Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.20.1
Debt (Tables)
12 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Summary of debt
A summary of debt is as follows (amounts in thousands):
 
 
March 31,
 
 
2020
 
2019
TOKIN Term Loan Facility (1)
 
$
258,678

 
$
276,808

Other, net (2)
 
6,106

 
6,393

Total debt
 
264,784

 
283,201

Current maturities
 
(29,111
)
 
(28,430
)
Total long-term debt
 
$
235,673

 
$
254,771

______________________________________________________________________________
(1) Amount shown is net of discount, bank issuance costs and other indirect issuance costs of $7.4 million and $8.7 million as of March 31, 2020 and 2019, respectively.
(2) Amounts shown are net of discounts of $0.4 million and $0.6 million as of March 31, 2020 and 2019, respectively.
Schedule of cash and non-cash components of interest expense
The line item “Interest expense” on the Consolidated Statements of Operations for the fiscal years 2020, 2019 and 2018, respectively, is as follows (amounts in thousands):
 
 
Fiscal Years Ended March 31,
 
 
2020
 
2019
 
2018
Contractual interest expense
 
$
6,935

 
$
19,471

 
$
30,323

Capitalized interest
 
(240
)
 
(232
)
 
(141
)
Amortization of debt issuance costs
 
428

 
334

 
511

Amortization of debt (premium) discount
 
3,749

 
1,481

 
1,843

Imputed interest on acquisition related obligations
 
(4
)
 
57

 
113

Interest expense on capital leases
 
153

 
128

 
233

Total interest expense
 
$
11,021

 
$
21,239

 
$
32,882


Schedule of the Company's annual maturities of debt
The following table highlights the Company’s annual cash maturities of debt (amounts in thousands):
 
Annual Maturities of Debt Fiscal Years Ended March 31,
 
2021
 
2022
 
2023
 
2024
 
2025
 
Thereafter
TOKIN Term Loan Facility
$
25,340

 
$
25,340

 
$
25,340

 
$
25,340

 
$
164,709

 
$

Other
3,771

 
631

 
631

 
631

 
631

 
254

 
$
29,111

 
$
25,971

 
$
25,971

 
$
25,971

 
$
165,340

 
$
254