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v3.22.2.2

Leases | 6 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
Leases | Note 15: Leases Lease Assets and Liabilities The following table provides a summary of leases recorded on the consolidated balance sheets.
|  | Balance Sheet Location |  | September 30, 2022 |  |  | March 31, 2022 |
Lease Assets |  |  |  |  |  |  |  |
Operating lease ROU assets |  | Other noncurrent assets |  | $ | 52.3 |  |  | $ | 52.1 |
Finance lease ROU assets (a) |  | Property, plant and equipment – net |  |  | 6.9 |  |  |  | 7.7 |
Lease Liabilities |  |  |  |  |  |  |  |  |  |
Operating lease liabilities |  | Other current liabilities |  | $ | 10.7 |  |  | $ | 12.7 |
Operating lease liabilities |  | Other noncurrent liabilities |  |  | 42.9 |  |  |  | 41.2 |
Finance lease liabilities |  | Long-term debt – current portion |  |  | 0.4 |  |  |  | 0.4 |
Finance lease liabilities |  | Long-term debt |  |  | 2.2 |  |  |  | 2.8 |
| (a) | Finance lease right-of-use (“ROU”) assets were recorded net of accumulated amortization, which totaled $2.8 million at both September 30, 2022 and March 31, 2022.
Components of Lease Expense The components of lease expense were as follows:
|  | Three months ended September 30, |  |  | Six months ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Operating lease expense (a) |  | $ | 5.5 |  |  | $ | 4.8 |  |  | $ | 10.8 |  |  | $ | 9.4 |
Finance lease expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation of ROU assets |  |  | 0.2 |  |  |  | 0.2 |  |  |  | 0.3 |  |  |  | 0.3 |
Interest on lease liabilities |  |  | 0.1 |  |  |  | 0.1 |  |  |  | 0.1 |  |  |  | 0.1 |
Total lease expense |  | $ | 5.8 |  |  | $ | 5.1 |  |  | $ | 11.2 |  |  | $ | 9.8 |
| (a) | For the three and six months ended September 30, 2022, operating lease expense included short-term lease expense of $1.5 million and $2.8 million, respectively. For the three and six months ended September 30, 2021, operating lease expense included short-term lease expense of $1.0 million and $1.8 million, respectively. Variable lease expense was not significant.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References No definition available. + Details
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- References No definition available. + Details
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