Debt (Tables)

9 Months Ended

Dec. 31, 2019

Debt consisted of the following:



	December 31, 2019					March 31, 2019
	Interest Rate		Outstanding Balance			Interest Rate		Outstanding Balance
Term Loan A	3.30	%	$	1,382,232		4.00	%	$	1,037,713
Term Loan B	3.55	%	389,075			4.50	%	391,050
Senior Notes	5.13	%	350,000			5.13	%	350,000
Less: Unamortized debt issuance costs and discount on debt			(16,797		)			(19,002		)
Total			2,104,510					1,759,761
Less: Current portion of long-term debt			(77,865		)			(57,924		)
Long-term debt, net of current portion			$	2,026,645				$	1,701,837

Schedule of Interest Expense

Interest on debt and debt-like instruments consisted of the following:



	Three Months Ended December 31,					Nine Months Ended December 31,
	2019		2018			2019		2018
	(In thousands)					(In thousands)
Term Loan A Interest Expense	$	11,956	$	10,336		$	38,990	$	31,523
Term Loan B Interest Expense	3,719		4,318			12,371		12,350
Interest on Revolving Credit Facility	—		—			—		61
Senior Notes Interest Expense	4,484		4,484			13,453		13,453
Deferred Payment Obligation Interest ⁽¹⁾	1,718		2,000			5,740		6,015
Amortization of Debt Issuance Cost (DIC) and Original Issue Discount (OID) ⁽²⁾	1,174		1,230			3,632		3,848
Other	1,180		(332		)	1,095		107
Total Interest Expense	$	24,231	$	22,036		$	75,281	$	67,357

⁽¹⁾ Interest payments on the deferred payment obligation are made twice a year in January and July. The final payment was made on December 18, 2019. See Note 8 to the condensed consolidated financial statements.

⁽²⁾ DIC and OID on the Term Loans and Senior Notes are recorded as a reduction of long-term debt in the condensed consolidated balance sheet and are amortized ratably over the life of the related debt using the effective rate method. DIC on

the Revolving Credit Facility is recorded as a long-term asset on the condensed consolidated balance sheet and amortized ratably over the term of the Revolving Credit Facility.