Leases (Tables)

3 Months Ended

Jun. 30, 2026

The components of lease expense for the three months ended June 30, 2026 and 2025 were as follows:


	Three Months Ended June 30,
(In thousands)		2026		2025
Finance lease cost:
Amortization of right-of-use assets		$	820	$	820
Interest on lease liabilities		320		360
Operating lease cost		2,078		1,938
Short term lease cost		62		34
Variable lease cost		4,599		4,826

Total net lease cost		$	7,879	$	7,978

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


		June 30, 2026
Weighted average remaining lease term (years)
	Operating leases	4.07
	Finance leases	6.96
Weighted average discount rate
	Operating leases	6.43	%
	Finance leases	6.31	%

As of June 30, 2026, the maturities of lease liabilities were as follows:


(In thousands)
Year Ending March 31,	Operating Leases		Finance Lease		Total
2027 (remaining nine months ending March 31, 2027)	$	6,243	$	2,907	$	9,150
2028	7,945		3,875		11,820
2029	6,674		3,869		10,543
2030	6,011		3,366		9,377
2031	1,109		2,664		3,773
Thereafter	1,607		7,993		9,600
Total undiscounted lease payments	29,589		24,674		54,263
Less amount of lease payments representing interest	(3,450)		(4,699)		(8,149)
Total present value of lease payments	$	26,139	$	19,975	$	46,114

As of June 30, 2026, the maturities of lease liabilities were as follows:


(In thousands)
Year Ending March 31,	Operating Leases		Finance Lease		Total
2027 (remaining nine months ending March 31, 2027)	$	6,243	$	2,907	$	9,150
2028	7,945		3,875		11,820
2029	6,674		3,869		10,543
2030	6,011		3,366		9,377
2031	1,109		2,664		3,773
Thereafter	1,607		7,993		9,600
Total undiscounted lease payments	29,589		24,674		54,263
Less amount of lease payments representing interest	(3,450)		(4,699)		(8,149)
Total present value of lease payments	$	26,139	$	19,975	$	46,114