Debt (Tables)

12 Months Ended

Mar. 31, 2020

Debt consisted of the following:



	March 31, 2020					March 31, 2019
	Interest Rate		Outstanding Balance			Interest Rate		Outstanding Balance
Term Loan A	2.49	%	$	1,363,739		4.00	%	$	1,037,713
Term Loan B	2.74	%	388,102			4.50	%	391,050
Revolver	3.75	%	100,000			—	%	—
Senior Notes	5.13	%	350,000			5.13	%	350,000
Less: Unamortized debt issuance costs and discount on debt			(15,997		)			(19,002		)
Total			2,185,844					1,759,761
Less: Current portion of long-term debt			(177,865		)			(57,924		)
Long-term debt, net of current portion			$	2,007,979				$	1,701,837

Schedule of Future Debt Principal Repayments

The following table summarizes required future debt principal repayments (in thousands):



	Payments Due By March 31,
	Total	2021	2022	2023	2024	2025	Thereafter
Term Loan A	$1,363,739	$73,974	$73,974	$73,974	$1,141,817	$—	—
Term Loan B	388,102	3,891	3,891	3,891	3,891	3,891	368,647
Senior Notes	350,000	—	—	—	—	—	350,000
Total	$2,101,841	$77,865	$77,865	$77,865	$1,145,708	$3,891	$718,647

Schedule of Interest Expense

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



	Fiscal Year Ended March 31,
	2020		2019			2018
Term Loan A Interest Expense	$	50,080	$	42,043		$	37,575
Term Loan B Interest Expense	15,739		16,765			14,138
Interest on Revolving Credit Facility	92		115			271
Senior Notes Interest Expense	17,938		17,938			16,742
Deferred Payment Obligation Interest (1)	5,740		7,993			7,993
Amortization of Debt Issuance Costs (DIC) and Original Issue Discount (OID) (2)	4,688		5,052			5,361
Interest Swap Expense	2,094		(1,026		)	—
Other	589		637			189
Total Interest Expense	$	96,960	$	89,517		$	82,269

(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 10 to our consolidated financial statements.

(2) DIC and OID on the Company's term loans are recorded as a reduction of long-term debt in the consolidated balance sheet and are amortized ratably over the life of the related debt using the effective rate method. DIC on the Company's Revolving Credit Facility is recorded as a long-term asset on the consolidated balance sheet and amortized ratably over the term of the Revolving Credit Facility.