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Interest Rate Swap Agreements (Tables)
6 Months Ended
Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of locations and amounts of (gains) losses recognized in income

 

     Three months ended
September 30,
    Six months ended
September 30,
 
     2015      2014     2015      2014  

Periodic change in fair value of interest rate swap agreements

   $ 79,066       $ (251,408   $ 122,628       $ (39,121

Periodic settlement differentials included in interest expense

     94,525         99,846        189,478         198,838   
  

 

 

    

 

 

   

 

 

    

 

 

 

Total

   $ 173,591       $ (151,562   $ 312,106       $ 159,717   
  

 

 

    

 

 

   

 

 

    

 

 

 
Schedule of variable rates received and average fixed rates paid under the swap agreements

 

     Three months ended
September 30,
    Six months ended
September 30,
 
     2015     2014     2015     2014  

Variable rate received

     0.19     0.15     0.18     0.15

Fixed rate paid

     0.94     0.94     0.94     0.94