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Notes, Loans and Finance Leases Payable, net (Table Text Block) | 9 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023
Debt Instruments [Abstract] |  |
Long-Term Debt | Long term debt was as follows:
| Fiscal Year 2025 Interest Rates |  |  |  | Maturities |  | Weighted Avg Interest Rates (c) |  | December 31, 2024 |  |  | March 31, 2024 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (Unaudited) |
|  |  |  |  |  |  |  |  |  |  |  |  |  | (In thousands) |
Real estate loans (amortizing term) (a) |  | 4.30 |  | % | - |  | 6.03 |  | % |  | 2027 |  | - | 2037 |  |  | 5.42 |  | % |  | $ | 268,857 |  |  | $ | 277,767 |
Senior mortgages |  | 2.70 |  | % | - |  | 6.05 |  | % |  | 2026 |  | - | 2042 |  |  | 4.16 |  | % |  |  | 2,167,983 |  |  |  | 2,284,853 |
Real estate loans (revolving credit) |  | — |  | % | - |  | — |  | % |  |  | — |  | - | 2027 |  | - |  | % |  |  | — |  |  |  | — |
Fleet loans (amortizing term) |  | 1.61 |  | % | - |  | 5.92 |  | % |  | 2025 |  | - | 2031 |  |  | 5.12 |  | % |  |  | 120,554 |  |  |  | 70,454 |
Fleet loans (revolving credit) (b) |  | 5.42 |  | % | - |  | 5.93 |  | % |  | 2027 |  | - | 2029 |  |  | 5.81 |  | % |  |  | 615,000 |  |  |  | 573,889 |
Finance leases (rental equipment) |  | 2.89 |  | % | - |  | 5.01 |  | % |  | 2025 |  | - | 2026 |  |  | 4.34 |  | % |  |  | 56,980 |  |  |  | 117,641 |
Finance liability (rental equipment) |  | 1.60 |  | % | - |  | 6.80 |  | % |  | 2025 |  | - | 2031 |  |  | 5.03 |  | % |  |  | 1,931,815 |  |  |  | 1,708,619 |
Private placements |  | 2.43 |  | % | - |  | 6.00 |  | % |  | 2029 |  | - | 2035 |  |  | 3.62 |  | % |  |  | 1,700,000 |  |  |  | 1,200,000 |
Other obligations |  | 1.50 |  | % | - |  | 8.00 |  | % |  | 2025 |  | - | 2049 |  |  | 6.32 |  | % |  |  | 68,402 |  |  |  | 70,815 |
Notes, loans and finance leases payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,929,591 |  |  |  | 6,304,038 |
Less: Debt issuance costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (32,604 | ) |  |  | (32,676 | )
Total notes, loans and finance leases payable, net |  |  |  |  |  |  |  |  |  |  | $ | 6,896,987 |  |  | $ | 6,271,362 |
(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 4.10% using the swap adjusted interest rate. |
(b) Certain loans have interest rate swaps fixing the rate for the relevant loans between 4.36% and 4.71% based on current margin. The weighted average interest rate calculation for these loans was 5.82% using the swap adjusted interest rate. |
(c) Weighted average rates as of December 31, 2024. |
Annual Maturities of Notes, Loans and Leases Payable |
|  | Years Ended December 31, |
|  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |  |  | Thereafter |  |  | Total |
|  | (Unaudited) |  |  |  |
|  | (In thousands) |  |  |  |
Notes, loans and finance leases payable |  | $ | 527,358 |  |  | $ | 938,448 |  |  | $ | 1,056,361 |  |  | $ | 670,110 |  |  | $ | 758,767 |  |  | $ | 2,978,547 |  |  | $ | 6,929,591 |
Components of interest expense |
|  | Quarter ended December 31, |
|  | 2024 |  |  | 2023 |
|  | (Unaudited) |
|  | (In thousands) |
Interest expense |  | $ | 80,760 |  |  | $ | 71,061 |
Capitalized interest |  |  | (4,608 | ) |  |  | (4,006 | )
Amortization of transaction costs |  |  | 1,390 |  |  |  | 1,868 |
Interest expense resulting from cash flow hedges |  |  | (961 | ) |  |  | (1,473 | )
Total interest expense |  | $ | 76,581 |  |  | $ | 67,450 |
|  | Nine months ended December 31, |
|  | 2024 |  |  | 2023 |
|  | (Unaudited) |
