| LEASES Supplemental balance sheet information related to leases is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | Year Ended March 31, | | | | Operating leases | | 2025 | | 2024 | | | | | | Operating lease right-of-use assets | | $ | 8,580 | | | $ | 9,425 | | | | | | | | | | | | | | | | Other current liabilities | | $ | 856 | | | $ | 1,256 | | | | | | | Operating lease liability | | 8,934 | | | 9,621 | | | | | | | Total operating lease liabilities | | $ | 9,790 | | | $ | 10,877 | | | | | |
The components of lease expense were as follows (in thousands): | | | | | | | | | | | | | | | | | | | Year Ended March 31, | | Lease expense | | 2025 | | 2024 | | | | Operating lease expense | | $ | 2,895 | | | $ | 3,007 | | | | | Variable lease expense | | 263 | | | 291 | | | | | Short-term lease expense | | 48 | | | — | | | | | Total lease expense | | $ | 3,206 | | | $ | 3,298 | | | |
| | | | | | | | | | Maturity of Lease Liabilities | | Operating Leases | Fiscal year ending 2026 | | $ | 2,346 | | | 2027 | | 1,832 | | | 2028 | | 1,597 | | | 2029 | | 1,240 | | | 2030 | | 1,241 | | | Thereafter | | 10,855 | | | Total lease payments | | $ | 19,111 | | | Less: Imputed interest | | (9,321) | | | Present value of lease liabilities | | $ | 9,790 | |
| | | | | | | | | | | | | | | | | | Lease Term and Discount Rate | | March 31, | | | 2025 | | 2024 | | | | Weighted average remaining operating lease term (years) | | 10.19 | | 10.53 | | | | Weighted average discount rate for operating leases | | 12.59 | % | | 12.64 | % | | |
Operating cash outflows related to operating leases totaled $2.8 million and $2.9 million for the fiscal years ended March 31, 2025 and March 31, 2024, respectively.
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