We lease certain real estate, buildings, and equipment. Certain of these leases contain escalations of rent over the term of the lease, as well as options for us to extend the term of the lease at the end of the original term. These extensions range from periods of one to 20 years. Our lease agreements do not contain material residual value guarantees or material restrictive covenants. In calculating the present value of future minimum lease payments, we use the rate implicit in the lease if it can be determined. Otherwise, we use our incremental borrowing rate in effect at the commencement of the lease to determine the present value of the future minimum lease payments. Additionally, we lease certain equipment under short-term leases with initial terms of less than 12 months, which are not recorded on the balance sheet.

Lease expense for our operating and short-term leases is as follows:


	For the Three Months Ended December 31,				For the Nine Months Ended December 31,
	2022		2021		2022		2021
	(dollars in thousands)
Operating Lease Cost	$	1,953	$	1,512	$	5,351	$	4,592
Short-term Lease Cost		135		233		410		1,044
Total Lease Cost	$	2,088	$	1,745	$	5,761	$	5,636

The Right-of-Use Assets and Lease Liabilities are reflected on our Balance Sheet as follows:


	December 31,		March 31,
	2022		2022
	(dollars in thousands)
Operating Leases
Operating Lease Right-of-Use Assets	$	20,651	$	23,856

Current Operating Lease Liabilities	$	6,006	$	7,118
Noncurrent Operating Lease Liabilities		25,398		29,212
Total Operating Lease Liabilities	$	31,404	$	36,330

Future payments for operating leases are as follows (dollars in thousands):


Fiscal Year	Amount
2023 (remaining three months)	$	2,043
2024		6,363
2025		5,916
2026		4,279
2027		3,540
Thereafter		16,934
Total Lease Payments	$	39,075
Less: Imputed Interest		(7,671	)
Present Value of Lease Liabilities	$	31,404

Weighted-Average Remaining Lease Term (in years)		10.4
Weighted-Average Discount Rate		3.73	%