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Borrowings (Table Text Block) | 3 Months Ended | 9 Months Ended
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Dec. 31, 2019 | Dec. 31, 2019
Debt Instruments [Abstract] |  |
Long-Term Debt |  | Long-term debt was as follows: December 31, March 31, 2020 Rates (a) Maturities 2019 2019 (Unaudited) (In thousands) Real estate loan (amortizing term) 3.22 % 2023 $ 95,413 $ 102,913 Senior mortgages 3.36 % - 6.62 % 2021 - 2038 1,953,704 1,741,652 Real estate loans (revolving credit) 3.03 % - 3.20 % 2022 - 2024 435,000 429,400 Fleet loans (amortizing term) 1.95 % - 4.66 % 2020 - 2027 231,043 263,209 Fleet loans (revolving credit) 2.84 % - 2.86 % 2022 - 2024 585,000 530,000 Finance/capital leases (rental equipment) 1.92 % - 5.04 % 2020 - 2026 795,465 1,042,652 Finance liability (rental equipment) 2.73 % - 4.22 % 2024 - 2026 398,157 – Other obligations 2.50 % - 8.00 % 2020 - 2048 84,159 82,417 Notes, loans and finance/capital leases payable 4,577,941 4,192,243 Less: Debt issuance costs (29,332) (28,920) Total notes, loans and finance/capital leases payable, net $ 4,548,609 $ 4,163,323 (a) Interest rates as of December 31, 2019, including the effect of applicable hedging instruments.
Annual Maturities of Notes, Loans and Leases Payable |  | Year Ending December 31, 2020 2021 2022 2023 2024 Thereafter (Unaudited) (In thousands) Notes, loans and finance/capital leases payable, secured $ 483,060 $ 446,465 $ 995,089 $ 596,752 $ 586,102 $ 1,470,473
Components of interest expense | Quarter Ended December 31, 2019 2018 (Unaudited) (In thousands) Interest expense $ 45,037 $ 38,825 Capitalized interest (5,775) (5,055) Amortization of transaction costs 1,176 909 Interest expense effect resulting from cash flow hedges (465) 148 Total interest expense $ 39,973 $ 34,827 | Nine Months Ended December 31, 2019 2018 (Unaudited) (In thousands) Interest expense $ 133,111 $ 109,241 Capitalized interest (17,943) (7,701) Amortization of transaction costs 3,276 2,751 Interest expense effect resulting from cash flow hedges (461) 820 Total interest expense $ 117,983 $ 105,111
Interest rates and company borrowings | Revolving Credit Activity Quarter Ended December 31, 2019 2018 (Unaudited) (In thousands, except interest rates) Weighted average interest rate during the quarter 3.09 % 3.52 % Interest rate at the end of the quarter 2.95 % 3.57 % Maximum amount outstanding during the quarter $ 1,025,000 $ 865,000 Average amount outstanding during the quarter $ 1,014,511 $ 812,174 Facility fees $ 40 $ 41 | Revolving Credit Activity Nine Months Ended December 31, 2019 2018 (Unaudited) (In thousands, except interest rates) Weighted average interest rate during the period 3.44 % 3.31 % Interest rate at the end of the period 2.95 % 3.57 % Maximum amount outstanding during the period $ 1,025,000 $ 865,000 Average amount outstanding during the period $ 995,508 $ 632,509 Facility fees $ 147 $ 313

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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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