v3.26.1
LEASES (Tables)
12 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Components of Operating Lease Cost and Supplemental Cash Flow Information

The components of operating lease cost for the fiscal years ended March 31, 2026 and 2025 were as follows (in thousands):

 

 

 

Fiscal Years Ended March 31,

 

 

 

2026

 

 

2025

 

Lease cost under long-term operating leases

 

$

11,188

 

 

$

11,773

 

Lease cost under short-term operating leases

 

 

1,602

 

 

 

1,334

 

Variable lease cost under short-term and long-term operating leases

 

 

3,802

 

 

 

4,148

 

Total operating lease cost

 

$

16,592

 

 

$

17,255

 

 

The table below presents supplemental cash flow information related to leases during the fiscal years ended March 31, 2026 and 2025 (in thousands):

 

 

 

Fiscal Years Ended March 31,

 

 

 

2026

 

 

2025

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

7,464

 

 

$

5,660

 

 

 

At March 31, 2026 and 2025, the weighted average remaining lease term in years and weighted average discount rate were as follows:

 

 

March 31, 2026

 

 

March 31, 2025

 

Weighted average remaining lease term in years - operating leases

 

4.18

 

 

4.77

 

 

 

 

 

 

 

 

Weighted average discount rate - operating leases

 

 

4.4

%

 

 

4.4

%

Schedule of Future Minimum Payments Under Non-Cancellable Leases

Future minimum payments under non-cancellable leases at March 31, 2026 are as follows (in thousands):

 

Fiscal Years Ended March 31,

 

 

 

2027

 

$

10,390

 

2028

 

 

10,410

 

2029

 

 

9,313

 

2030

 

 

8,019

 

2031

 

 

4,484

 

Thereafter

 

 

651

 

Total lease payments

 

$

43,267

 

Less imputed interest

 

 

(3,675

)

Present value of lease liabilities

 

$

39,592