XML 50 R34.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Measurements (Tables)
3 Months Ended
Jun. 30, 2020
Fair Value Measurements [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

Quoted in

 

Significant Other

 

Significant



 

Balance at

 

Identical Markets

 

Observable Inputs

 

Unobservable Inputs

Description

 

June 30, 2020

 

(Level 1)

 

(Level 2)

 

(Level 3)

Interest rate cap agreements

 

$

(44,503)

 

$

 —

 

$

(44,503)

 

$

 —

Contingent consideration obligation

 

 

(550)

 

 

 —

 

 

 —

 

 

(550)

Total

 

$

(45,053)

 

$

 —

 

$

(44,503)

 

$

(550)







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

Quoted in

 

Significant Other

 

Significant



 

Balance at

 

Identical Markets

 

Observable Inputs

 

Unobservable Inputs

Description

 

March 31, 2020

 

(Level 1)

 

(Level 2)

 

(Level 3)

Interest rate cap agreements

 

$

(47,408)

 

$

 —

 

$

(47,408)

 

$

 —

Contingent consideration obligation

 

 

(3,000)

 

 

 —

 

 

 —

 

 

(3,000)

Total

 

$

(50,408)

 

$

 —

 

$

(47,408)

 

$

(3,000)



Reconciliation of Fair Value Derivative Using Unobservable Inputs



 

 

 

 

 

 



 

Three Months Ended

 

Three Months Ended



 

June 30, 2020

 

June 30, 2019

Balance at beginning of period

 

$

(3,000)

 

$

 —

Gain/(loss) included in contingent consideration

 

 

2,450 

 

 

 —

Balance at end of period

 

$

(550)

 

$

 —



Carrying Amount and Estimated Fair Value of Financial Instruments



 

 

 

 

 

 

 

 

 

 

 

 



 

June 30, 2020

 

March 31, 2020



 

Carrying Amount

 

Fair Value

 

Carrying Amount

 

Fair Value

Cash and cash equivalents

 

$

178,351 

 

$

178,351 

 

$

410,405 

 

$

410,405 

Accounts receivable

 

$

627,305 

 

$

627,305 

 

$

740,105 

 

$

740,105 

Investment in business purchase option

 

$

 —

 

$

 —

 

$

146,500 

 

$

146,500 

Senior Credit Facilities (Level 2)

 

$

3,689,853 

 

$

3,674,961 

 

$

3,682,457 

 

$

3,452,687 

Senior Notes (Level 2)

 

$

1,316,928 

 

$

1,318,375 

 

$

997,772 

 

$

950,000 

Debt component of tangible equity units (Level 2)

 

$

32,008 

 

$

31,966 

 

$

35,431 

 

$

34,806