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v3.25.1

Interest on Borrowings (Table Text Block) | 12 Months Ended
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Mar. 31, 2025
Interest Expense, Borrowings [Abstract] |
Components of interest expense | Components of interest expense include the following:
|  | Years Ended March 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | (In thousands) |
Interest expense | $ |  | 308,925 |  | $ |  | 269,941 |  | $ |  | 229,559 |
Capitalized interest |  |  | (14,427 | ) |  |  | (14,482 | ) |  |  | (11,814 | )
Amortization of transaction costs |  |  | 5,658 |  |  |  | 6,131 |  |  |  | 6,987 |
Interest expense resulting from cash flow hedges |  |  | (4,440 | ) |  |  | (5,415 | ) |  |  | (774 | )
Total interest expense |  |  | 295,716 |  |  |  | 256,175 |  |  |  | 223,958 |
Interest rates and company borrowings | Interest rates and our revolving credit borrowings were as follows:
|  | Revolving Credit Activity |  |
|  | Years Ended March 31, |  |
|  | 2025 |  |  | 2024 |  |  | 2023 |  |
|  | (In thousands, except interest rates) |  |
Weighted average interest rate during the year |  |  | 6.23 |  | % |  | 6.51 |  | % |  | 3.93 |  | %
Interest rate at year end |  |  | 5.62 |  | % |  | 6.61 |  | % |  | 5.89 |  | %
Maximum amount outstanding during the year | $ |  | 765,000 |  | $ |  | 715,000 |  | $ |  | 1,105,000 |  |
Average amount outstanding during the year | $ |  | 652,215 |  | $ |  | 631,653 |  | $ |  | 824,211 |  |
Facility fees | $ |  | 1,083 |  | $ |  | 1,139 |  | $ |  | 733 |  |

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- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + 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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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