Long-Term Debt (Tables)

12 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of long-term debt

Our long-term debt consists of the following at the dates indicated:

	March 31, 2022						March 31, 2021
	Face Amount		Unamortized Debt Issuance Costs (1)		Book Value		Face Amount		Unamortized Debt Issuance Costs (1)		Book Value
	(in thousands)
Senior secured notes:
7.500% Notes due 2026 (“2026 Senior Secured Notes”)	$	2,050,000	$	(35,140)	$	2,014,860	$	2,050,000	$	(44,246)	$	2,005,754
Asset-based revolving credit facility (“ABL Facility”)	116,000		—		116,000		4,000		—		4,000
Senior unsecured notes:
7.500% Notes due 2023 (“2023 Notes”)	475,702		(1,873)		473,829		555,251		(3,564)		551,687
6.125% Notes due 2025 (“2025 Notes”)	380,020		(2,456)		377,564		380,020		(3,297)		376,723
7.500% Notes due 2026 (“2026 Notes”)	332,402		(3,460)		328,942		338,402		(4,378)		334,024
Other long-term debt	41,705		(59)		41,646		49,095		(70)		49,025
	3,395,829		(42,988)		3,352,841		3,376,768		(55,555)		3,321,213
Less: Current maturities	2,378		—		2,378		2,183		—		2,183
Long-term debt	$	3,393,451	$	(42,988)	$	3,350,463	$	3,374,585	$	(55,555)	$	3,319,030

(1)    Debt issuance costs related to the ABL Facility and the Sawtooth credit agreement (included in other long-term debt) are reported within intangible assets, rather than as a reduction of the carrying amount of long-term debt.

Schedule of repurchases

The following table summarizes repurchases of Senior Unsecured Notes for the periods indicated:

	Year Ended March 31,
	2022		2021		2020
	(in thousands)
2023 Notes
Notes repurchased	$	79,549	$	52,072	$	—
Cash paid (excluding payments of accrued interest)	$	77,847	$	33,566	$	—
Gain on early extinguishment of debt (1)	$	1,318	$	18,096	$	—
2025 Notes
Notes repurchased	$	—	$	7,300	$	1,815
Cash paid (excluding payments of accrued interest)	$	—	$	3,647	$	454
Gain on early extinguishment of debt (2)	$	—	$	3,575	$	1,341
2026 Notes
Notes repurchased	$	6,000	$	111,598	$	—
Cash paid (excluding payments of accrued interest)	$	5,320	$	78,583	$	—
Gain on early extinguishment of debt (3)	$	610	$	31,463	$	—

(1)    Gain on early extinguishment of debt for the 2023 Notes during the years ended March 31, 2022 and 2021 is inclusive of the write off of debt issuance costs of $0.4 million and $0.4 million, respectively. The gain is reported within gain (loss) on early extinguishment of liabilities, net within our consolidated statements of operations.

(2)    Gain on early extinguishment of debt for the 2025 Notes during the years ended March 31, 2021 and 2020 is inclusive of the write off of debt issuance costs of $0.1 million and less than $0.1 million, respectively. The gain is reported within gain (loss) on early extinguishment of liabilities, net within our consolidated statements of operations.

(3)    Gain on early extinguishment of debt for the 2026 Notes during the years ended March 31, 2022 and 2021 is inclusive of the write off of debt issuance costs of $0.1 million and $1.6 million, respectively. The gain is reported within gain (loss) on early extinguishment of liabilities, net within our consolidated statement of operations.

Schedule of maturities of long-term debt

The scheduled maturities of our long-term debt are as follows at March 31, 2022:

Year Ending March 31,	2026 Senior Secured Notes		ABL Facility		Senior Unsecured Notes		Other Long-Term Debt		Total
	(in thousands)
2023	$	—	$	—	$	—	$	2,378	$	2,378
2024	—		—		475,702		2,816		478,518
2025	—		—		380,020		3,068		383,088
2026	2,050,000		116,000		—		3,343		2,169,343
2027	—		—		332,402		3,642		336,044
Thereafter	—		—		—		26,458		26,458
Total	$	2,050,000	$	116,000	$	1,188,124	$	41,705	$	3,395,829

Schedule of future amortization expense of debt issuance costs

The following table summarizes expected amortization of debt issuance costs at March 31, 2022 (in thousands):

Year Ending March 31,
2023	$	12,049
2024	11,560
2025	10,801
2026	8,526
2027	46
Thereafter	6
Total	$	42,988