Leases	3 Months Ended
	Jun. 30, 2021
Leases [Abstract]
8. Leases	8. Leases Lessor We have determined that revenues derived by providing self-moving equipment rentals, self-storage rentals and certain other revenues, including U-Box rentals, are within the scope of the accounting guidance contained in Topic 842. Our self-moving equipment rental related revenues have been accounted for under the revenue accounting standard Topic 606, until the adoption of Topic 842. We combined all lease and non-lease components of lease contracts for which the timing and pattern of transfer are the same and the lease component meets the classification of an operating lease, and account for them in accordance with Topic 842. The revenue streams accounted for in accordance with Topic 842 are recognized evenly over the period of rental. Please see Note 15, Revenue Recognition, to the Notes to Condensed Consolidated Financial Statements. Lessee We determine if an arrangement is a lease at inception. Operating leases, which are comprised primarily of storage rental locations, are included in ROU assets - operating and operating lease liability in our condensed consolidated balance sheets. Finance leases, which are comprised primarily of rental equipment leases, are included in ROU assets - financing, net, and notes, loans and finance leases payable, net in our balance sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the expected remaining lease term. We use our incremental borrowing rate based on information available at commencement date including the rate for a fully collateralized loan that can either be fully amortizing or financed with a residual at the end of the lease term, for a borrower with similar credit quality in order to determine the present value of lease payments. Our lease terms may include options to extend or terminate the lease, which are included in the calculation of ROU assets when it is reasonably certain that we will exercise those options. Lease expense for lease payments is recognized on a straight-line basis over the lease term.   We have lease agreements with lease and non-lease components, which are generally not accounted for separately. Additionally, for certain leases, we apply a portfolio approach to account for the operating lease ROU assets and liabilities as the leases are similar in nature and have nearly identical contract provisions. The standard also changed the manner by which we account for our equipment sale/leaseback transactions.   Based on our assessment, the lease transactions are classified as financing leases, and therefore the transactions do not qualify as a sale.   Pursuant to the guidance, new sale leaseback transactions that fail to qualify as a sale will be accounted for as a financial liability.   Please see Note 4, Borrowings, of the Notes to Condendsed Consolidated Financial Statements for additional information. The following tables show the components of our ROU assets, net:     As of June 30, 2021     Finance   Operating   Total     (Unaudited)     (In thousands) Buildings and improvements $ – $ 135,174 $ 135,174 Furniture and equipment   22,176   –   22,176 Rental trailers and other rental equipment   197,981   –   197,981 Rental trucks   1,395,144   –   1,395,144 Right-of-use assets, gross   1,615,301   135,174   1,750,475 Less: Accumulated depreciation   (800,426)   (45,805)   (846,231) Right-of-use assets, net $ 814,875 $ 89,369 $ 904,244       As of March 31, 2021     Finance   Operating   Total     (In thousands) Buildings and improvements $ – $ 132,901 $ 132,901 Furniture and equipment   22,316   –   22,316 Rental trailers and other rental equipment   203,594   –   203,594 Rental trucks   1,494,098   –   1,494,098 Right-of-use assets, gross   1,720,008   132,901   1,852,909 Less: Accumulated depreciation   (842,970)   (40,396)   (883,366) Right-of-use assets, net $ 877,038 $ 92,505 $ 969,543   As of June 30, 2021 and March 31, 2021, we had finance leases for the ROU assets, net of $ 468.5 million and $ 513.6 million, respectively and operating leases of $ 89.4 million and $ 92.5 million, respectively.       Finance leases       June 30,   March 31,       2021   2021               Weighted average remaining lease term (years)   3   3   Weighted average discount rate   3.6 % 3.6 %       Operating leases       June 30,   March 31,       2021   2021               Weighted average remaining lease term (years)   14.8   14.7   Weighted average discount rate   4.6 % 4.6 %   For the quarters ended June 30, 2021 and 2020, cash paid for leases included in our operating cash flow activities were $ 7.5 million and $ 7.0 million, respectively, and our financing cash flow activities were $ 45.2 million and $ 68.6 million, respectively.   Non-cash activities of ROU assets in exchange for lease liablities were $2.4 million and $4.7 million for the first quarter of fiscal 2022 and 2021, respectively. The components of lease costs were as follows:       Three Months Ended     June 30, 2021   June 30, 2020     (Unaudited)     (In thousands)           Operating lease costs $ 8,077 $ 7,137           Finance lease cost:         Amortization of right-of-use assets $ 183,277 $ 40,836 Interest on lease liabilities   4,571   6,282 Total finance lease cost $ 187,848 $ 47,118 Maturities of lease liabilities were as follows:       Finance leases   Operating leases     (Unaudited) Years ending June 30,   (In thousands)           2022 $ 168,277 $ 24,926 2023   132,482   22,560 2024   98,586   21,418 2025   68,555   6,414 2026   35,679   3,560 Thereafter   –   61,302 Total lease payments   503,579   140,180 Less: imputed interest   (35,095)   (50,790) Present value of lease liabilities $ 468,484 $ 89,390