Debt (Tables)

12 Months Ended

Mar. 31, 2026

The Company’s outstanding debt as of March 31, 2026 and March 31, 2025 consists of the following (in thousands):


	March 31, 2026		March 31, 2025
Debt:
Revolving line of credit(1)	$	256,676	$	256,676
Term loan(1)	585,000		—



Total debt	841,676		256,676
Less: debt issuance costs	(2,328)		—
Total debt, net of issuance costs	839,348		256,676
Less: current portion	(30,000)		—
Long-term portion of debt	$	809,348	$	256,676

(1) See further discussion below. As of March 31, 2026, the Company was in compliance with all applicable financial covenants under the Amended Credit Agreement (as defined below).

Schedule of Maturities of Long-Term Debt

The Company’s debt outstanding as of March 31, 2026, matures as follows (in thousands):



2027	30,000
2028	30,000
2029	37,500
2030	744,176
Total Debt	841,676
Less: Unamortized discounts and debt issuance costs	(2,328)
Total debt, net of unamortized discounts and debt issuance costs	$	839,348

Schedule of Components of Interest Expense

The components of interest expense, net are as follows (in thousands):


	Fiscal year ended March 31,
	2026		2025		2024
Interest on term loan debt	$	24,772	$	10,228	$	8,294
Amortization of debt issuance costs	1,433		545		430
Interest on revolving line of credit	16,009		6,410		3,106
Interest on finance leases	—		—		10
Interest income	(6,930)		(3,370)		(4,817)
Interest expense, net	$	35,284	$	13,813	$	7,023