At June 30, 2026, the Group was obligated under a number of noncancellable leases, predominantly operating leases of office space, which expire at various dates through 2039. The Group's primary involvement with leases is in the capacity as a lessee where a Group leases premises to support its business.

The Group determines whether a contract is or contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or operating lease. Operating lease liabilities and right-of-use (ROU) assets are recognized at the lease commencement date based on the present value of the future minimum lease payments over the lease term. The future lease payments are discounted at a rate that estimates the Company’s collateralized borrowing rate for financing instruments of a similar term and are included in accounts payable and other liabilities. The operating lease ROU asset, included in premises and equipment, also includes any lease prepayments made, plus initial direct costs incurred, less any lease incentives received. The Company recognizes fixed lease costs on a straight-line basis throughout the lease term in the Consolidated Statement of Income. Certain of these leases also have extension or termination options,

and the Company assesses the likelihood of exercising such options. If it is reasonably certain that the Group will exercise the options to extend, then we include the impact in the measurement of our ROU assets and lease liabilities.

When readily determinable, the Company uses the rate implicit in the lease to discount lease payments to present value; however, the rate implicit on most of the Group's leases are not readily determinable. Therefore, the Company must discount lease payments based on an estimate of its incremental borrowing rate.


	Classification on Balance Sheet	June 30, 2026		March 31, 2026
Assets
Operating lease assets	Right-of-use asset	$	61,438	$	47,579
Total lease assets		$	61,438	$	47,579

Liabilities
Operating lease liability	Lease liability	$	62,986	$	48,843
Total lease liability		$	62,986	$	48,843


Leases maturing during the period ending March 31,
2027	$	20,844
2028	24,806
2029	15,880
2030	10,001
2031	5,008
Thereafter	4,320
Total payments	80,859
Less: amounts representing interest	(17,873)
Lease liability, net	$	62,986
Weighted average remaining lease term (in months)	31
Weighted average discount rate	15		%

Lease commitments for short-term operating leases as of June 30, 2026 and June 30, 2025 were approximately $4,048 and $2,229, respectively. The Group's rent expense for office space was $3,378 for the three months ended June 30, 2026 and $2,689 for the three months ended June 30, 2025.