v3.26.3
Leases
 6 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Leases Leases
The Company leases office space under non-cancelable operating leases which expire at various dates from fiscal 2027 to 2037. As of September 30, 2026, the weighted average remaining lease term was 7.6 years and the weighted average discount rate was 4.0%. The Company did not have any finance leases as of September 30, 2026.
The following table presents information about leases reflected in the condensed consolidated statements of operations (in thousands):
Three Months Ended September 30,Six Months Ended September 30,

2026202520262025
Operating lease expense$5,121 $4,282 $10,373 $8,165 
Short-term lease expense$475 $427 $825 $1,114 
Variable lease expense $634 $488 $1,153 $783 

The following table presents supplemental cash flow information about the Company’s leases (in thousands):
Six Months Ended September 30,
20262025
Cash paid for amounts included in the measurement of lease liabilities14,192 9,243 
Operating lease assets obtained in exchange for new operating lease liabilities (1)
1,195 15,479 
_________________
(1) Includes the impact of new leases as well as remeasurements and modifications of existing leases.
As of September 30, 2026, remaining maturities of lease liabilities were as follows (in thousands):
Fiscal Years Ending March 31,Amount
2027$14,448 
202825,741 
202923,965 
203022,562 
203120,026 
Thereafter70,924 
Total operating lease payments 177,666 
Less: imputed interest(24,383)
Total operating lease liabilities$153,283 

As of September 30, 2026, the Company had a commitment of $4.0 million for an operating lease that has not yet commenced, and therefore is not included in the right-of-use assets or operating lease liabilities. This operating lease is expected to commence later in fiscal 2027 with a lease term of five years.
Leases Leases
The Company leases office space under non-cancelable operating leases which expire at various dates from fiscal 2027 to 2037. As of September 30, 2026, the weighted average remaining lease term was 7.6 years and the weighted average discount rate was 4.0%. The Company did not have any finance leases as of September 30, 2026.
The following table presents information about leases reflected in the condensed consolidated statements of operations (in thousands):
Three Months Ended September 30,Six Months Ended September 30,

2026202520262025
Operating lease expense$5,121 $4,282 $10,373 $8,165 
Short-term lease expense$475 $427 $825 $1,114 
Variable lease expense $634 $488 $1,153 $783 

The following table presents supplemental cash flow information about the Company’s leases (in thousands):
Six Months Ended September 30,
20262025
Cash paid for amounts included in the measurement of lease liabilities14,192 9,243 
Operating lease assets obtained in exchange for new operating lease liabilities (1)
1,195 15,479 
_________________
(1) Includes the impact of new leases as well as remeasurements and modifications of existing leases.
As of September 30, 2026, remaining maturities of lease liabilities were as follows (in thousands):
Fiscal Years Ending March 31,Amount
2027$14,448 
202825,741 
202923,965 
203022,562 
203120,026 
Thereafter70,924 
Total operating lease payments 177,666 
Less: imputed interest(24,383)
Total operating lease liabilities$153,283 

As of September 30, 2026, the Company had a commitment of $4.0 million for an operating lease that has not yet commenced, and therefore is not included in the right-of-use assets or operating lease liabilities. This operating lease is expected to commence later in fiscal 2027 with a lease term of five years.