Interest on Borrowings

12 Months Ended

Mar. 31, 2014

Interest Expense, Borrowings [Abstract]

Interest on Borrowings

Interest Expense

Components of interest expense include the following:

		Years Ended March 31,
		2014		2013		2012
		(In thousands)
Interest expense	$	72,538	$	66,159	$	63,523
Capitalized interest		(571	)	(415	)	(221	)
Amortization of transaction costs		3,551		4,133		4,428
Interest expense resulting from derivatives		17,174		20,819		22,641
Total interest expense	$	92,692	$	90,696	$	90,371

 Interest paid in cash, including payments related to derivative contracts, amounted to $87.8 million, $84.6 million and $87.0 million for fiscal 2014, 2013 and 2012, respectively.

Interest Rates

Interest rates and our borrowings were as follows:

		Revolving Credit Activity
		Years Ended March 31,
		2014		2013		2012
		(In thousands, except interest rates)
Weighted average interest rate during the year		1.10%		1.25%		1.73%
Interest rate at year end		1.78%		0.00%		1.74%
Maximum amount outstanding during the year	$	89,632	$	48,920	$	38,920
Average amount outstanding during the year	$	18,658	$	18,707	$	24,494
Facility fees	$	301	$	449	$	521