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LONG-TERM DEBT (Tables)
9 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Long-Term Debt

Long-term Debt consists of the following:

 

 

December 31,

 

 

March 31,

 

 

 

2019

 

 

2019

 

 

 

(dollars in thousands)

 

Bank Credit Facility

 

$

585,000

 

 

$

310,000

 

4.500% Senior Unsecured Notes Due 2026

 

 

350,000

 

 

 

350,000

 

Private Placement Senior Unsecured Notes

 

 

 

 

 

36,500

 

Total Debt

 

 

935,000

 

 

 

696,500

 

Less: Current Portion of Long-term Debt

 

 

 

 

 

(36,500

)

Less: Debt Origination Costs

 

 

(4,406

)

 

 

(4,908

)

Long-term Debt

 

$

930,594

 

 

$

655,092

 

 

Schedule of Senior Unsecured Notes Redemption Prices Beginning August 1, 2021, we may redeem some or all of the Senior Unsecured Notes at the redemption prices set forth below (expressed as a percentage of the principal amount being redeemed):

 

 

Percentage

 

2021

 

 

102.25

%

2022

 

 

101.50

%

2023

 

 

100.75

%

2024 and thereafter

 

 

100.00

%