. Leases

The Company had capital leases of

$50.5

million as of

March 31, 2019

and

$47.0

million as of

March 31, 2018.

The leases consist of a building lease expiring in

2030

with an interest rate of

5.15%

and several equipment leases all with

year terms and various interest rates between

3.37%

and

4.52%.

Leased assets under capital leases consist of the following:

	2019		2018

Buildings	$	5,313	$	5,313
Equipment		45,273		41,687
Total		50,586		47,000
Less accumulated amortization		10,265		5,795
Net	$	40,321	$	41,205

The Company has operating leases expiring at various dates through fiscal

2031.

Operating leases generally provide for early purchase options

one

year prior to expiration.

The following is a schedule, by year, of minimum operating and capital lease payments due as of

March

31,

2019

(in thousands):

Years ending March 31:	Operating		Capital
2020	$	28,689	$	7,827
2021		24,938		7,827
2022		17,526		7,827
2023		12,062		7,827
2024		5,950		6,102
2025-2031		6,927		5,267
Total minimum payment required	$	96,092	$	42,677
Less interest				4,973
Present value of minimum lease payments				37,704
Amount due within one year				6,418
Long-term capital lease obligation			$	31,286

Continuing lease expense in fiscal

2019

and

2018

was

$39.2

million and

$39.7

million, respectively.