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Interest on Borrowings
12 Months Ended
Mar. 31, 2022
Interest Expense, Borrowings [Abstract]  
Interest on Borrowings Note 9.   Interest on Borrowings Interest Expense Components of interest expense include the following:     Years Ended March 31,     2022   2021   2020     (In thousands) Interest expense $ 167,618 $ 165,484 $ 180,444 Capitalized interest   (9,700)   (11,573)   (23,517) Amortization of transaction costs   5,556   5,949   4,427 Interest expense resulting from cash flow hedges   3,950   3,642   (404) Total interest expense   167,424   163,502   160,950 Interest paid in cash, including payments related to derivative contracts, amounted to $ 147.9 million, $ 153.2 million and $ 168.1 million for fiscal 2022, 2021 and 2020, respectively. Interest Rates Interest rates and our revolving credit borrowings were as follows:     Revolving Credit Activity       Years Ended March 31,       2022   2021   2020       (In thousands, except interest rates)   Weighted average interest rate during the year   1.40 % 1.40 % 3.31 % Interest rate at year end   1.49 % 1.40 % 2.86 % Maximum amount outstanding during the year $ 1,105,000 $ 1,175,000 $ 1,086,000   Average amount outstanding during the year $ 1,085,074 $ 1,088,293 $ 1,002,081   Facility fees $ 253 $ 261 $ 193