v3.22.4
LEASES (Tables)
 9 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Components of Operating Lease Cost and Supplemental Cash Flow Information
The components of operating lease cost for the three and nine months ended December 31, 2022 and 2021, respectively, were as follows (in thousands):
Three Months EndedNine Months Ended
December 31,December 31,
2022202120222021
Lease cost under long-term operating leases$3,078 $3,187 $9,285 $9,659 
Lease cost under short-term operating leases870 1,247 2,849 2,990 
Variable lease cost under short-term and long-term operating leases821 925 2,677 2,508 
      Total operating lease cost$4,769 $5,359 $14,811 $15,157 

The table below presents supplemental cash flow information related to leases during the nine months ended December 31, 2022 and 2021 (in thousands):
December 31, 2022December 31, 2021
Right-of-use assets obtained in exchange for new operating lease liabilities$4,215 $2,461 

At December 31, 2022 and March 31, 2022, the weighted average remaining lease term in years and weighted average discount rate were as follows:
December 31, 2022March 31, 2022
Weighted average remaining lease term in years - operating leases6.396.98
Weighted average discount rate - operating leases4.1 %4.0 %
Future Minimum Payments Under Non-Cancellable Leases
Future minimum payments under non-cancellable leases at December 31, 2022 are as follows (in thousands):
Year ending March 31:
2023 (remaining three months)$2,431 
202412,682 
202512,018 
202610,362 
20278,180 
Thereafter22,901 
     Total lease payments$68,574 
     Less imputed interest(8,213)
     Present value of lease liabilities$60,361