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Borrowings (Table Text Block) | 3 Months Ended
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Jun. 30, 2020
Debt Instruments [Abstract] |
Long-Term Debt | June 30, March 31, 2021 Rates (a) Maturities 2020 2020 (Unaudited) (In thousands) Real estate loan (amortizing term) 1.68 % 2023 $ 90,413 $ 92,913 Senior mortgages 3.11 % - 6.62 % 2021 - 2038 2,015,495 2,029,878 Real estate loans (revolving credit) 1.58 % - 3.25 % 2022 - 2025 535,000 519,000 Fleet loans (amortizing term) 2.04 % - 4.66 % 2020 - 2027 200,983 224,089 Fleet loans (revolving credit) 1.32 % 2022 - 2024 570,000 567,000 Finance/capital leases (rental equipment) 1.92 % - 5.04 % 2020 - 2026 666,316 734,870 Finance liability (rental equipment) 1.63 % - 4.22 % 2020 2028 447,416 398,834 Other obligations 2.50 % - 8.00 % 2020 - 2049 282,524 84,484 Notes, loans and finance/capital leases payable 4,808,147 4,651,068 Less: Debt issuance costs (30,184) (29,777) Total notes, loans and finance/capital leases payable, net $ 4,777,963 $ 4,621,291 (a) Interest rates as of June 30, 2020, including the effect of applicable hedging instruments.
Annual Maturities of Notes, Loans and Leases Payable | Year Ended June 30, 2021 2022 2023 2024 2025 Thereafter (Unaudited) (In thousands) Notes, loans and finance/capital leases payable, secured $ 683,816 $ 770,912 $ 778,383 $ 793,838 $ 290,267 $ 1,490,931
Components of interest expense | Quarter Ended June 30, 2020 2019 (Unaudited) (In thousands) Interest expense $ 41,911 $ 43,331 Capitalized interest (4,434) (5,499) Amortization of transaction costs 1,297 1,053 Interest expense resulting from cash flow hedges 747 3 Total interest expense $ 39,521 $ 38,888
Interest rates and company borrowings | Revolving Credit Activity Quarter Ended June 30, 2020 2019 (Unaudited) (In thousands, except interest rates) Weighted average interest rate during the quarter 2.02 % 3.73 % Interest rate at the end of the quarter 1.67 % 3.69 % Maximum amount outstanding during the quarter $ 1,175,000 $ 990,000 Average amount outstanding during the quarter $ 1,161,385 $ 967,358 Facility fees $ 4 $ 62

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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=120391452&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=120395691&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + 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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