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Leases (Table Text Block)
6 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases

 

 

As of September 30, 2025

 

 

 

Finance

 

 

Operating

 

 

Total

 

 

 

(Unaudited)

 

 

 

(In thousands)

 

Buildings and improvements

 

$

 

 

$

71,694

 

 

$

71,694

 

Furniture and equipment

 

 

61

 

 

 

 

 

 

61

 

Rental trailers and other rental equipment

 

 

24,343

 

 

 

 

 

 

24,343

 

Rental trucks

 

 

149,219

 

 

 

 

 

 

149,219

 

Right-of-use assets, gross

 

 

173,623

 

 

 

71,694

 

 

 

245,317

 

Less: Accumulated depreciation

 

 

(110,987

)

 

 

(29,882

)

 

 

(140,869

)

Right-of-use assets, net

 

$

62,636

 

 

$

41,812

 

 

$

104,448

 

Summary of Weighted-average remaining lease terms and Discount rates

 

 

Finance leases

 

 

 

 

September 30,

 

 

March 31,

 

 

 

 

2025

 

 

2025

 

 

 

 

(Unaudited)

 

 

Weighted average remaining lease term (years)

 

 

0.3

 

 

0.6

 

 

Weighted average discount rate

 

 

4.3

 

%

 

4.4

 

%

Components of Lease Expense

 

 

Six months ended

 

 

 

September 30, 2025

 

 

September 30, 2024

 

 

 

(Unaudited)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

Operating lease costs

 

$

9,945

 

 

$

10,334

 

 

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

5,979

 

 

$

17,630

 

Interest on lease liabilities

 

 

849

 

 

 

2,219

 

Total finance lease cost

 

$

6,828

 

 

$

19,849

 

Maturities of Lease Liabilities

 

 

Finance leases

 

 

Operating leases

 

 

 

(Unaudited)

 

Year ending March 31,

 

(In thousands)

 

 

 

 

 

 

 

 

2026 (6 months)

 

$

19,980

 

 

$

4,739

 

2027

 

 

 

 

 

8,267

 

2028

 

 

 

 

 

6,998

 

2029

 

 

 

 

 

5,309

 

2030

 

 

 

 

 

4,018

 

Thereafter

 

 

 

 

 

57,283

 

Total lease payments

 

 

19,980

 

 

 

86,614

 

Less: imputed interest

 

 

(335

)

 

 

(44,001

)

Present value of lease liabilities

 

$

19,645

 

 

$

42,613