Debt (Tables)

12 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Debt

Consolidated long-term debt of the Company consisted of the following:

	March 31,
	2022		2021
Term loan	502,560		254,900
Unamortized deferred financing costs, net	(5,425)		(5,946)
Total debt	497,135		248,954
Less: current portion	40,000		4,450
Total debt, less current portion	$	457,135	$	244,504

Schedule of Maturities of Long-term Debt

The principal payments obligated to be made as of March 31, 2022 on the Term Loan B facility are as follows:

2023	$	5,260
2024	5,260
2025	5,260
2026	5,260
Thereafter	481,520
	$	502,560

In connection with Dorner acquisition, the Company recorded a finance lease for a manufacturing facility in Hartland, WI under a 23 year lease agreement, which terminates in 2035. The outstanding balance on the finance lease obligation is $14,084,000 as of March 31, 2022 of which $544,000 has been recorded within the Current portion of long term debt and the remaining balance recorded within Term loan and finance lease obligations on the Company's Condensed Consolidated Balance Sheet. See Note 18, Leases, for further details.