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Long-Term Debt (Tables)
 12 Months Ended
Mar. 31, 2024
Long-Term Debt  
Schedule of long-term debt
Our long-term debt consists of the following at the dates indicated:
March 31, 2024March 31, 2023
Face
Amount		Unamortized
Debt Issuance
Costs (1)		Book
Value		Face
Amount		Unamortized
Debt Issuance
Costs (1)		Book
Value
(in thousands)
Asset-based revolving credit facility (“ABL Facility”)$— $— $138,000 $138,000 
Senior secured term loan “B” credit facility (“Term Loan B”)700,000 $(17,549)682,451 — $— — 
Senior secured notes:
7.500% Notes due 2026 (“2026 Senior Secured Notes”)
— — — 2,050,000 (26,009)2,023,991 
8.125% Notes due 2029 (“2029 Senior Secured Notes”)
900,000 (12,845)887,155 — — — 
8.375% Notes due 2032 (“2032 Senior Secured Notes”)
1,300,000 (18,784)1,281,216 — — — 
Senior unsecured notes:
6.125% Notes due 2025 (“2025 Notes”)
— — — 380,020 (1,612)378,408 
7.500% Notes due 2026 (“2026 Notes”)
— — — 319,902 (2,496)317,406 
Total long-term debt 2,900,000 (49,178)2,850,822 2,887,922 (30,117)2,857,805 
Less: Current maturities7,000 — 7,000 — — — 
Long-term debt$2,893,000 $(49,178)$2,843,822 $2,887,922 $(30,117)$2,857,805 
(1)    Debt issuance costs related to the ABL Facility are reported within intangible assets, rather than as a reduction of the carrying amount of long-term debt. The unamortized debt issuance costs for Term Loan B include a $5.1 million discount.
Schedule of maturities of long-term debt
The scheduled maturities of our long-term debt are as follows at March 31, 2024:
Year Ending March 31,Term Loan B Senior Secured
Notes		Total
(in thousands)
2025$7,000 $— $7,000 
20267,000 — 7,000 
20277,000 — 7,000 
20287,000 — 7,000 
20297,000 900,000 907,000 
Thereafter665,000 1,300,000 1,965,000 
Total$700,000 $2,200,000 $2,900,000 
Schedule of future amortization expense of debt issuance costs
The following table summarizes expected amortization of debt issuance costs at March 31, 2024 (in thousands):

Year Ending March 31,
2025$7,590 
20267,590 
20277,590 
20287,590 
20297,252 
Thereafter11,566 
Total$49,178 
Redemptions | Senior Secured Notes  
Long-Term Debt  
Schedule of redemptions
The following table summarizes redemptions of Senior Secured Notes for the year ended March 31, 2024 (in thousands):

2026 Senior Secured Notes (1)
Notes redeemed$2,050,000 
Cash paid (excluding payments of accrued interest)$2,088,438 
Loss on early extinguishment of debt$59,014 
(1)    On February 6, 2024, we redeemed all of the outstanding 2026 Senior Secured Notes. Loss on the early extinguishment of debt for the 2026 Senior Secured Notes during the year ended March 31, 2024 includes the write off of debt issuance costs and other expenses of $20.6 million and a call premium of $38.4 million. The loss is reported within (loss) gain on early extinguishment of liabilities, net within our consolidated statement of operations.
Redemptions | Senior unsecured notes  
Long-Term Debt  
Schedule of redemptions
The following table summarizes redemptions of Senior Unsecured Notes for the periods indicated:
Year Ended March 31,
20242023
(in thousands)
2023 Notes (1)
Notes redeemed$— $203,386 
Cash paid (excluding payments of accrued interest)$— $203,386 
Loss on early extinguishment of debt$— $367 
2025 Notes (2)
Notes redeemed$280,745 $— 
Cash paid (excluding payments of accrued interest)$280,745 $— 
Loss on early extinguishment of debt$978 $— 
2026 Notes (3)
Notes redeemed$319,902 $— 
Cash paid (excluding payments of accrued interest)$319,902 $— 
Loss on early extinguishment of debt$2,159 $— 
(1)    On March 31, 2023, we redeemed all of the remaining outstanding 2023 Notes. Loss on the early extinguishment of debt for the 2023 Notes during the year ended March 31, 2023 is inclusive of the write off of debt issuance costs of $0.4 million. The loss is reported within (loss) gain on early extinguishment of liabilities, net within our consolidated statement of operations.
(2)    On February 20, 2024, we redeemed all of the remaining outstanding 2025 Notes. Loss on the early extinguishment of debt for the 2025 Notes during the year ended March 31, 2024 includes the write off of debt issuance costs and other expenses of $1.0 million. The loss is reported within (loss) gain on early extinguishment of liabilities, net within our consolidated statement of operations.
(3)    On February 2, 2024, we deposited $331.9 million with the trustee for the redemption of the 2026 Notes, which included the repayment of accrued and unpaid interest of $12.0 million. As we met the requirements of discharge under the 2026 indenture dated February 4, 2021, we no longer had this liability as of March 31, 2024. Loss on the early extinguishment of debt for the 2026 Notes during the year ended March 31, 2024 includes the write off of debt issuance costs and other expenses of $2.2 million. The loss is reported within (loss) gain on early extinguishment of liabilities, net within our consolidated statement of operations.
Repurchases | Senior unsecured notes  
Long-Term Debt  
Schedule of redemptions
The following table summarizes repurchases of Senior Unsecured Notes for the periods indicated:
Year Ended March 31,
202420232022
(in thousands)
2023 Notes
Notes repurchased$— $272,316 $79,549 
Cash paid (excluding payments of accrued interest)$— $265,127 $77,847 
Gain on early extinguishment of debt (1)$— $6,555 $1,318 
2025 Notes
Notes repurchased$99,275 $— $— 
Cash paid (excluding payments of accrued interest)$91,982 $— $— 
Gain on early extinguishment of debt (2)$6,906 $— $— 
2026 Notes
Notes repurchased$— $12,500 $6,000 
Cash paid (excluding payments of accrued interest)$— $10,789 $5,320 
Gain on early extinguishment of debt (3)$— $1,611 $610 
(1)    Gain on early extinguishment of debt for the 2023 Notes during the years ended March 31, 2023 and 2022 is inclusive of the write off of debt issuance costs of $0.6 million and $0.4 million, respectively. The gain is reported within (loss) gain 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 year ended March 31, 2024 is inclusive of the write off of debt issuance costs of $0.4 million. The gain is reported within (loss) gain on early extinguishment of liabilities, net within our consolidated statement of operations.
(3)    Gain on early extinguishment of debt for the 2026 Notes during the years ended March 31, 2023 and 2022 is inclusive of the write off of debt issuance costs of $0.1 million and $0.1 million respectively. The gain is reported within (loss) gain on early extinguishment of liabilities, net within our consolidated statements of operations.