|  | (In thousands) |
Interest expense |  | $ | 226,148 |  |  | $ | 202,985 |
Capitalized interest |  |  | (11,188 | ) |  |  | (11,738 | )
Amortization of transaction costs |  |  | 4,229 |  |  |  | 4,711 |
Interest expense resulting from cash flow hedges |  |  | (3,892 | ) |  |  | (3,967 | )
Total interest expense |  | $ | 215,297 |  |  | $ | 191,991 |
|  | Quarter ended December 31, |
|  | 2024 |  |  | 2023 |
|  | (Unaudited) |
|  | (In thousands) |
Interest expense |  | $ | 80,760 |  |  | $ | 71,061 |
Capitalized interest |  |  | (4,608 | ) |  |  | (4,006 | )
Amortization of transaction costs |  |  | 1,390 |  |  |  | 1,868 |
Interest expense resulting from cash flow hedges |  |  | (961 | ) |  |  | (1,473 | )
Total interest expense |  | $ | 76,581 |  |  | $ | 67,450 |
|  | Nine months ended December 31, |
|  | 2024 |  |  | 2023 |
|  | (Unaudited) |
|  | (In thousands) |
Interest expense |  | $ | 226,148 |  |  | $ | 202,985 |
Capitalized interest |  |  | (11,188 | ) |  |  | (11,738 | )
Amortization of transaction costs |  |  | 4,229 |  |  |  | 4,711 |
Interest expense resulting from cash flow hedges |  |  | (3,892 | ) |  |  | (3,967 | )
Total interest expense |  | $ | 215,297 |  |  | $ | 191,991 |
Interest rates and company borrowings |
|  | Revolving Credit Activity |  |
|  | Quarter ended December 31, |  |
|  |  | 2024 |  |  |  | 2023 |  |
|  | (Unaudited) |  |
|  | (In thousands, except interest rates) |  |
Weighted average interest rate during the quarter |  |  | 6.05 |  | % |  | 6.64 |  | %
Interest rate at the end of the quarter |  |  | 5.88 |  | % |  | 6.63 |  | %
Maximum amount outstanding during the quarter |  | $ | 765,000 |  |  | $ | 710,000 |  |
Average amount outstanding during the quarter |  | $ | 745,272 |  |  | $ | 669,372 |  |
Facility fees |  | $ | 214 |  |  | $ | 259 |  |
|  | Revolving Credit Activity |  |
|  | Nine months ended December 31, |  |
|  |  | 2024 |  |  |  | 2023 |  |
|  | (Unaudited) |  |
|  | (In thousands, except interest rates) |  |
Weighted average interest rate during the period |  |  | 6.43 |  | % |  | 6.47 |  | %
Interest rate at the end of the period |  |  | 5.88 |  | % |  | 6.63 |  | %
Maximum amount outstanding during the period |  | $ | 765,000 |  |  | $ | 715,000 |  |
Average amount outstanding during the period |  | $ | 665,376 |  |  | $ | 641,941 |  |
Facility fees |  | $ | 793 |  |  | $ | 830 |  |
|  | Revolving Credit Activity |  |
|  | Quarter ended December 31, |  |
|  |  | 2024 |  |  |  | 2023 |  |
|  | (Unaudited) |  |
|  | (In thousands, except interest rates) |  |
Weighted average interest rate during the quarter |  |  | 6.05 |  | % |  | 6.64 |  | %
Interest rate at the end of the quarter |  |  | 5.88 |  | % |  | 6.63 |  | %
Maximum amount outstanding during the quarter |  | $ | 765,000 |  |  | $ | 710,000 |  |
Average amount outstanding during the quarter |  | $ | 745,272 |  |  | $ | 669,372 |  |
Facility fees |  | $ | 214 |  |  | $ | 259 |  |
|  | Revolving Credit Activity |  |
|  | Nine months ended December 31, |  |
|  |  | 2024 |  |  |  | 2023 |  |
|  | (Unaudited) |  |
|  | (In thousands, except interest rates) |  |
Weighted average interest rate during the period |  |  | 6.43 |  | % |  | 6.47 |  | %
Interest rate at the end of the period |  |  | 5.88 |  | % |  | 6.63 |  | %
Maximum amount outstanding during the period |  | $ | 765,000 |  |  | $ | 715,000 |  |
Average amount outstanding during the period |  | $ | 665,376 |  |  | $ | 641,941 |  |
Facility fees |  | $ | 793 |  |  | $ | 830 |  |

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