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v3.25.1

Leases (Table Text Block) | 12 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Supplemental Balance Sheet Information Related to Leases |
|  | As of March 31, 2025 |
|  | Finance |  |  |  | Operating |  |  |  | Total |
|  | (In thousands) |
Buildings and improvements | $ |  | — |  |  | $ |  | 71,330 |  |  | $ |  | 71,330 |
Furniture and equipment |  |  | 61 |  |  |  |  | — |  |  |  |  | 61 |
Rental trailers and other rental equipment |  |  | 58,071 |  |  |  |  | — |  |  |  |  | 58,071 |
Rental trucks |  |  | 309,475 |  |  |  |  | — |  |  |  |  | 309,475 |
Right-of-use assets, gross |  |  | 367,607 |  |  |  |  | 71,330 |  |  |  |  | 438,937 |
Less: Accumulated depreciation |  |  | (228,909 | ) |  |  |  | (25,305 | ) |  |  |  | (254,214 | )
Right-of-use assets, net | $ |  | 138,698 |  |  | $ |  | 46,025 |  |  | $ |  | 184,723 |
|  | As of March 31, 2024 |
|  | Finance |  |  | Operating |  |  | Total |
|  | (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 |
|  | Financing leases |  |
|  | March 31, |  |
|  | 2025 |  |  |  | 2024 |  |
Weighted average remaining lease term (years) |  |  | 0.6 |  |  |  |  | 1 |  |
Weighted average discount rate |  |  | 4.4 |  | % |  |  | 4.1 |  | %
|  | Operating leases |  |
|  | March 31, |  |
|  | 2025 |  |  |  | 2024 |  |
Weighted average remaining lease term (years) |  |  | 24.1 |  |  |  |  | 21.9 |  |
Weighted average discount rate |  |  | 4.6 |  | % |  |  | 4.6 |  | %
Components of Lease Expense |
|  | Twelve Months Ended March 31, |
|  | 2025 |  |  | 2024 |
|  | (In thousands) |
Operating lease costs | $ |  | 22,907 |  | $ |  | 34,609 |
Finance lease cost: |  |  |  |  |  |
Amortization of right-of-use assets | $ |  | 29,014 |  | $ |  | 55,085 |
Interest on lease liabilities |  |  | 3,666 |  |  |  | 6,990 |
Total finance lease cost | $ |  | 32,680 |  | $ |  | 62,075 |
Maturities of Lease Liabilities |
|  | Finance leases |  |  | Operating leases |
Year ending March 31, |  | (In thousands) |
2026 | $ |  | 45,531 |  | $ |  | 10,586 |
2027 |  |  | — |  |  |  | 8,171 |
2028 |  |  | — |  |  |  | 6,805 |
2029 |  |  | — |  |  |  | 5,220 |
2030 |  |  | — |  |  |  | 3,949 |
Thereafter |  |  | — |  |  |  | 57,276 |
Total lease payments |  |  | 45,531 |  |  |  | 92,007 |
Less: imputed interest |  |  | (1,193 | ) |  |  | (45,034 | )
Present value of lease liabilities | $ |  | 44,338 |  | $ |  | 46,973 |

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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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