| LEASES Supplemental condensed consolidated balance sheets information related to leases is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Operating leases | | June 30, 2026 | | March 31, 2026 | | | | | | Operating lease right-of-use assets | | $ | 7,275 | | | $ | 7,416 | | | | | | | | | | | | | | | | Operating lease liability, current - included in other accrued liabilities | | $ | 877 | | | $ | 799 | | | | | | | Operating lease liability | | 7,979 | | | 8,172 | | | | | | | Total operating lease liabilities | | $ | 8,856 | | | $ | 8,971 | | | | | |
The components of lease expense were as follows (in thousands): | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Lease expense | | 2026 | | 2025 | | | | Operating lease expense | | $ | 540 | | | $ | 669 | | | | | Variable lease expense | | 33 | | | 39 | | | | | Short-term lease expense | | 108 | | | 75 | | | | | Total lease expense | | $ | 681 | | | $ | 783 | | | |
| | | | | | | | | | Maturity of Lease Liabilities | | Operating Leases | | Remainder of fiscal year 2027 | | $ | 1,476 | | | 2028 | | 1,618 | | | 2029 | | 1,244 | | | 2030 | | 1,237 | | | 2031 | | 1,285 | | | Thereafter | | 9,569 | | | Total lease payments | | 16,429 | | | Less: Imputed interest | | (7,573) | | | Present value of lease liabilities | | $ | 8,856 | |
| | | | | | | | | | | | | | | | | | Lease Term and Discount Rate | | | | | June 30, 2026 | | March 31, 2026 | | | | Weighted average remaining operating lease term (years) | | 10.00 | | 10.16 | | | | Weighted average discount rate for operating leases | | 12.68 | % | | 12.67 | % | | |
Operating cash outflows related to operating leases totaled $0.5 million and $0.7 million for the three months ended June 30, 2026 and 2025, respectively.
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