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v3.23.1

Leases (Table Text Block) | 12 Months Ended
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Mar. 31, 2023 | Mar. 31, 2022
Leases [Abstract] |  |
Supplemental Balance Sheet Information Related to Leases | As of March 31, 2023 Finance Operating Total (In thousands) Buildings and improvements $ – $ 128,221 $ 128,221 Furniture and equipment 9,687 – 9,687 Rental trailers and other rental equipment 152,294 – 152,294 Rental trucks 949,838 – 949,838 Right-of-use assets, gross 1,111,819 128,221 1,240,040 Less: Accumulated depreciation (637,054) (69,304) (706,358) Right-of-use assets, net$ 474,765 $ 58,917 $ 533,682 | As of March 31, 2022 Finance Operating Total (In thousands) Buildings and improvements $ – $ 136,444 $ 136,444 Furniture and equipment 14,731 – 14,731 Rental trailers and other rental equipment 169,514 – 169,514 Rental trucks 1,114,248 – 1,114,248 Right-of-use assets, gross 1,298,493 136,444 1,434,937 Less: Accumulated depreciation (677,669) (62,062) (739,731) Right-of-use assets, net$ 620,824 $ 74,382 $ 695,206
Summary of Weighted-average remaining lease terms and Discount rates | Financing leases March 31, 2023 2022 Weighted average remaining lease term (years) 2 3 Weighted average discount rate 3.8 % 3.7 % | Operating leases March 31, 2023 2022 Weighted average remaining lease term (years) 19.2 16.5 Weighted average discount rate 4.7 % 4.6 %
Lease costs | Twelve Months Ended March 31, 2023 2022 (In thousands) Operating lease costs $ 32,878 $ 30,239 Finance lease cost: Amortization of right-of-use assets $ 81,006 $ 115,199 Interest on lease liabilities 11,199 15,289 Total finance lease cost$ 92,205 $ 130,488 |
Maturities of Lease Liabilities | Finance leases Operating leases Year ending March 31, (In thousands) 2024 $ 110,812 $ 24,338 2025 77,621 11,540 2026 46,763 4,957 2027 – 3,555 2028 – 2,951 Thereafter – 56,615 Total lease payments 235,196 103,956 Less: imputed interest (11,991) (45,583) Present value of lease liabilities$ 223,205 $ 58,373 |

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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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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