election of the U.S. Borrower):
Fiscal Quarter Ending Consolidated Leverage Ratio
December 31, 2022, and each fiscal quarter thereafter
3.50:1.00