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Interest Rate Cap Agreements (Tables)
9 Months Ended
Dec. 31, 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

 

December 31, 2020

 

March 31, 2020

Interest rate cap agreements

 

Accrued expenses

 

 

(28,985)

 

 

(28,131)

Interest rate cap agreements

 

Other long-term liabilities

 

 

(3,288)

 

 

(19,277)

Total

 

 

 

$

(32,273)

 

$

(47,408)



Schedule of Effect of Derivative Instruments on Statement of Operations



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended
December 31,

 

 

Nine Months Ended
December 31,

Derivative financial instruments in cash flow hedging relationships:

 

2020

 

2019

 

2020

 

2019

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

 

$

(383)

 

$

 —

 

$

(7,119)

 

$

 —

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

 

$

302 

 

$

 —

 

$

858 

 

$

 —