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Leases (Tables) | 3 Months Ended
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Jun. 30, 2024
Leases [Abstract] |
Leases Recorded on Consolidated Balance Sheets | The following table provides a summary of leases recorded on the consolidated balance sheets.
|  | Balance Sheet Location |  | June 30, 2024 |  |  | March 31, 2024 |
Lease Assets |  |  |  |  |  |  |  |
Operating lease ROU assets |  | Other noncurrent assets |  | $ | 91.4 |  |  | $ | 76.0 |
Finance lease ROU assets (a) |  | Property, plant and equipment – net |  |  | 6.4 |  |  |  | 6.5 |
Lease Liabilities |  |  |  |  |  |  |  |  |  |
Operating lease liabilities |  | Other current liabilities |  | $ | 17.7 |  |  | $ | 15.3 |
Operating lease liabilities |  | Other noncurrent liabilities |  |  | 75.2 |  |  |  | 62.1 |
Finance lease liabilities |  | Long-term debt – current portion |  |  | 0.4 |  |  |  | 0.4 |
Finance lease liabilities |  | Long-term debt |  |  | 1.7 |  |  |  | 1.9 |
(a) | Finance right of use (“ROU”) assets were recorded net of accumulated amortization of $3.8 million and $3.7 million as of June 30, 2024 and March 31, 2024, respectively.
Components of Lease Expense | The components of lease expense were as follows:
|  | Three months ended June 30, |
|  | 2024 |  |  | 2023 |
Operating lease expense (a) |  | $ | 6.9 |  |  | $ | 5.9 |
Finance lease expense: |  |  |  |  |  |  |  |
Depreciation of ROU assets |  |  | 0.1 |  |  |  | 0.1 |
Interest on lease liabilities |  |  | - |  |  |  | - |
Total lease expense |  | $ | 7.0 |  |  | $ | 6.0 |
(a) | For the three months ended June 30, 2024 and 2023, operating lease expense included short-term lease expense of $1.3 million and $1.5 million, respectively. Variable lease expense was not significant.

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- Definition Tabular disclosure of lessee's right of use assets and lease liabilities. + References No definition available. + Details
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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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- References No definition available. + Details
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