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Leases (Table Text Block)
6 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases

 

 

As of September 30, 2019

 

 

Finance

 

Operating

 

Total

 

 

(Unaudited)

 

 

(In thousands)

 

 

 

 

 

 

 

Buildings and improvements

$

0

$

114,696

$

114,696

Furniture and equipment

 

27,414

 

0

 

27,414

Rental trailers and other rental equipment

 

125,747

 

0

 

125,747

Rental trucks

 

1,759,118

 

0

 

1,759,118

Right-of-use assets, gross

 

1,912,279

 

114,696

 

2,026,975

Less: Accumulated depreciation

 

(726,650)

 

(9,398)

 

(736,048)

Right-of-use assets, net

$

1,185,629

$

105,298

$

1,290,927

Summary of Weighted-average remaining lease terms and Discount rates

 

 

Finance

 

Operating

 

 

 

(Unaudited)

 

Weighted average remaining lease term (years)

 

5 Years

 

15 Years

 

Weighted average discount rate

 

3.41

%

4.60

%

Components of Lease Expense

 

 

Six Months Ended

 

 

September 30, 2019

 

 

(Unaudited)

 

 

(In thousands)

 

 

 

Operating lease costs

$

13,664

 

 

 

Finance lease cost:

 

 

Amortization of right-of-use assets

$

98,200

Interest on lease liabilities

 

16,740

Total finance lease cost

$

114,940

Maturities of Lease Liabilities

 

 

Finance leases

 

Operating leases

 

 

(Unaudited)

Year ending September 30,

 

(In thousands)

 

 

 

 

 

2020

$

246,596

$

21,776

2021

 

184,010

 

19,336

2022

 

143,983

 

18,298

2023

 

122,112

 

17,607

2024

 

83,369

 

13,545

Thereafter

 

81,681

 

70,411

Total lease payments

 

861,751

 

160,973

Less: imputed interest

 

0

 

(56,141)

Present value of lease liabilities

$

861,751

$

104,832