Leases (Tables)

12 Months Ended

Mar. 31, 2026

The components of lease expense for the years ended March 31, 2026 and 2025 are as follows:


	March 31,
(In thousands)	2026		2025
Finance lease cost:
Amortization of right-of-use assets	$	3,279	$	2,230
Interest on lease liabilities	1,375		375
Operating lease cost	7,923		7,332
Short-term lease cost	140		139
Variable lease cost	19,387		55,399

Total net lease cost	$	32,104	$	65,475

The weighted average remaining lease term and weighted average discount rate are as follows:


		March 31, 2026
Weighted average remaining lease term (years)
	Operating leases	4.28
	Financing leases	7.18
Weighted average discount rate
	Operating leases	6.42	%
	Financing leases	6.31	%

As of March 31, 2026, the maturities of lease liabilities are as follows:


(In thousands)
Year Ending March 31,	Operating Leases		Financing Leases		Total
2027	$	8,340	$	3,875	$	12,215
2028	7,957		3,875		11,832
2029	6,687		3,869		10,556
2030	6,025		3,366		9,391
2031	1,123		2,664		3,787
Thereafter	1,619		7,993		9,612
Total undiscounted lease payments	31,751		25,642		57,393
Less amount of lease payments representing interest	(3,886)		(5,018)		(8,904)
Total present value of lease payments	$	27,865	$	20,624	$	48,489

As of March 31, 2026, the maturities of lease liabilities are as follows:


(In thousands)
Year Ending March 31,	Operating Leases		Financing Leases		Total
2027	$	8,340	$	3,875	$	12,215
2028	7,957		3,875		11,832
2029	6,687		3,869		10,556
2030	6,025		3,366		9,391
2031	1,123		2,664		3,787
Thereafter	1,619		7,993		9,612
Total undiscounted lease payments	31,751		25,642		57,393
Less amount of lease payments representing interest	(3,886)		(5,018)		(8,904)
Total present value of lease payments	$	27,865	$	20,624	$	48,489