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v3.19.2

Borrowings (Table Text Block) | 3 Months Ended
--- | ---
Jun. 30, 2019
Debt Instruments [Abstract] |
Long-Term Debt |
|  |  |  |  |  |  |  |  |  |  | June 30, |  | March 31,
| 2020 Rates (a) |  |  | Maturities |  | 2019 |  | 2019
|  |  |  |  |  |  |  | (Unaudited)
|  |  |  |  |  |  |  | (In thousands)
Real estate loan (amortizing term) |  |  |  | 3.91 | % |  |  |  | 2023 | $ | 100,413 | $ | 102,913
Senior mortgages | 3.72 | % | - | 6.62 | % |  | 2021 | - | 2038 |  | 1,729,184 |  | 1,741,652
Real estate loans (revolving credit) | 3.03 | % | - | 3.93 | % |  | 2021 | - | 2024 |  | 435,000 |  | 429,400
Fleet loans (amortizing term) | 1.95 | % | - | 4.66 | % |  | 2019 | - | 2025 |  | 261,677 |  | 263,209
Fleet loans (revolving credit) |  |  |  | 3.59 | % |  | 2021 | - | 2023 |  | 555,000 |  | 530,000
Finance/capital leases (rental equipment) | 1.92 | % | - | 5.04 | % |  | 2019 | - | 2026 |  | 948,206 |  | 1,042,652
Finance liability (rental equipment) | 3.21 | % | - | 4.22 | % |  |  |  | 2026 |  | 259,617 |  | 0
Other obligations | 2.75 | % | - | 8.00 | % |  | 2019 | - | 2048 |  | 82,724 |  | 82,417
Notes, loans and finance/capital leases payable |  |  |  |  |  |  |  |  |  | 4,371,821 |  | 4,192,243
Less: Debt issuance costs |  |  |  |  |  |  |  |  |  |  | (27,886) |  | (28,920)
Total notes, loans and finance/capital leases payable, net |  |  |  |  | $ | 4,343,935 | $ | 4,163,323
(a) Interest rates as of June 30, 2019, including the effect of applicable hedging instruments. |  |  |  |
Annual Maturities of Notes, Loans and Leases Payable |
|  | Year Ended June 30,
|  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Thereafter
|  | (Unaudited)
|  | (In thousands)
Notes, loans and finance/capital leases payable, secured | $ | 511,219 | $ | 394,680 | $ | 811,709 | $ | 555,826 | $ | 767,871 | $ | 1,330,516
Components of interest expense |
|  | Quarter Ended June 30,
|  | 2019 |  | 2018
|  | (Unaudited)
|  | (In thousands)
Interest expense | $ | 43,331 | $ | 34,196
Capitalized interest |  | (5,499) |  | (419)
Amortization of transaction costs |  | 1,053 |  | 961
Interest expense resulting from cash flow hedges |  | 3 |  | 516
Total interest expense | $ | 38,888 | $ | 35,254
Interest rates and company borrowings |
|  | Revolving Credit Activity |
|  | Quarter Ended June 30, |
|  | 2019 |  | 2018 |
|  | (Unaudited) |
|  | (In thousands, except interest rates) |
Weighted average interest rate during the quarter |  | 3.73 | % | 3.11 | %
Interest rate at the end of the quarter |  | 3.69 | % | 3.16 | %
Maximum amount outstanding during the quarter | $ | 990,000 | $ | 525,000 |
Average amount outstanding during the quarter | $ | 967,358 | $ | 497,967 |
Facility fees | $ | 62 | $ | 144 |

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- Definition Our disclosure provides for only the interest expense on borrowings. Within the US-GAAP taxonomy, there is an Interest Income and Interest Expense Disclosure [Text Block], but nothing that specifically covers only Interest Expense. + References No definition available. + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -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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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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