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Leases (Table Text Block) | 3 Months Ended
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Jun. 30, 2024
Leases [Abstract] |
Supplemental Balance Sheet Information Related to Leases |
|  | As of June 30, 2024 |
|  | Finance |  |  | Operating |  |  | Total |
|  | (Unaudited) |
|  | (In thousands) |
Buildings and improvements |  | $ | — |  |  | $ | 81,571 |  |  | $ | 81,571 |
Furniture and equipment |  |  | 61 |  |  |  | — |  |  |  | 61 |
Rental trailers and other rental equipment |  |  | 104,092 |  |  |  | — |  |  |  | 104,092 |
Rental trucks |  |  | 585,415 |  |  |  | — |  |  |  | 585,415 |
Right-of-use assets, gross |  |  | 689,568 |  |  |  | 81,571 |  |  |  | 771,139 |
Less: Accumulated depreciation |  |  | (423,824 | ) |  |  | (28,316 | ) |  |  | (452,140 | )
Right-of-use assets, net |  | $ | 265,744 |  |  | $ | 53,255 |  |  | $ | 318,999 |
|  | As of March 31, 2024 |
|  | Finance |  |  | Operating |  |  | Total |
|  | (Unaudited) |
|  | (In thousands) |
Buildings and improvements |  | $ | — |  |  | $ | 79,317 |  |  | $ | 79,317 |
Furniture and equipment |  |  | 61 |  |  |  | — |  |  |  | 61 |
Rental trailers and other rental equipment |  |  | 114,607 |  |  |  | — |  |  |  | 114,607 |
Rental trucks |  |  | 607,521 |  |  |  | — |  |  |  | 607,521 |
Right-of-use assets, gross |  |  | 722,189 |  |  |  | 79,317 |  |  |  | 801,506 |
Less: Accumulated depreciation |  |  | (432,884 | ) |  |  | (25,605 | ) |  |  | (458,489 | )
Right-of-use assets, net |  | $ | 289,305 |  |  | $ | 53,712 |  |  | $ | 343,017 |
Summary of Weighted-average remaining lease terms and Discount rates |
|  | Finance leases |  |
|  | June 30, |  |  | March 31, |  |
|  | 2024 |  |  | 2024 |  |
|  | (Unaudited) |  |  |  |  |
Weighted average remaining lease term (years) |  | 1 |  |  | 1 |  |
Weighted average discount rate |  |  | 4.2 |  | % |  | 4.1 |  | %
|  | Operating leases |  |
|  | June 30, |  |  | March 31, |  |
|  | 2024 |  |  | 2024 |  |
|  | (Unaudited) |  |  |  |  |
Weighted average remaining lease term (years) |  | 22 |  |  | 21.9 |  |
Weighted average discount rate |  |  | 4.6 |  | % |  | 4.6 |  | %
Components of Lease Expense |
|  | Three months ended |
|  | June 30, 2024 |  |  | June 30, 2023 |
|  | (Unaudited) |
|  | (In thousands) |
Operating lease costs |  | $ | 5,605 |  |  | $ | 8,102 |
Finance lease cost: |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 9,833 |  |  | $ | 16,754 |
Interest on lease liabilities |  |  | 1,207 |  |  |  | 2,146 |
Total finance lease cost |  | $ | 11,040 |  |  | $ | 18,900 |
Maturities of Lease Liabilities |
|  | Finance leases |  |  | Operating leases |
|  | (Unaudited) |
Year ending March 31, |  | (In thousands) |
2025 (9 months) |  | $ | 67,577 |  |  | $ | 9,850 |
2026 |  |  | 34,473 |  |  |  | 10,029 |
2027 |  |  | — |  |  |  | 7,941 |
2028 |  |  | — |  |  |  | 6,792 |
2029 |  |  | — |  |  |  | 5,203 |
Thereafter |  |  | — |  |  |  | 61,754 |
Total lease payments |  |  | 102,050 |  |  |  | 101,569 |
Less: imputed interest |  |  | (3,668 | ) |  |  | (47,084 | )
Present value of lease liabilities |  | $ | 98,382 |  |  | $ | 54,485 |

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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