Borrowings (Table Text Block)

3 Months Ended

9 Months Ended

12 Months Ended

Dec. 31, 2015

Dec. 31, 2015

Dec. 31, 2015

Debt Instruments [Abstract]

Long-Term Debt

Long-term debt was as follows:

				December 31,		March 31,
	2016 Rate (a)	Maturities		2015		2015
				(Unaudited)
				(In thousands)
Real estate loan (amortizing term)	6.93%	2023	$	207,500	$	240,000
Senior mortgages	2.27% - 5.50%	2016 - 2038		949,163		717,512
Working capital loan (revolving credit)	-	2016		–		–
Fleet loans (amortizing)	1.95% - 4.76%	2016 - 2022		198,350		202,784
Fleet loans (term)	3.52% - 3.53%	2016		115,000		115,000
Fleet loans (securitization)	4.90%	2017		65,000		75,846
Fleet loans (revolving credit)	1.24% - 2.08%	2017 - 2019		222,000		190,000
Capital leases (rental equipment)	2.18% - 7.92%	2016 - 2022		608,336		602,470
Other obligations	3.00% - 8.00%	2016 - 2045		59,322		47,257
Total notes, loans and leases payable			$	2,424,671	$	2,190,869
(a) Interest rate as of December 31, 2015, including the effect of applicable hedging instruments.

Annual Maturities of Notes, Loans and Leases Payable

		Twelve Months Ending December 31,
		2016		2017		2018		2019		2020		Thereafter
		(Unaudited)
		(In thousands)
Notes, loans and leases payable, secured	$	440,590	$	401,471	$	290,888	$	278,723	$	156,195	$	856,804

Components of interest expense

Components of interest expense include the following:

		Quarter Ended December 31,
		2015		2014
		(Unaudited)
		(In thousands)
Interest expense	$	22,452	$	21,547
Capitalized interest		(958)		(330)
Amortization of transaction costs		807		888
Interest expense resulting from derivatives		3,106		3,614
Total interest expense	$	25,407	$	25,719

		Nine Months Ended December 31,
		2015		2014
		(Unaudited)
		(In thousands)
Interest expense	$	61,756	$	62,126
Capitalized interest		(2,380)		(717)
Amortization of transaction costs		2,298		2,442
Interest expense resulting from derivatives		9,806		10,893
Total interest expense		71,480		74,744
Write-off of transaction costs related to early extinguishment of debt		–		298
Fees on early extinguishment of debt		–		3,783
Fees and amortization on early extinguishment of debt		–		4,081
Total	$	71,480	$	78,825

Interest rates and company borrowings

Interest rates and Company borrowings were as follows:

		Revolving Credit Activity
		Quarter Ended December 31,
		2015		2014
		(Unaudited)
		(In thousands, except interest rates)
Weighted average interest rate during the quarter		1.66%		1.62%
Interest rate at the end of the quarter		1.69%		1.66%
Maximum amount outstanding during the quarter	$	265,000	$	232,000
Average amount outstanding during the quarter	$	258,207	$	219,163
Facility fees	$	25	$	91

		Revolving Credit Activity
		Nine Months Ended December 31,
		2015		2014
		(Unaudited)
		(In thousands, except interest rates)
Weighted average interest rate during the period		1.65%		1.71%
Interest rate at the end of the period		1.69%		1.66%
Maximum amount outstanding during the period	$	265,000	$	232,000
Average amount outstanding during the period	$	224,582	$	188,271
Facility fees	$	169	$	289