| Leases The components of lease expense were as follows (in thousands): | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | | 2025 | | 2024 | | | | | | Operating lease expense | $ | 2,854 | | | $ | 3,165 | | | | | | | Variable lease expense | $ | 950 | | | $ | 1,081 | | | | | |
The supplemental cash flow information related to leases was as follows (in thousands): | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | | 2025 | | 2024 | | | | | | Cash outflows from operating leases | $ | 3,502 | | | $ | 3,742 | | | | | | | Right-of-use assets obtained in exchange for operating lease obligations | $ | — | | | $ | 1,954 | | | | | |
Short-term lease expense was immaterial during the three months ended June 30, 2025 and 2024, respectively. The following table presents supplemental lease information: | | | | | | | | | | | | | June 30, 2025 | | March 31, 2025 | | Weighted average remaining lease term | 5.2 years | | 5.4 years | | Weighted average discount rate | 4.7% | | 4.7% |
The following table presents maturity of lease liabilities under the Company's non-cancellable operating leases as of June 30, 2025 (in thousands): | | | | | | | Remainder of fiscal year 2026 | $ | 10,221 | | | 2027 | 12,328 | | | 2028 | 11,576 | | | 2029 | 11,436 | | | 2030 | 11,428 | | | Thereafter | 7,951 | | | Total lease payments | 64,940 | | | Less: imputed interest | (6,927) | | | Present value of lease liabilities | $ | 58,013 | |
|