We have operating leases for manufacturing facilities, offices, warehouses, vehicles and certain equipment. Our leases have remaining lease terms of 1 year to 22 years, some of which include escalation clauses and/or options to extend or terminate the leases. We have immaterial financing lease arrangements.


	Three Months Ended June 30,
(in thousands)	2026		2025
Components of Operating Lease Expense






Operating lease expense (a)	$	4,674	$	3,939
Short-term lease expense	100		227
Total operating lease expense	$	4,774	$	4,166
(a) Included in cost of revenues and selling, general and administrative expenses


(in thousands)	June 30, 2026		March 31, 2026







Operating Lease Assets and Liabilities
Right-of-use assets, net (b)	$	65,273	$	68,617
Assets of business held for sale	2,345		2,385

Short-term lease liabilities (c)	$	13,360	$	13,622
Long-term lease liabilities (c)	58,656		61,862
Liabilities of business held for sale	2,449		2,398
Total operating lease liabilities	$	74,465	$	77,882
(b) Included in other assets
(c) Included in accrued and other current liabilities and other long-term liabilities


	Three Months Ended June 30,
(in thousands)	2026			2025
Supplemental Cash Flow
Cash paid for amounts included in the measurement of operating lease liabilities (d)	$	4,540		$	3,993
Right-of-use assets obtained in exchange for new operating lease liabilities	63			604
(d) Included in our Consolidated Statements of Cash Flows under operating activities in net income and accounts payable and other current liabilities

Other Information for Operating Leases
Weighted average remaining lease term (in years)	6.16			7.05
Weighted average discount rate	5.8		%	5.7		%


Maturities of operating lease liabilities were as follows (in thousands):
Year Ending March 31, 2027 (excluding the three months ended June 30, 2026)	$	13,263
2028	16,452
2029	14,935
2030	12,550
2031	9,048
Thereafter	23,372
Total lease liabilities	89,620
Less: Imputed interest	(15,155)
Present value of lease liabilities	$	74,465