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Note 6 - Leases | 12 Months Ended
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Mar. 31, 2018
Notes to Financial Statements |
Leases of Lessee Disclosure [Text Block] | 6. Leases The Company had leased assets under capital leases totaling $49.3 million as of March 31, 2018 and $40.9 million as of March 31, 2017. The leases consist of a building lease expiring in 2030 with an interest rate of 5.15% and several equipment leases all with 7 year terms and various interest rates between 3.37% and 4.21%. Leased assets under capital leases consist of the following:
|  | 2018 |  |  | 2017 |
Land |  | $ | - |  |  | $ | - |
Buildings |  |  | 5,313 |  |  |  | 5,313 |
Equipment |  |  | 43,980 |  |  |  | 35,597 |
|  |  | 49,293 |  |  |  | 40,910 |
Less accumulated amortization |  |  | 6,121 |  |  |  | 1,706 |
|  | $ | 43,172 |  |  | $ | 39,204 |
The Company has operating leases for equipment expiring at various dates through 2031. Operating leases generally provide for early purchase options one year prior to expiration. The following is a schedule, by year, of minimum operating and capital lease payments due as of March 31, 2018 (in thousands):
Years ending March 31: |  | Operating |  |  | Capital |
2019 |  | $ | 36,459 |  |  | $ | 7,679 |
2020 |  |  | 31,474 |  |  |  | 7,679 |
2021 |  |  | 25,254 |  |  |  | 7,678 |
2022 |  |  | 16,488 |  |  |  | 7,678 |
2023 |  |  | 9,610 |  |  |  | 7,678 |
2024-2031 |  |  | 4,369 |  |  |  | 9,744 |
Total minimum payment required |  | $ | 123,654 |  |  | $ | 48,136 |
Less interest |  |  |  |  |  |  | 6,127 |
Present value of minimum lease payments |  |  |  |  |  |  | 42,009 |
Amount due within one year |  |  |  |  |  |  | 6,113 |
Long-term capital lease obligation |  |  |  |  |  | $ | 35,896 |
Lease expense in fiscal 2018, 2017 and 2016 was $47.0 million, $48.3 million and $51.4 million, respectively.

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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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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