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Borrowings (Table Text Block) | 3 Months Ended | 9 Months Ended | 12 Months Ended
--- | --- | --- | ---
Dec. 31, 2015 | Dec. 31, 2015 | Dec. 31, 2015
Debt Instruments [Abstract] |  |  |
Long-Term Debt |  | Long-term debt was as follows:
|  |  |  |  | December 31, |  | March 31,
| 2016 Rate (a) |  | Maturities |  | 2015 |  | 2015
|  |  |  |  | (Unaudited) |  |
|  |  |  |  | (In thousands)
Real estate loan (amortizing term) | 6.93% |  | 2023 | $ | 207,500 | $ | 240,000
Senior mortgages | 2.27% - 5.50% |  | 2016 - 2038 |  | 949,163 |  | 717,512
Working capital loan (revolving credit) | - |  | 2016 |  | – |  | –
Fleet loans (amortizing) | 1.95% - 4.76% |  | 2016 - 2022 |  | 198,350 |  | 202,784
Fleet loans (term) | 3.52% - 3.53% |  | 2016 |  | 115,000 |  | 115,000
Fleet loans (securitization) | 4.90% |  | 2017 |  | 65,000 |  | 75,846
Fleet loans (revolving credit) | 1.24% - 2.08% |  | 2017 - 2019 |  | 222,000 |  | 190,000
Capital leases (rental equipment) | 2.18% - 7.92% |  | 2016 - 2022 |  | 608,336 |  | 602,470
Other obligations | 3.00% - 8.00% |  | 2016 - 2045 |  | 59,322 |  | 47,257
Total notes, loans and leases payable |  |  |  | $ | 2,424,671 | $ | 2,190,869
(a) Interest rate as of December 31, 2015, including the effect of applicable hedging instruments. |  |  |  |
Annual Maturities of Notes, Loans and Leases Payable |  |  |
|  | Twelve Months Ending December 31,
|  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | Thereafter
|  | (Unaudited)
|  | (In thousands)
Notes, loans and leases payable, secured | $ | 440,590 | $ | 401,471 | $ | 290,888 | $ | 278,723 | $ | 156,195 | $ | 856,804
Components of interest expense | Components of interest expense include the following:
|  | Quarter Ended December 31,
|  | 2015 |  | 2014
|  | (Unaudited)
|  | (In thousands)
Interest expense | $ | 22,452 | $ | 21,547
Capitalized interest |  | (958) |  | (330)
Amortization of transaction costs |  | 807 |  | 888
Interest expense resulting from derivatives |  | 3,106 |  | 3,614
Total interest expense | $ | 25,407 | $ | 25,719
|  | Nine Months Ended December 31,
|  | 2015 |  | 2014
|  | (Unaudited)
|  | (In thousands)
Interest expense | $ | 61,756 | $ | 62,126
Capitalized interest |  | (2,380) |  | (717)
Amortization of transaction costs |  | 2,298 |  | 2,442
Interest expense resulting from derivatives |  | 9,806 |  | 10,893
Total interest expense |  | 71,480 |  | 74,744
Write-off of transaction costs related to early extinguishment of debt |  | – |  | 298
Fees on early extinguishment of debt |  | – |  | 3,783
Fees and amortization on early extinguishment of debt |  | – |  | 4,081
Total | $ | 71,480 | $ | 78,825
Interest rates and company borrowings | Interest rates and Company borrowings were as follows:
|  | Revolving Credit Activity
|  | Quarter Ended December 31,
|  | 2015 |  | 2014
|  | (Unaudited)
|  | (In thousands, except interest rates)
Weighted average interest rate during the quarter |  | 1.66% |  | 1.62%
Interest rate at the end of the quarter |  | 1.69% |  | 1.66%
Maximum amount outstanding during the quarter | $ | 265,000 | $ | 232,000
Average amount outstanding during the quarter | $ | 258,207 | $ | 219,163
Facility fees | $ | 25 | $ | 91
|  | Revolving Credit Activity
|  | Nine Months Ended December 31,
|  | 2015 |  | 2014
|  | (Unaudited)
|  | (In thousands, except interest rates)
Weighted average interest rate during the period |  | 1.65% |  | 1.71%
Interest rate at the end of the period |  | 1.69% |  | 1.66%
Maximum amount outstanding during the period | $ | 265,000 | $ | 232,000
Average amount outstanding during the period | $ | 224,582 | $ | 188,271
Facility fees | $ | 169 | $ | 289

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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