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Leases (Table Text Block) | 3 Months Ended
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Jun. 30, 2021
Leases [Abstract] |
Supplemental Balance Sheet Information Related to Leases | As of June 30, 2021 Finance Operating Total (Unaudited) (In thousands) Buildings and improvements $ – $ 135,174 $ 135,174 Furniture and equipment 22,176 – 22,176 Rental trailers and other rental equipment 197,981 – 197,981 Rental trucks 1,395,144 – 1,395,144 Right-of-use assets, gross 1,615,301 135,174 1,750,475 Less: Accumulated depreciation (800,426) (45,805) (846,231) Right-of-use assets, net $ 814,875 $ 89,369 $ 904,244 As of March 31, 2021 Finance Operating Total (In thousands) Buildings and improvements $ – $ 132,901 $ 132,901 Furniture and equipment 22,316 – 22,316 Rental trailers and other rental equipment 203,594 – 203,594 Rental trucks 1,494,098 – 1,494,098 Right-of-use assets, gross 1,720,008 132,901 1,852,909 Less: Accumulated depreciation (842,970) (40,396) (883,366) Right-of-use assets, net$ 877,038 $ 92,505 $ 969,543
Summary of Weighted-average remaining lease terms and Discount rates | Finance leases June 30, March 31, 2021 2021 Weighted average remaining lease term (years) 3 3 Weighted average discount rate 3.6 % 3.6 % Operating leases June 30, March 31, 2021 2021 Weighted average remaining lease term (years) 14.8 14.7 Weighted average discount rate 4.6 % 4.6 %
Components of Lease Expense | Three Months Ended June 30, 2021 June 30, 2020 (Unaudited) (In thousands) Operating lease costs $ 8,077 $ 7,137 Finance lease cost: Amortization of right-of-use assets $ 183,277 $ 40,836 Interest on lease liabilities 4,571 6,282 Total finance lease cost$ 187,848 $ 47,118
Maturities of Lease Liabilities | Finance leases Operating leases (Unaudited) Years ending June 30, (In thousands) 2022 $ 168,277 $ 24,926 2023 132,482 22,560 2024 98,586 21,418 2025 68,555 6,414 2026 35,679 3,560 Thereafter – 61,302 Total lease payments 503,579 140,180 Less: imputed interest (35,095) (50,790) Present value of lease liabilities$ 468,484 $ 89,390

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- Definition Schedule of maturities of operating and finance leases liabilities. + References No definition available. + Details
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- Definition Schedule of supplemental balance sheet information related to leases. + References No definition available. + Details
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- Definition Schedule of weighted-average remaining lease terms and discount rates. + References No definition available. + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- References No definition available. + Details
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