| LEASES Supplemental balance sheet information related to leases is as follows (in thousands): | | | | | | | | | | | | | | | | | | Operating Leases | | June 30, 2025 | | March 31, 2025 | | | | Operating lease right-of-use asset | | $ | 8,314 | | | $ | 8,580 | | | | | | | | | | | Operating lease liability within other accrued liabilities | | 797 | | | 856 | | | | | Operating lease liability, net | | 8,787 | | | 8,934 | | | | | Total operating lease liabilities | | $ | 9,584 | | | $ | 9,790 | | | |
Components of lease cost were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | | Lease Cost | | 2025 | | 2024 | | | | | | Operating lease cost | | $ | 669 | | | $ | 712 | | | | | | | Variable lease cost | | 39 | | | 70 | | | | | | Short-term lease cost | | 75 | | | — | | | | | | | Total lease cost | | $ | 783 | | | $ | 782 | | | | | |
| | | | | | | | | | Maturity of Lease Liabilities | | Operating Leases | | Remainder of fiscal year 2026 | | $ | 1,710 | | 2027 | | 1,859 | | 2028 | | 1,623 | | 2029 | | 1,245 | | | 2030 | | 1,242 | | | Thereafter | | 10,855 | | | Total lease payments | | $ | 18,534 | | | Less: imputed interest | | (8,950) | | | Present value of lease liabilities | | $ | 9,584 | |
| | | | | | | | | | | | | | | | Lease Term and Discount Rate | | June 30, 2025 | | March 31, 2025 | | Weighted average remaining operating lease term (years) | | 10.19 | | 10.19 | | Weighted average discount rate for operating leases | | 12.6 | % | | 12.59 | % |
Operating cash outflows related to operating leases each totaled $0.7 million for the three months ended June 30, 2025 and 2024, respectively.
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