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Borrowings (Table Text Block) | 3 Months Ended
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Jun. 30, 2023
Debt Instruments [Abstract] |
Long-Term Debt | Fiscal Year 2024 Weighted Avg June 30, March 31, Interest Rates Maturities Interest Rates (b) 2023 2023 (Unaudited) (In thousands) Real estate loans (amortizing term) (a) 4.30 % - 6.64 % 2027 - 2037 5.78 % $ 286,677 $ 289,647 Senior mortgages 2.70 % - 5.50 % 2024 - 2042 4.14 % 2,457,739 2,371,231 Real estate loans (revolving credit) - % - - % - - 2027 – % – – Fleet loans (amortizing term) 1.61 % - 5.68 % 2023 - 2029 3.73 % 100,225 111,856 Fleet loans (revolving credit) 2.36 % - 6.50 % 2026 - 2028 5.72 % 590,000 615,000 Finance leases (rental equipment) 2.37 % - 5.01 % 2023 - 2026 3.92 % 189,037 223,205 Finance liabilities (rental equipment) 1.60 % - 6.13 % 2024 - 2031 4.12 % 1,425,854 1,255,763 Private placements 2.43 % - 2.88 % 2029 - 2035 2.65 % 1,200,000 1,200,000 Other obligations 1.50 % - 8.00 % 2023 - 2049 6.06 % 74,250 76,648 Notes, loans and finance leases payable 6,323,782 6,143,350 Less: Debt issuance costs (36,551) (35,308) Total notes, loans and finance leases payable, net $ 6,287,231 $ 6,108,042 (a) Certain loans have interest rate swaps fixing the rate for the relevant loans between 2.72% and 2.86% based on current margin. The weighted average interest rate calculation for these loans was 4.08% using the swap adjusted interest rate. (b) Weighted average rates as of June 30, 2023
Annual Maturities of Notes, Loans and Leases Payable | Years Ending June 30, 2024 2025 2026 2027 2028 Thereafter Total (Unaudited) (In thousands) Notes, loans and finance leases payable$ 635,909 $ 474,221 $ 762,745 $ 766,958 $ 833,278 $ 2,850,671 $ 6,323,782
Components of interest expense | Quarter Ended June 30, 2023 2022 (Unaudited) (In thousands) Interest expense $ 64,400 $ 50,405 Capitalized interest (4,063) (2,618) Amortization of transaction costs 1,411 1,446 Interest expense resulting from cash flow hedges (1,150) 566 Total interest expense$ 60,598 $ 49,799
Interest rates and company borrowings | Revolving Credit Activity Quarter Ended June 30, 2023 2022 (Unaudited) (In thousands, except interest rates) Weighted average interest rate during the quarter 6.26 % 1.99 % Interest rate at the end of the quarter 6.41 % 2.29 % Maximum amount outstanding during the quarter $ 715,000 $ 1,095,000 Average amount outstanding during the quarter $ 660,330 $ 1,095,000 Facility fees$ 265 $ 58

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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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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