Debt

3 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Debt

Debt

The Company’s debt consisted of the following:

	As of June 30, 2022						As of March 31, 2022
	Principal Outstanding		Carrying Value		Interest Rate		Principal Outstanding		Carrying Value		Interest Rate
Term Loan	$	96,297	$	96,125	3.25	%	$	71,754	$	71,574	2.25	%
Multi-Draw Facility	100,000		99,760		3.50	%	100,000		99,752		3.50	%
Revolver	25,000		25,000		3.25	%	—		—		2.25	%
Total Debt	$	221,297	$	220,885			$	171,754	$	171,326

The carrying value of the Company’s outstanding debt as of June 30, 2022 and March 31, 2022 approximated fair value except for the multi-draw facility which had an estimated fair value of $90,270 as of June 30, 2022. The estimated fair value of debt is based on then-current market rates for similar debt instruments and is classified as Level 2 within the fair value hierarchy.