Notes, Loans and Finance Leases Payable, net (Table Text Block)

9 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Debt Instruments [Abstract]

Long-Term Debt

Long term debt was as follows:

	Fiscal Year 2025 Interest Rates						Maturities				Weighted Avg Interest Rates (c)			December 31, 2024			March 31, 2024
														(Unaudited)
														(In thousands)
Real estate loans (amortizing term) (a)		4.30	%	-	6.03	%	2027		-	2037		5.42	%	$	268,857		$	277,767
Senior mortgages		2.70	%	-	6.05	%	2026		-	2042		4.16	%		2,167,983			2,284,853
Real estate loans (revolving credit)		—	%	-	—	%		—	-	2027	-		%		—			—
Fleet loans (amortizing term)		1.61	%	-	5.92	%	2025		-	2031		5.12	%		120,554			70,454
Fleet loans (revolving credit) (b)		5.42	%	-	5.93	%	2027		-	2029		5.81	%		615,000			573,889
Finance leases (rental equipment)		2.89	%	-	5.01	%	2025		-	2026		4.34	%		56,980			117,641
Finance liability (rental equipment)		1.60	%	-	6.80	%	2025		-	2031		5.03	%		1,931,815			1,708,619
Private placements		2.43	%	-	6.00	%	2029		-	2035		3.62	%		1,700,000			1,200,000
Other obligations		1.50	%	-	8.00	%	2025		-	2049		6.32	%		68,402			70,815
Notes, loans and finance leases payable															6,929,591			6,304,038
Less: Debt issuance costs															(32,604	)		(32,676	)
Total notes, loans and finance leases payable, net														$	6,896,987		$	6,271,362
(a) Certain loans have interest rate swaps fixing the rate for the relevant loans between 2.72% and 2.86% based on current margin. The weighted average interest rate calculation for these loans was 4.10% using the swap adjusted interest rate.
(b) Certain loans have interest rate swaps fixing the rate for the relevant loans between 4.36% and 4.71% based on current margin. The weighted average interest rate calculation for these loans was 5.82% using the swap adjusted interest rate.
(c) Weighted average rates as of December 31, 2024.

Annual Maturities of Notes, Loans and Leases Payable

	Years Ended December 31,
	2025		2026		2027		2028		2029		Thereafter		Total
	(Unaudited)
	(In thousands)
Notes, loans and finance leases payable	$	527,358	$	938,448	$	1,056,361	$	670,110	$	758,767	$	2,978,547	$	6,929,591

Components of interest expense

	Quarter ended December 31,
	2024			2023
	(Unaudited)
	(In thousands)
Interest expense	$	80,760		$	71,061
Capitalized interest		(4,608	)		(4,006	)
Amortization of transaction costs		1,390			1,868
Interest expense resulting from cash flow hedges		(961	)		(1,473	)
Total interest expense	$	76,581		$	67,450

	Nine months ended December 31,
	2024			2023
	(Unaudited)
	(In thousands)
Interest expense	$	226,148		$	202,985
Capitalized interest		(11,188	)		(11,738	)
Amortization of transaction costs		4,229			4,711
Interest expense resulting from cash flow hedges		(3,892	)		(3,967	)
Total interest expense	$	215,297		$	191,991

	Quarter ended December 31,
	2024			2023
	(Unaudited)
	(In thousands)
Interest expense	$	80,760		$	71,061
Capitalized interest		(4,608	)		(4,006	)
Amortization of transaction costs		1,390			1,868
Interest expense resulting from cash flow hedges		(961	)		(1,473	)
Total interest expense	$	76,581		$	67,450

	Nine months ended December 31,
	2024			2023
	(Unaudited)
	(In thousands)
Interest expense	$	226,148		$	202,985
Capitalized interest		(11,188	)		(11,738	)
Amortization of transaction costs		4,229			4,711
Interest expense resulting from cash flow hedges		(3,892	)		(3,967	)
Total interest expense	$	215,297		$	191,991

Interest rates and company borrowings

	Revolving Credit Activity
	Quarter ended December 31,
		2024			2023
	(Unaudited)
	(In thousands, except interest rates)
Weighted average interest rate during the quarter		6.05	%		6.64	%
Interest rate at the end of the quarter		5.88	%		6.63	%
Maximum amount outstanding during the quarter	$	765,000		$	710,000
Average amount outstanding during the quarter	$	745,272		$	669,372
Facility fees	$	214		$	259

	Revolving Credit Activity
	Nine months ended December 31,
		2024			2023
	(Unaudited)
	(In thousands, except interest rates)
Weighted average interest rate during the period		6.43	%		6.47	%
Interest rate at the end of the period		5.88	%		6.63	%
Maximum amount outstanding during the period	$	765,000		$	715,000
Average amount outstanding during the period	$	665,376		$	641,941
Facility fees	$	793		$	830

	Revolving Credit Activity
	Quarter ended December 31,
		2024			2023
	(Unaudited)
	(In thousands, except interest rates)
Weighted average interest rate during the quarter		6.05	%		6.64	%
Interest rate at the end of the quarter		5.88	%		6.63	%
Maximum amount outstanding during the quarter	$	765,000		$	710,000
Average amount outstanding during the quarter	$	745,272		$	669,372
Facility fees	$	214		$	259

	Revolving Credit Activity
	Nine months ended December 31,
		2024			2023
	(Unaudited)
	(In thousands, except interest rates)
Weighted average interest rate during the period		6.43	%		6.47	%
Interest rate at the end of the period		5.88	%		6.63	%
Maximum amount outstanding during the period	$	765,000		$	715,000
Average amount outstanding during the period	$	665,376		$	641,941
Facility fees	$	793		$	830