Debt Arrangements (Tables)

3 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt Financing

The following summarizes debt and notes payable:

				June 30,		June 30,		March 31,
(in thousands)	Interest Rate			2022		2021		2022
Senior secured credit facilities:
ABL Credit Facility	3.5	%	(1)	$	90,000	$	—	$	90,000
Exit ABL Credit Facility	5.8	%	(1)	—		67,500		—
DDTL Facility (2)	10.7	%	(1)	109,751		117,353		107,832
Senior secured notes:
10.0% senior secured first lien notes (3)	10.0	%		271,678		268,168		270,762
Exit Term Loan Credit Facility (4)	9.6	%	(1)	220,518		216,533		219,500
Other long-term debt	1.9	%	(1)	611		2,925		239
Notes payable to banks (5)	5.8	%	(1)	545,224		403,792		378,612
Total debt				$	1,237,782	$	1,076,271	$	1,066,945
Short-term (5)				$	545,224	$	403,792	$	378,612
Long-term:
Current portion of long-term debt				$	13,781	$	2,686	$	107,856
Long-term debt				678,777		669,793		580,477
				$	692,558	$	672,479	$	688,333
Letters of credit				$	14,430	$	4,804	$	9,038
(1) Weighted average rate for the trailing twelve months ended June 30, 2022. As the ABL Credit Facility has not been outstanding for a trailing twelve-month period, the interest rate is the weighted average rate from inception through June 30, 2022.
(2) Balance of $109,751 is net of original issue discount of $499. Total repayment will be $110,250, which includes a $5,250 exit fee payable upon repayment.
(3) Balance of $271,678 is net of original issue discount of $9,166. Total repayment will be $280,844.
(4) The aggregate balance of the Term Loan Credit Facility of $220,518 includes $5,436 of accrued paid-in-kind interest.
(5) Primarily foreign seasonal lines of credit.