Related Party Transactions

3 Months Ended

Jun. 30, 2023

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

The Company engages in transactions with its equity method investees primarily for the procuring and processing of inventory. The following summarizes sale and purchase transactions with related parties:

	Three Months Ended
	June 30,
	2023		2022
Sales	$	10,817	$	10,622
Purchases	38,789		25,841

The Company included the following related party balances in its condensed consolidated balance sheets:

	June 30, 2023		June 30, 2022		March 31, 2023
Accounts receivable, related parties	$	5,090	$	17,750	$	3,090	Other receivables
Accounts payable, related parties	19,776		10,403		20,438		Accounts payable
Advances from related parties	10,061		1,342		3,494		Advances from customers

Transactions with Significant Shareholders

As described in "Note 9. Debt Arrangements," funds managed by the Glendon Investor, funds managed by the Monarch Investor, and funds managed by Owl Creek Asset Management, L.P., (such funds are collectively referred to as the "Investor-Affiliated Funds") held 2024 Notes and/or Exit Term Loans, were parties to the Initial DDTL Facility Credit Agreement and amendments thereto (including the DDTL Credit Agreement) and the Support Agreement, and received the New Secured Debt pursuant to the Debt Exchange Transactions.

Accrued expenses and other current liabilities as presented in the consolidated balance sheets as of June 30, 2023 and 2022, and March 31, 2023, includes $3,945, $5,953, and $3,653, respectively, of interest payable to Investor-Affiliated Funds and CI Investments, Inc. ("CI Investments"), which is also a beneficial owner of greater than five percent of the Company's common stock. Interest expense as presented in the consolidated statements of operations includes $10,075 and $8,097 for the three months ended June 30, 2023 and 2022 that relates to the Investor-Affiliated Funds and CI Investments.