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Debt
9 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Debt Debt
The Company’s debt consisted of the following:
December 31, 2021
March 31, 2021
Principal OutstandingCarrying ValueInterest RatePrincipal OutstandingCarrying ValueInterest Rate
Term Loan$72,211 $72,022 2.25 %$73,594 $73,378 2.25 %
Multi-Draw Facility75,000 74,745 3.50 %75,000 74,797 3.50 %
Revolver— — 2.25 %15,000 15,000 2.25 %
Total Debt$147,211 $146,767 $163,594 $163,175 
On April 22, 2021, the Company amended its Term Loan and Security Agreement with First Republic Bank to provide an additional $25,000 of committed borrowing capacity and amended its Multi-Draw Term Loan and Security Agreement with First Republic Bank to increase the maximum commitment amount from $75,000 to $100,000 and extend the period to request an advance under the facility until March 31, 2022.The carrying amount of the Company’s outstanding debt as of December 31, 2021 and March 31, 2021 approximated fair value based on then-current market rates for similar debt instruments and is classified as Level 2 within the fair value hierarchy.