We have operating leases for manufacturing facilities, offices, warehouses, vehicles and certain equipment. Our leases have remaining lease terms of 1 year to 23 years, some of which include escalation clauses and/or options to extend or terminate the leases. We do not currently have any financing lease arrangements.


(in thousands)	March 31, 2025		March 31, 2024
Components of Operating Lease Expenses
Operating lease expense	$	13,048	$	10,375
Short-term lease expense	953		694
Total operating lease expense (a)	$	14,001	$	11,069
(a) Included in cost of revenues and selling, general and administrative expense

(in thousands)	March 31, 2025		March 31, 2024
Operating Lease Assets and Liabilities
Right-of-use lease assets (a)	$	62,061	$	44,491

Short-term lease liabilities	$	11,244	$	9,443
Long-term lease liabilities	58,120		39,922
Total operating lease liabilities (b)	$	69,364	$	49,365
(a) Included in other assets
(b) Included in accrued and other current liabilities and other long-term liabilities, as applicable


	Year Ended March 31,
(in thousands)	2025			2024
Supplemental Cash Flow
Cash paid for amounts included in the measurement of operating lease liabilities	$	13,132		$	11,523
Right-of-use assets obtained in exchange for new operating lease liabilities	30,018			6,024

Other Information for Operating Leases
Weighted average remaining lease term (in years)	7.0			6.8
Weighted average discount rate	5.6		%	3.4		%


Maturities of operating lease liabilities were as follows (in thousands):
2026	$	14,598
2027	13,724
2028	12,167
2029	10,689
2030	9,108
Thereafter	25,347
Total lease liabilities	$	85,633
Less: Imputed interest	(16,269)
Present value of lease liabilities	$	69,364