Borrowings (Table Text Block)

9 Months Ended

Dec. 31, 2018

Debt Instruments [Abstract]

Long-Term Debt

				December 31,		March 31,
	2019 Rate (a)	Maturities		2018		2018
				(Unaudited)
				(In thousands)
Real estate loan (amortizing term)	3.89%	2023	$	105,413	$	135,287
Senior mortgages	3.72% - 6.62%	2021 - 2038		1,659,930		1,487,645
Working capital loans (revolving credit)	3.59% - 3.72%	2021		335,000		55,000
Fleet loans (amortizing term)	1.95% - 4.66%	2019 - 2025		281,329		342,971
Fleet loans (revolving credit)	3.49% - 3.50%	2021 - 2023		530,000		460,000
Capital leases (rental equipment)	1.92% - 5.04%	2019 - 2025		1,012,791		984,217
Other obligations	2.75% - 8.00%	2019 - 2048		79,064		73,579
Notes, loans and leases payable				4,003,527		3,538,699
Less: Debt issuance costs				(27,763)		(25,623)
Total notes, loans and leases payable, net			$	3,975,764	$	3,513,076
(a) Interest rate as of December 31, 2018, including the effect of applicable hedging instruments.

Annual Maturities of Notes, Loans and Leases Payable

		Twelve Months Ending December 31,
		2019		2020		2021		2022		2023		Thereafter
		(Unaudited)
		(In thousands)
Notes, loans and leases payable, secured	$	444,230	$	537,017	$	701,960	$	550,082	$	421,537	$	1,348,701

Components of interest expense

		Quarter Ended December 31,
		2018		2017
		(Unaudited)
		(In thousands)
Interest expense	$	38,825	$	31,983
Capitalized interest		(5,055)		(2,075)
Amortization of transaction costs		909		963
Interest expense resulting from derivatives		148		687
Total interest expense		34,827		31,558

		Nine Months Ended December 31,
		2018		2017
		(Unaudited)
		(In thousands)
Interest expense	$	109,241	$	93,475
Capitalized interest		(7,701)		(5,769)
Amortization of transaction costs		2,751		2,909
Interest expense resulting from derivatives		820		3,311
Total interest expense		105,111		93,926

Interest rates and company borrowings

		Revolving Credit Activity
		Quarter Ended December 31,
		2018		2017
		(Unaudited)
		(In thousands, except interest rates)
Weighted average interest rate during the quarter		3.52%		2.47%
Interest rate at the end of the quarter		3.57%		2.56%
Maximum amount outstanding during the quarter	$	865,000	$	535,000
Average amount outstanding during the quarter	$	812,174	$	532,261
Facility fees	$	41	$	159

		Revolving Credit Activity
		Nine Months Ended December 31,
		2018		2017
		(Unaudited)
		(In thousands, except interest rates)
Weighted average interest rate during the period		3.31%		2.38%
Interest rate at the end of the period		3.57%		2.56%
Maximum amount outstanding during the period	$	865,000	$	538,000
Average amount outstanding during the period	$	632,509	$	516,349
Facility fees	$	313	$	284