v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS
 3 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS FAIR VALUE OF FINANCIAL INSTRUMENTS
The carrying value of finance lease receivables approximates fair value due to the interest rate implicit in the instruments approximating current market rates. The carrying value of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities and short-term bank debt approximates their fair values due to the short period to maturity of these instruments. The fair value of the Company’s debt is based on observable relevant market information and future cash flows discounted at current rates, which are Level 2 measurements. The Prepayment Derivative within the RMB Term Facilities is classified as a Level 3 in the fair value hierarchy due to the use of at least one significant unobservable input which is the credit spread volatility (see Note 13). There were no transfers between Level 1 or Level 2, or transfers in or out of Level 3, of the fair value hierarchy during the year ended March 31, 2026 and the three months ended June 30, 2026.

As of June 30, 2026
Fair Value
Carrying Amount
Total Fair Value
Level 1
Level 2
Level 3
Debt$278,392 $282,435 $— $282,435 $— 
Prepayment derivative$4,425 $4,425 $— $— $4,425 
As of March 31, 2026
Fair Value
Carrying Amount
Total Fair Value
Level 1
Level 2
Level 3
Debt$280,024 $281,081 $— $281,081 $— 
Prepayment derivative$3,505 $3,505 $— $— $3,505