Debt

3 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Debt

7. Debt

The Company’s debt consisted of the following:

	As of June 30, 2023						As of March 31, 2023
	Principal Outstanding		Carrying Value		Interest Rate		Principal Outstanding		Carrying Value		Interest Rate
Term Loan	$	98,750	$	98,359	7.00	%	$	99,375	$	98,969	6.75	%
2020 Multi-Draw Facility	100,000		99,580		3.50	%	100,000		99,564		3.50	%
Revolver	—		—				15,000		15,000		6.50	%
Total Debt	$	198,750	$	197,939			$	214,375	$	213,533

The carrying value of the Company’s outstanding debt as of June 30, 2023 and March 31, 2023 approximated fair value except for the 2020 multi-draw facility which had an estimated fair value of $86,792 and $88,136 as of June 30, 2023 and March 31, 2023, respectively. 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.