v3.26.1
LEASES (Tables)
3 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Components of Operating Lease Cost and Supplemental Cash Flow Information

The components of operating lease cost for the three months ended June 30, 2026 and 2025, respectively, were as follows (in thousands):

 

 

Three Months Ended

 

 

June 30, 2026

 

 

June 30, 2025

 

Lease cost:

 

 

 

 

 

Lease cost under long-term operating leases

$

2,630

 

 

$

2,853

 

Lease cost under short-term operating leases

 

467

 

 

 

336

 

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

 

1,019

 

 

 

962

 

Total operating lease cost

$

4,116

 

 

$

4,151

 

 

The table below presents supplemental cash flow information related to leases during the three months ended June 30, 2026 and 2025 (in thousands):

 

 

Three Months Ended

 

 

June 30, 2026

 

 

June 30, 2025

 

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

$

123

 

 

$

767

 

 

At June 30, 2026 and March 31, 2026, the weighted average remaining lease term in years and weighted average discount rate were as follows:

 

 

June 30, 2026

 

 

March 31, 2026

 

Weighted average remaining lease term in years - operating leases

3.96

 

 

4.18

 

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 June 30, 2026 are as follows (in thousands):

 

Year ending March 31:

 

 

2027 (remaining nine months)

$

8,611

 

2028

 

11,371

 

2029

 

10,143

 

2030

 

8,222

 

2031

 

4,479

 

Thereafter

 

646

 

Total lease payments

$

43,472

 

Less imputed interest

$

(3,492

)

Present value of lease liabilities

$

39,980