Interest on Borrowings

12 Months Ended

Mar. 31, 2012

Interest Expense, Borrowings [Abstract]

Note 10. Interest on Borrowings

Interest Expense

Components of interest expense include the following:

	Years Ended March 31,
	2012			2011			2010
	(In thousands)
Interest expense	$	63,523		$	60,701		$	63,516
Capitalized interest		(221	)		(425	)		(609	)
Amortization of transaction costs		4,428			4,249			5,198
Interest expense resulting from derivatives		22,641			23,856			25,242
Total interest expense	$	90,371		$	88,381		$	93,347

Interest paid in cash, including payments related to derivative contracts, amounted to $87.0 million, $84.7 million and $89.8 million for fiscal 2012, 2011 and 2010, respectively.

Interest Rates

Interest rates and our borrowings were as follows:

	Revolving Credit Activity
	Years Ended March 31,
	2012			2011			2010
	(In thousands, except interest rates)
Weighted average interest rate during the year		1.73	%		1.75	%		1.79	%
Interest rate at year end		1.74	%		-	%		1.74	%
Maximum amount outstanding during the year	$	38,920		$	111,000		$	207,280
Average amount outstanding during the year	$	24,494		$	36,942		$	184,036
Facility fees	$	521		$	227		$	906