Term B Loan (Tables)

9 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

The following table summarizes the outstanding borrowings from the Initial Term B Loan as of December 31, 2017:

(in thousands)	December 31, 2017
Outstanding principal balance	$	198,500
Unamortized debt issuance costs and debt discount	(5,132		)
Outstanding principal, net of unamortized debt issuance costs and debt discount	$	193,368
Classified as follows:
Current portion of bank loan	$	2,000
Long-term bank loan	$	191,368

As of December 31, 2017, the Company made payments totaling $1.5 million towards the outstanding principal balance of the Initial Term B Loan. The following table includes the total interest expense related to the Term B Loan recognized during the three and nine months ended December 31, 2017:

	Three Months Ended		Nine Months Ended
(in thousands)	December 31, 2017		December 31, 2017
Contractual interest expense	$	2,015	$	6,398
Amortization of debt issuance costs and debt discount	205		614
Total	$	2,220	$	7,012