Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

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Long-Term Debt (Tables)
 12 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt consisted of the following:
  March 31,
2024		 March 31,
2023
U.S. Term Loan due September 2026, net of deferred debt issuance costs of $226 and $335 as of March 31, 2024, and March 31, 2023, respectively
 $ 67,274  $ 73,165 
Canadian Term Loan due September 2026, net of deferred debt issuance costs of zero and $94 as of March 31, 2024, and March 31, 2023, respectively
 —  24,767 
2023 Incremental U.S. Term Loan due September 2026, net of deferred debt issuance costs of $692 and zero as of March 31, 2024, and March 31, 2023, respectively
 99,308  — 
Less current portion (14,625) (10,222)
Total $ 151,957  $ 87,710 
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
Long-term debt, stated percentage of facilities
Payment Schedule Original Principal Amount
January 1, 2023 through October 1, 2024 1.88  %
January 1, 2025 through July 1, 2026 2.50  %
Schedule of maturities of long-term debt
Maturities of long-term debt principal payments are as follows for the fiscal years ended March 31:
2025 $ 14,625 
2026 18,000 
2027 134,875 
Total $ 167,500