Schedule of Long-term Debt | The following is a summary of CSRA’s debt as of April 1, 2016 and April 3, 2015: | | | | | | | | | | April 1, 2016 | | April 3, 2015 | Revolving credit facility, due November 2020 | $ | 50,000 |
| $ | — |
| Tranche A1 facility, due November 2018 | | 600,000 |
| | — |
| Tranche A2 facility, due November 2020 | | 1,431,875 |
| | — |
|
| | | | | | | | Term Loan B facility, due November 2022 | | 748,125 |
| | — |
| Capitalized lease liability | | 150,721 |
| | 151,284 |
| Total debt | | 2,980,721 |
| | 151,284 |
| | | | | | Less: unamortized debt issuance costs | | (45,676 | ) | | — |
| Less: current portion of long-term debt | | (170,191 | ) | | (21,351 | ) | | | | | | Total long-term debt, net of current maturities (1) | $ | 2,764,854 |
| $ | 129,933 |
| (1) As of April 1, 2016, the fair value of the Company’s debt, based on recent trading activity, approximated carrying value. We determined the fair value of our long-term debt using Level 2 inputs, in which fair value is generally estimated based on quoted market prices for identical or similar instruments. |
|
Schedule of Maturities of Long-term Debt | Expected maturities of long-term debt, excluding future minimum capital lease payments for fiscal years subsequent to fiscal 2016, are as follows: | | | | | Fiscal Year | | Amount (1) | 2017 | $ | 128,000 |
| 2018 | | 80,000 |
| 2019 | | 680,000 |
| 2020 | | 80,000 |
| 2021 | | 1,199,375 |
| Thereafter | | 662,625 |
| Total | $ | 2,830,000 |
| | | | (1) Includes estimated required excess cash flow payments that are due under the credit agreement governing CSRA’s Term Loan Facilities. This does not include excess cash flow or voluntary prepayments of borrowings that the Company may expect to make as such voluntary prepayments are not required under the credit agreement.
|
|