Borrowings (Table Text Block)

6 Months Ended

Sep. 30, 2018

Debt Instruments [Abstract]

Long-Term Debt

Long term debt was as follows:

				September 30,		March 31,
	2019 Rate (a)	Maturities		2018		2018
				(Unaudited)
				(In thousands)
Real estate loan (amortizing term)	3.63%	2023	$	107,913	$	135,287
Senior mortgages	3.72% - 6.62%	2021 - 2038		1,510,404		1,487,645
Working capital loans (revolving credit)	3.45% - 3.46%	2020 - 2021		185,000		55,000
Fleet loans (amortizing term)	1.95% - 4.66%	2018 - 2025		286,987		342,971
Fleet loans (revolving credit)	3.23% - 3.26%	2021 - 2022		520,000		460,000
Capital leases (rental equipment)	1.92% - 5.04%	2018 - 2025		1,026,092		984,217
Other obligations	2.75% - 8.00%	2018 - 2047		75,200		73,579
Notes, loans and leases payable				3,711,596		3,538,699
Less: Debt issuance costs				(25,024)		(25,623)
Total notes, loans and leases payable, net			$	3,686,572	$	3,513,076

Annual Maturities of Notes, Loans and Leases Payable

		Twelve Months Ending September 30,
		2019		2020		2021		2022		2023		Thereafter
		(Unaudited)
		(In thousands)
Notes, loans and leases payable, secured	$	458,613	$	595,502	$	552,231	$	539,667	$	211,857	$	1,353,726

Components of interest expense

		Quarter Ended September 30,
		2018		2017
		(Unaudited)
		(In thousands)
Interest expense	$	36,220	$	31,863
Capitalized interest		(2,227)		(1,929)
Amortization of transaction costs		881		1,014
Interest expense resulting from derivatives		156		1,075
Total interest expense		35,030		32,023

		Six Months Ended September 30,
		2018		2017
		(Unaudited)
		(In thousands)
Interest expense	$	70,416	$	61,492
Capitalized interest		(2,646)		(3,694)
Amortization of transaction costs		1,842		1,946
Interest expense resulting from derivatives		672		2,624
Total interest expense		70,284		62,368

Interest rates and company borrowings

		Revolving Credit Activity
		Quarter Ended September 30,
		2018		2017
		(Unaudited)
		(In thousands, except interest rates)
Weighted average interest rate during the quarter		3.06%		2.43%
Interest rate at the end of the quarter		2.81%		2.43%
Maximum amount outstanding during the quarter	$	705,000	$	538,000
Average amount outstanding during the quarter	$	585,924	$	516,946
Facility fees	$	128	$	49

		Revolving Credit Activity
		Six Months Ended September 30,
		2018		2017
		(Unaudited)
		(In thousands, except interest rates)
Weighted average interest rate during the period		3.08%		2.34%
Interest rate at the end of the period		2.81%		2.43%
Maximum amount outstanding during the period	$	705,000	$	538,000
Average amount outstanding during the period	$	542,186	$	508,350
Facility fees	$	272	$	125