XML 47 R25.htm IDEA: XBRL DOCUMENT v3.20.1
INTEREST AND OTHER, NET
 12 Months Ended
Mar. 31, 2020
Other Income and Expenses [Abstract]  
INTEREST AND OTHER, NET INTEREST AND OTHER, NET
Interest and other, net for the fiscal years ended March 31, 2020, 2019 and 2018 are primarily composed of the following:
 
Fiscal Year Ended March 31
 
2020
 
2019
 
2018
 
(In thousands)
Interest expenses on debt obligations (1)
$
145,978

 
$
145,658

 
$
123,098

ABS and AR sales programs related expenses
42,807

 
46,344

 
25,002

Interest income
(19,382
)
 
(19,496
)
 
(18,840
)
Gain on foreign exchange transactions
(9,677
)
 
(1,175
)
 
(15,222
)

(1)
Interest expense on debt obligations for the fiscal year 2020 include debt extinguishment costs of $7.2 million, related to the full repayments of the Notes due February 2020 and the Term Loan due November 2021. There were no debt extinguishment costs incurred during the fiscal years 2019 or 2018.