Debt

6 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Debt

7. Debt

The Company’s debt consisted of the following:

	As of September 30, 2024						As of March 31, 2024
	Principal Outstanding		Carrying Value		Interest Rate		Principal Outstanding		Carrying Value		Interest Rate
Term Loan	$	95,625	$	95,312	6.75	%	$	96,875	$	96,531	7.25	%
2020 Multi-Draw Facility	100,000		99,659		3.50	%	100,000		99,628		3.50	%
Total Debt	$	195,625	$	194,971			$	196,875	$	196,159

The carrying value of the Company’s outstanding debt as of September 30, 2024 and March 31, 2024 approximated fair value except for the 2020 multi-draw facility, which had an estimated fair value of $90,533 and $87,611 as of September 30, 2024 and March 31, 2024, 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.