Leases (Tables)

6 Months Ended

Sep. 30, 2026

The components of lease expense for the three and six months ended September 30, 2026 and 2025 were as follows:


	Three Months Ended September 30,				Six Months Ended September 30,
(In thousands)	2026		2025		2026		2025
Finance lease cost:
Amortization of right-of-use assets	$	820	$	820	$	1,640	$	1,640
Interest on lease liabilities	313		355		633		715
Operating lease cost	2,077		1,940		4,155		3,878
Short term lease cost	63		35		125		69
Variable lease cost	3,876		4,588		8,475		9,414

Total net lease cost	$	7,149	$	7,738	$	15,028	$	15,716

The weighted average remaining lease term and weighted average discount rate were as follows:


		September 30, 2026
Weighted average remaining lease term (years)
	Operating leases	3.87
	Finance leases	6.73
Weighted average discount rate
	Operating leases	6.42	%
	Finance leases	6.30	%

As of September 30, 2026, the maturities of lease liabilities were as follows:


(In thousands)
Year Ending March 31,	Operating Leases		Finance Lease		Total
2027 (remaining six months ending March 31, 2027)	$	4,218	$	1,938	$	6,156
2028	8,037		3,875		11,912
2029	6,767		3,869		10,636
2030	6,044		3,366		9,410
2031	1,113		2,664		3,777
Thereafter	1,616		7,993		9,609
Total undiscounted lease payments	27,795		23,705		51,500
Less amount of lease payments representing interest	(3,068)		(4,386)		(7,454)
Total present value of lease payments	$	24,727	$	19,319	$	44,046

As of September 30, 2026, the maturities of lease liabilities were as follows:


(In thousands)
Year Ending March 31,	Operating Leases		Finance Lease		Total
2027 (remaining six months ending March 31, 2027)	$	4,218	$	1,938	$	6,156
2028	8,037		3,875		11,912
2029	6,767		3,869		10,636
2030	6,044		3,366		9,410
2031	1,113		2,664		3,777
Thereafter	1,616		7,993		9,609
Total undiscounted lease payments	27,795		23,705		51,500
Less amount of lease payments representing interest	(3,068)		(4,386)		(7,454)
Total present value of lease payments	$	24,727	$	19,319	$	44,046