Effect of Interest Rate Contracts on Statement of Operations (Table Text Block)

12 Months Ended

Mar. 31, 2013

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Effect of Interest Rate Contracts on the Statement of Operations

		The Effect of Interest Rate
		Contracts on the Statements of Operations
		March 31, 2013		March 31, 2012
		(In thousands)
Loss recognized in income on interest rate contracts	$	20,819	$	22,641
(Gain) loss recognized in AOCI on interest rate contracts (effective portion)	$	(9,405	)$	9,179
Loss reclassified from AOCI into income (effective portion)	$	19,178	$	23,559
(Gain) loss recognized in income on interest rate contracts (ineffective portion and amount excluded from effectiveness testing)	$	1,641	$	(918	)

Gains or losses recognized in income on derivatives are recorded as interest expense in the statement of operations. At March 31, 2013, we expect to reclassify $16.3 million of net losses on interest rate contracts from accumulated other comprehensive income to earnings that will offset interest payments over the next twelve months. Please see Note 3, Accounting Policies in the Notes to Consolidated Financial Statements.

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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