LEASES |
LEASES Operating Leases The following table provides balance sheet information related to operating leases: | | | | | | | | | | | | | | | | | September 30, 2022 | | March 31, 2022 | Assets | | | | | Operating lease, right-of-use assets | | $ | 54,201 | | | $ | 63,415 | | | | | | | Liabilities | | | | | Operating lease liabilities, current | | $ | 12,648 | | | $ | 15,485 | | Operating lease liabilities, non-current | | 68,437 | | | 74,518 | | Total operating lease liabilities | | $ | 81,085 | | | $ | 90,003 | |
The components of lease expense were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | Six Months Ended September 30, | | | | | 2022 | | 2021 | 2022 | | 2021 | Operating lease expense | | | | 2,804 | | | $ | 3,336 | | 5,925 | | | $ | 6,795 | | Variable lease expense | | | | 1,493 | | | $ | 757 | | 3,080 | | | $ | 1,507 | | Cash outflows from operating leases | | | | $ | 4,669 | | | $ | 4,254 | | $ | 9,505 | | | $ | 8,454 | |
Short-term lease expense was immaterial during the three months ended September 30, 2022 and 2021. The following table presents supplemental lease information: | | | | | | | | | | | | | | | | | September 30, 2022 | | March 31, 2022 | Weighted average remaining lease term | | 7.2 years | | 7.4 years | Weighted average discount rate | | 4.0% | | 4.0% |
The following table presents maturity of lease liabilities under the Company's non-cancellable operating leases as of September 30, 2022: | | | | | | | | | 2023 | | $ | 9,314 | | 2024 | | 14,064 | | 2025 | | 12,930 | | 2026 | | 11,833 | | 2027 | | 10,748 | | Thereafter | | 35,467 | | Total lease payments | | 94,356 | | Less: imputed interest | | (13,271) | | Present value of lease liabilities | | $ | 81,085 | |
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