Interest on Borrowings

12 Months Ended

Mar. 31, 2013

Interest Expense, Borrowings [Abstract]

Note 10. Interest on Borrowings

Note 10.  Interest on Borrowings

Interest Expense

Components of interest expense include the following:

		Years Ended March 31,
		2013		2012		2011
		(In thousands)
Interest expense	$	66,159	$	63,523	$	60,701
Capitalized interest		(415	)	(221	)	(425	)
Amortization of transaction costs		4,133		4,428		4,249
Interest expense resulting from derivatives		20,819		22,641		23,856
Total interest expense	$	90,696	$	90,371	$	88,381

Interest paid in cash, including payments related to derivative contracts, amounted to $84.6 million, $87.0 million and $84.7 million for fiscal 2013, 2012 and 2011, respectively.

Interest Rates

Interest rates and our borrowings were as follows:

		Revolving Credit Activity
		Years Ended March 31,
		2013		2012		2011
		(In thousands, except interest rates)
Weighted average interest rate during the year		1.25%		1.73%		1.75%
Interest rate at year end		0.00%		1.74%		0.00%
Maximum amount outstanding during the year	$	48,920	$	38,920	$	111,000
Average amount outstanding during the year	$	18,707	$	24,494	$	36,942
Facility fees	$	449	$	521	$	227