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 Long-Term Debt
Long-term debt consisted of the following:
  September 30, 2024 March 31, 2024
U.S. Term Loan Facility due September 2026, net of deferred debt issuance costs of $175 and $226 as of September 30, 2024, and March 31, 2024, respectively
 $ 64,325  $ 67,274 
Incremental Term Loan A due September 2026, net of deferred debt issuance costs of $531 and $692 of September 30, 2024, and March 31, 2024, respectively
 95,719  99,308 
Total term debt $ 160,044  $ 166,582 
Less current portion (16,875) (14,625)
Total long-term debt $ 143,169  $ 151,957 
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, 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 ended 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 Ended Consolidated Leverage Ratio
December 31, 2022, and each fiscal quarter thereafter
3.50:1.00