v3.22.4
LEASES (Tables)
9 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Lease Expense for Operating and Short-Term Leases

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

 

Schedule of Balance Sheet Information Related to Leases

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

 

Schedule of Future Payments for Operating Leases

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

%