Borrowings (Table Text Block)

6 Months Ended

Sep. 30, 2017

Debt Instruments [Abstract]

Long-Term Debt

Long term debt was as follows:

				September 30,		March 31,
	2018 Rate (a)	Maturities		2017		2017
				(Unaudited)
				(In thousands)
Real estate loan (amortizing term)	2.74% - 6.93%	2023	$	140,287	$	169,289
Senior mortgages	3.72% - 5.50%	2022 - 2038		1,405,702		1,292,160
Working capital loans (revolving credit)	2.74%	2018		55,000		85,000
Fleet loans (amortizing term)	1.95% - 4.76%	2018 - 2024		319,631		324,977
Fleet loans (securitization)	4.90%	2017		47,183		52,112
Fleet loans (revolving credit)	2.39%	2020 - 2021		446,000		417,000
Capital leases (rental equipment)	1.92% - 4.86%	2017 - 2024		962,140		876,828
Other obligations	2.75% - 8.00%	2017 - 2047		72,005		69,867
Notes, loans and leases payable				3,447,948		3,287,233
Less: Debt issuance costs				(25,871)		(24,353)
Total notes, loans and leases payable			$	3,422,077	$	3,262,880
(a) Interest rate as of September 30, 2017, including the effect of applicable hedging instruments.

Annual Maturities of Notes, Loans and Leases Payable

		Twelve Months Ending September 30,
		2018		2019		2020		2021		2022		Thereafter
		(Unaudited)
		(In thousands)
Notes, loans and leases payable, secured	$	451,564	$	490,060	$	404,931	$	497,718	$	273,441	$	1,330,234

Components of interest expense

		Quarter Ended September 30,
		2017		2016
		(Unaudited)
		(In thousands)
Interest expense	$	31,863	$	25,879
Capitalized interest		(1,929)		(985)
Amortization of transaction costs		1,014		804
Interest expense resulting from derivatives		1,075		2,291
Total interest expense		32,023		27,989

		Six Months Ended September 30,
		2017		2016
		(Unaudited)
		(In thousands)
Interest expense	$	61,492	$	49,964
Capitalized interest		(3,694)		(2,298)
Amortization of transaction costs		1,946		1,647
Interest expense resulting from derivatives		2,624		5,102
Total interest expense		62,368		54,415

Interest rates and company borrowings

		Revolving Credit Activity
		Quarter Ended September 30,
		2017		2016
		(Unaudited)
		(In thousands, except interest rates)
Weighted average interest rate during the quarter		2.43%		1.73%
Interest rate at the end of the quarter		2.43%		1.73%
Maximum amount outstanding during the quarter	$	538,000	$	462,000
Average amount outstanding during the quarter	$	516,946	$	431,815
Facility fees	$	49	$	49

		Revolving Credit Activity
		Six Months Ended September 30,
		2017		2016
		(Unaudited)
		(In thousands, except interest rates)
Weighted average interest rate during the period		2.34%		1.73%
Interest rate at the end of the period		2.43%		1.73%
Maximum amount outstanding during the period	$	538,000	$	462,000
Average amount outstanding during the period	$	508,350	$	400,896
Facility fees	$	125	$	89