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Notes, Loans and Finance Leases Payable, net (Table Text Block)

3 Months Ended

Jun. 30, 2025

Debt Instruments [Abstract]

Long-Term Debt

Long term debt was as follows:

	Fiscal Year 2026 Interest Rates										Maturities						Weighted Avg Interest Rates (c)					June 30, 2025				March 31, 2025
																						(Unaudited)
																						(In thousands)
Real estate loans (amortizing term) (a)		4.30		%	-		5.80		%		2027			-	2037			5.19		%		$	262,917			$	265,887
Senior mortgages		2.70		%	-		6.05		%		2026			-	2042			4.40		%			2,464,628				2,437,769
Real estate loans (revolving credit)		—		%	-		—		%			—		-	2027		-			%			—				—
Fleet loans (amortizing term)		1.61		%	-		6.02		%		2025			-	2031			5.33		%			117,564				125,839
Fleet loans (revolving credit) (b)		5.18		%	-		5.68		%		2028			-	2030			5.61		%			635,000				625,000
Finance leases (rental equipment)		2.89		%	-		5.01		%		2025			-	2026			4.39		%			32,979				44,338
Finance liability (rental equipment)		1.60		%	-		6.80		%		2025			-	2032			5.13		%			2,006,472				1,963,644
Private placements		2.43		%	-		6.00		%		2029			-	2035			3.62		%			1,700,000				1,700,000
Other obligations		1.50		%	-		8.00		%		2025			-	2049			6.38		%			65,570				66,864
Notes, loans and finance leases payable																							7,285,130				7,229,341
Less: Debt issuance costs																							(35,253	)			(35,484	)
Total notes, loans and finance leases payable, net																						$	7,249,877			$	7,193,857
(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 an interest rate swap fixing the rate for relevant loans between 4.36% and 4.71% based on current margin. The weighted average interest rate calculation for these loans was 5.68% using the swap adjusted interest rate.
(c) Weighted average rates as of June 30, 2025.

Components of interest expense

Components of interest expense included the following:

		Quarter ended June 30,
		2025				2024
		(Unaudited)
		(In thousands)
Interest expense		$	86,619			$	71,147
Capitalized interest			(5,294	)			(4,013	)
Amortization of transaction costs			1,532				1,509
Interest expense resulting from cash flow hedges			(527	)			(1,425	)
Total interest expense		$	82,330			$	67,218

Interest rates and company borrowings

Interest rates and Company borrowings related to our revolving credit facilities were as follows:

		Revolving Credit Activity
		Quarter ended June 30,
			2025				2024
		(Unaudited)
		(In thousands, except interest rates)
Weighted average interest rate during the quarter			5.63		%		6.63		%
Interest rate at the end of the quarter			5.61		%		6.61		%
Maximum amount outstanding during the quarter		$	785,000			$	735,000
Average amount outstanding during the quarter		$	730,604			$	665,861
Facility fees		$	233			$	263

X

- 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.

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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.

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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))
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
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