SHORT-TERM BANK DEBT AND LONG-TERM DEBT (Tables)
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3 Months Ended |
Jun. 30, 2026 |
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| Debt Disclosure [Abstract] |
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| Schedule of Short-Term Debt |
Amounts outstanding under short‑term and long‑term debt were classified on the consolidated balance sheets as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | March 31,
2026 | | June 30,
2026 | | Short-term bank debt | | | | $ | 44,072 | | | $ | 42,410 | | | Current maturities of long-term debt | | | | $ | 6,283 | | | $ | 6,682 | | | Long-term debt - less current maturities | | | | $ | 229,669 | | | $ | 229,300 | |
The following table summarizes the Company’s revolving credit facilities as of June 30, 2026 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Facility | | Denominated Currency | | Total Committed Amount (USD equivalent at balance sheet date) | | Amount Outstanding (Drawn) | | Available Borrowing Capacity (Undrawn) | | Interest Rate | | Final Maturity | | Classification | | RMB General Facility | | ZAR | | $ | 21,332 | | | $ | 18,067 | | | $ | 3,265 | | | SA Prime – 0.75% | | On demand (April 2, 2026) | | Current | | RMB Revolving Credit Facility A | | USD | | $ | 10,000 | | | $ | 5,000 | | | $ | 5,000 | | | SOFR + 2.5% | | February 1, 2027 | | Current | | RMB Revolving Credit Facility B | | ZAR | | $ | 10,971 | | | $ | — | | | $ | 10,971 | | | South African rand overnight index average + 1.95% | | February 1, 2027 | | Current | | Hapoalim Revolving Credit Facility C | | USD/NIS | | $ | 10,000 | | | $ | 6,648 | | | $ | 3,352 | | | USD-denominated: SOFR + 2.15% NIS-denominated: Hapoalim Prime + 2.5% | | February 27, 2027 | | Current | | Hapoalim Revolving Credit Facility D | | USD | | $ | 20,000 | | | $ | 12,681 | | | $ | 7,319 | | | SOFR + 2.59% | | February 27, 2027 | | Current | | | | | $ | 72,303 | | | $ | 42,396 | | | $ | 29,907 | | | | | | | |
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| Schedule of Long-Term Debt Instruments |
The following table summarizes the Company’s loan facilities as of June 30, 2026 (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Facility | | Denominated Currency | | Original Principal Amount (USD equivalent) | | Outstanding Balance | | Interest Rate | | Final Maturity | | Classification | | Hapoalim Term Facility A | | NIS | | $ | 20,000 | | | $ | 14,260 | | | Hapoalim Prime (5.25%) + 2.2% | | March 18, 2029 | | Non-current | | Hapoalim Term Facility B ** | | NIS | | $ | 10,000 | | | $ | 12,267 | | | Hapoalim Prime (5.25%) + 2.3% | | March 18, 2029 | | Non-current | RMB Term
Facility A | | USD | | $ | 42,500 | | | $ | 42,500 | | | 8.699% to March 31, 2027, thereafter SOFR + 4.85% | | March 31, 2028 | | Non-current | RMB Term
Facility B | | USD | | $ | 42,500 | | | $ | 42,500 | | | 8.979% fixed | | March 31, 2029 | | Non-current | New RMB
Term Facility | | USD | | $ | 125,000 | | | $ | 125,000 | | | 5.0% + SOFR | | October 31, 2029 | | Non-current | | | | | $ | 240,000 | | | $ | 236,527 | | | | | | | |
** The outstanding balance of the Hapoalim Term Facility B exceeds the original USD equivalent principal amount due to foreign currency fluctuations with no required principal payments until maturity.
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| Schedule of Key Assumptions |
The following key assumptions were used in June 30, 2026:
| | | | | | | | | | | | | | Facility A | | Facility B | | | Risk-free interest rate volatility | 31 | % | | 26 | % | | | Risk-free rate | 4.10 | % | | 4.15 | % | | | Credit rating | B | | B | |
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| Schedule of Contractual Maturities of Long-Term Debt |
Scheduled contractual maturities of the long-term debt as of June 30, 2026 are as follows (in thousands):
| | | | | | | | | | Fiscal Year | | Contractual Maturities | | 2027 (remaining) | | $ | — | | | 2028 | | 5,060 | | | 2029 | | 49,247 | | | 2030 | | 57,220 | | | 2031 | | 125,000 | | Thereafter | | — | | | | 236,527 | | | Less: Current portion | | (6,682) | | | Less: Debt costs and prepayment | | (545) | | | Total | | $ | 229,300 | | | | | | | |
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