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Borrowings (Table Text Block) | 3 Months Ended
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Jun. 30, 2021
Debt Instruments [Abstract] |
Long-Term Debt | June 30, March 31, 2022 Rates (a) Maturities 2021 2021 (Unaudited) (In thousands) Real estate loan (amortizing term) 1.60 % 2023 $ 55,257 $ 82,913 Senior mortgages 2.80 % - 6.62 % 2021 - 2038 2,122,167 2,125,324 Real estate loans (revolving credit) (a) 1.47 % - 3.14 % 2023 - 2025 535,000 535,000 Fleet loans (amortizing term) 1.61 % - 4.66 % 2022 - 2028 162,528 176,295 Fleet loans (revolving credit) 1.24 % 1.34 % 2023 - 2025 553,000 535,000 Finance leases (rental equipment) 1.92 % - 5.04 % 2021 - 2026 468,484 513,623 Finance liability (rental equipment) 1.60 % - 4.22 % 2024 2029 718,585 644,375 Other obligations 1.75 % - 8.00 % 2021 - 2049 87,106 86,085 Notes, loans and finance leases payable 4,702,127 4,698,615 Less: Debt issuance costs (28,744) (29,708) Total notes, loans and finance leases payable, net $ 4,673,383 $ 4,668,907 (a) Certain loans have interest rate swaps fixing the rate between 3.03% and 3.14% based on current margins.
Annual Maturities of Notes, Loans and Leases Payable | Years Ending June 30, 2022 2023 2024 2025 2026 Thereafter (Unaudited) (In thousands) Notes, loans and finance leases payable, secured$ 510,380 $ 673,861 $ 1,152,549 $ 561,740 $ 410,089 $ 1,393,508
Components of interest expense | Quarter Ended June 30, 2021 2020 (Unaudited) (In thousands) Interest expense $ 38,935 $ 41,911 Capitalized interest (2,030) (4,434) Amortization of transaction costs 1,286 1,297 Interest expense resulting from cash flow hedges 987 747 Total interest expense$ 39,178 $ 39,521
Interest rates and company borrowings | Revolving Credit Activity Quarter Ended June 30, 2021 2020 (Unaudited) (In thousands, except interest rates) Weighted average interest rate during the quarter 1.39 % 2.02 % Interest rate at the end of the quarter 1.38 % 1.67 % Maximum amount outstanding during the quarter $ 1,088,000 $ 1,175,000 Average amount outstanding during the quarter $ 1,073,055 $ 1,161,385 Facility fees$ 71 $ 4

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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 + 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=123465755&loc=d3e1835-112601 + Details
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