Debt (Tables)

3 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt as of June 30, 2020, March 31, 2020 and June 30, 2019 consisted of the following (in thousands):

	June 30, 2020			March 31, 2020			June 30, 2019
Term loan(1)	$	133,505		$	135,853		$	142,883
Finance lease obligations	2,812			3,012			3,593
Total debt(2)	136,317			138,865			146,476
Less: debt issuance costs	(429		)	(209		)	(284		)
Total debt, net of issuance costs	135,888			138,656			146,192
Less: current portion	(13,187		)	(12,568		)	(10,681		)
Long-term portion of debt	$	122,701		$	126,088		$	135,511

⁽¹⁾ See Note 10, “Debt,” to the consolidated financial statements included in the Annual Report for details regarding the Senior Secured Credit Agreement (as defined below under the heading “Description of indebtedness”). As of June 30, 2020, the Company was in compliance with all applicable financial covenants.

⁽²⁾ The gross carrying amounts of the Company’s long-term debt, before reduction of the debt issuance costs, and finance lease obligations approximate their fair values, based on Level 2 inputs (quoted prices for similar assets and liabilities in active markets or inputs that are observable), as the stated rates approximate market rates for loans with similar terms. The Company did not transfer any liabilities measured at fair value on a recurring basis to or from Level 2 for any of the periods presented.