Leases

12 Months Ended

Mar. 31, 2026

15. Leases

The Company leases property under operating leases with expiration dates through 2040 as well as computer systems and office equipment under finance leases with lease terms ranging from 12 to 50 months.

Lease Position as of March 31, 2026 and 2025

The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheets:


		March 31,
	Balance Sheet Classification	2026			2025
Assets
Operating leases	Operating lease right-of-use assets	$	44,836		$	49,661
Finance leases	Property, plant and equipment, net	15,978			9,802
Total lease assets		$	60,814		$	59,463

Liabilities
Current:
Operating leases	Operating lease liabilities	$	8,365		$	8,042
Finance leases	Other current liabilities	6,172			4,631
Non-current:
Operating leases	Operating lease liabilities	57,301			64,737
Finance leases	Other non-current liabilities	9,891			5,578
Total lease liabilities		$	81,729		$	82,988

Weighted-average remaining lease term:
Operating leases		8.26			9.21
Finance leases		2.91			2.67

Weighted-average incremental borrowing rate:
Operating leases		10.90		%	10.96		%
Finance leases		7.88		%	9.06		%

Lease Costs

The table below presents certain information related to the lease costs for operating and finance leases:


	Year Ended March 31,
	2026		2025		2024
Operating lease cost	$	13,631	$	15,604	$	16,990
Short-term lease cost	830		1,073		1,404
Finance lease cost:
Amortization of assets	5,995		4,869		14,583
Interest on lease liabilities	1,145		1,137		1,742
Sublease income	(2,661)		(2,792)		(2,624)
Total net lease cost	$	18,940	$	19,891	$	32,095

Other Information

Supplemental cash flow information related to leases was as follows:


	Year Ended March 31,
	2026		2025		2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	$	15,683	$	17,821	$	19,157
Operating cash outflows for finance leases	1,188		1,087		1,742
Financing cash outflows for finance leases	6,722		9,193		11,496
Non-cash financing activities: Finance lease obligation	12,884		4,266		6,034

Undiscounted Cash Flows

The table below reconciles the undiscounted cash flows by fiscal year to the operating and finance lease liabilities recorded on the consolidated balance sheets:


	March 31, 2026
	Operating Leases		Finance Leases
2027	$	14,951	$	7,138
2028	11,387		5,646
2029	11,019		3,080
2030	10,461		1,645
2031	10,242		300
Thereafter	43,244		—
Total lease payments	101,304		17,809
Less: amounts related to interest	(35,638)		(1,746)
Total lease liabilities	65,666		16,063
Less: current liabilities	(8,365)		(6,172)
Non-current lease liabilities	$	57,301	$	9,891

Leases