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Leases (Table Text Block) | 3 Months Ended | 12 Months Ended
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Jun. 30, 2023 | Mar. 31, 2022
Leases [Abstract] |  |
Supplemental Balance Sheet Information Related to Leases | As of June 30, 2023 Finance Operating Total (Unaudited) (In thousands) Buildings and improvements $ – $ 133,248 $ 133,248 Furniture and equipment 7,109 – 7,109 Rental trailers and other rental equipment 128,865 – 128,865 Rental trucks 879,054 – 879,054 Right-of-use assets, gross 1,015,028 133,248 1,148,276 Less: Accumulated depreciation (594,532) (73,770) (668,302) Right-of-use assets, net$ 420,496 $ 59,478 $ 479,974 | 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
Summary of Weighted-average remaining lease terms and Discount rates | Finance leases June 30, March 31, 2023 2023 (Unaudited) Weighted average remaining lease term (years) 2 2 Weighted average discount rate 3.9 % 3.8 % | Operating leases June 30, March 31, 2023 2023 (Unaudited) Weighted average remaining lease term (years) 20.3 19.2 Weighted average discount rate 4.7 % 4.7 %
Components of Lease Expense | Three Months Ended June 30, 2023 June 30, 2022 (Unaudited) (In thousands) Operating lease costs $ 8,102 $ 7,920 Finance lease cost: Amortization of right-of-use assets $ 16,754 $ 22,396 Interest on lease liabilities 2,146 3,218 Total finance lease cost$ 18,900 $ 25,614 |
Maturities of Lease Liabilities | Finance leases Operating leases (Unaudited) Years ending March 31, (In thousands) 2024 (9 months) $ 75,174 $ 18,686 2025 77,194 12,244 2026 46,457 5,534 2027 – 4,087 2028 – 3,483 Thereafter – 62,497 Total lease payments 198,825 106,531 Less: imputed interest (9,788) (47,723) Present value of lease liabilities$ 189,037 $ 58,808 |

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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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