XML 50 R28.htm IDEA: XBRL DOCUMENT

LEASES (Tables)

9 Months Ended

Dec. 31, 2019

The components of lease cost were as follow (in thousands):



Lease cost	Three-Month Period Ended		Nine-Month Period Ended
	December 31, 2019		December 31, 2019
Operating lease cost	$	40,278	$	122,767

Other information related to leases was as follow (in thousands):



	Nine-Month Period Ended
	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	106,748

Balance Sheet Amounts

Amounts reported in the condensed consolidated balance sheet as of the period ended December 31, 2019 were (in thousands, except weighted average lease term and discount rate):



	As of December 31, 2019
Operating Leases:
Operating lease right of use assets	$	615,073
Operating lease liabilities	661,034

Weighted-average remaining lease term (In years)
Operating leases	7.5

Weighted-average discount rate
Operating leases	4.2		%

Future Minimum Lease Payments

Future lease payments under non-cancellable leases as of December 31, 2019 are as follows (in thousands):



Fiscal Year Ended March 31,	Operating Leases
2020 (1)	$	40,977
2021	132,642
2022	111,967
2023	99,453
2024	83,555
Thereafter	312,807
Total undiscounted lease payments	781,401
Less: imputed interest	120,367
Total lease liabilities	$	661,034

(1)

Represents estimated lease payments for the remaining three-month period ending March 31, 2020.

Future Minimum Rental Payments

As previously disclosed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2019 and under the previous lease accounting standard ASC 840, the aggregate future non-cancellable minimum rental payments on our operating lease, as of March 31, 2019, are as follows:



Fiscal Year Ending March 31,	Operating Leases
	(In thousands)
2020	$	155,391
2021	113,245
2022	93,777
2023	81,335
2024	67,341
Thereafter	171,828
Total minimum lease payments	$	682,917