XML 44 R29.htm IDEA: XBRL DOCUMENT v3.21.1
Leases and Other Commitments - (Tables)
12 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Rent Expense and Supplemental Lease Information
Rent Expense. The components of rent expense for operating leases recorded in the consolidated statements of comprehensive income under the new lease standard, were as follows:
Years Ended March 31,
20212020
Operating$52,849 $57,966 
Variable24,033 26,996 
Short-term3,015 3,332 
Total$79,897 $88,294 
Supplemental Disclosure. Key estimates and judgments related to operating lease assets and liabilities that are outstanding and presented in the consolidated balance sheets, are as follows:
As of March 31,
20212020
Weighted-average remaining lease term in years6.06.6
Weighted-average discount rate3.1 %3.3 %

Supplemental information for amounts presented in the consolidated statements of cash flows related to operating leases, were as follows:
Years Ended March 31,
20212020
Non-cash operating activities
Operating lease assets obtained in exchange for lease liabilities*$9,861 $71,097 
Reductions to operating lease assets for reductions to lease liabilities*(12,051)(7,055)

*Amounts disclosed include non-cash additions or reductions resulting from lease remeasurements.
Schedule of Rent Expense Under Legacy US GAAP
The components of rent expense for operating leases recorded in the consolidated statements of comprehensive income under legacy US GAAP, prior to the adoption of ASU 2016-02 as of April 1, 2019, were as follows:
Year Ended March 31, 2019
Minimum rentals$60,859 
Contingent rentals13,226 
Total$74,085 
Schedule of Maturities of Undiscounted Operating Lease Liabilities Maturities of undiscounted operating lease liabilities remaining as of March 31, 2021 under the new lease standard, with a reconciliation to the present value of operating lease liabilities recorded in the consolidated balance sheets, are as follows:
Years Ending March 31,Amount*
2022$49,528 
202344,165 
202438,068 
202530,307 
202626,400 
Thereafter56,950 
Total undiscounted future lease payments245,418 
Less: Imputed interest(22,376)
Total$223,042 
Recorded Unconditional Purchase Obligations
Total future minimum commitments for commodities contracts as of March 31, 2021 were as follows:

Contract Effective DateFinal Target DateContract ValueRemaining
Commitment
July 2017September 2019$7,200 $5,223 
April 2018September 202045,600 6,443 
October 2018September 202027,350 25,336 
October 2018September 202141,210 41,210 
April 2019September 20208,906 8,906 
October 2019June 202028,800 10,580 
October 2019June 202116,644 16,644 
March 2021June 202221,878 21,878 
March 2021September 202222,200 14,374 
$219,788 $150,594