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Interest Rate Cap Agreements (Tables)
3 Months Ended
Jun. 30, 2020
Interest Rate Cap Agreements [Abstract]  
Schedule of Fair Value of Derivative Instruments



 

 

 

 

 

 

 

 



 

Fair Values of Derivative Financial Instruments



 

Asset (Liability)

Derivative financial instruments designated as hedging instruments:

 

Balance Sheet Location

 

June 30, 2020

 

March 31, 2020

Interest rate cap agreements

 

Prepaid and other current assets

 

$

 —

 

$

 —

Interest rate cap agreements

 

Accrued expenses

 

 

(28,675)

 

 

(28,131)

Interest rate cap agreements

 

Other long-term liabilities

 

 

(15,828)

 

 

(19,277)



 

 

 

$

(44,503)

 

$

(47,408)



Schedule of Effect of Derivative Instruments on Statement of Operations



 

 

 

 

 

 



 

Three Months Ended

 

Three Months Ended

Derivative financial instruments in cash flow hedging relationships:

 

June 30, 2020

 

June 30, 2019

Gain/(loss) related to derivative financial instruments recognized in other comprehensive income (loss)

 

$

(4,459)

 

$

 —

Gain/(loss) related to portion of derivative financial instruments reclassified from accumulated other comprehensive income (loss) to interest expense

 

$

275 

 

$

 —