v3.26.3
LEASES
6 Months Ended
Sep. 30, 2026
Leases [Abstract]  
LEASES
4. LEASES:

Right-of-use assets and lease liabilities balances consist of the following (dollars in thousands):
September 30, 2026March 31, 2026
Right-of-use assets included in other assets, net$18,849 $16,159 
Short-term lease liabilities included in other accrued expenses$10,743 $9,667 
Long-term lease liabilities included in other liabilities$19,689 $19,898 
Supplemental balance sheet information:
Weighted average remaining lease term3.3 years3.5 years
Weighted average discount rate5.7 %5.5 %

The Company leases its office facilities under non-cancellable operating leases that expire at various dates through fiscal 2031. Certain leases contain provisions for property-related costs that are variable in nature for which the Company is responsible, including common area maintenance and other property operating services. These costs are calculated based on a variety of factors including property values, tax and utility rates, property service fees, and other factors.
The components of lease cost, net for the six months ended September 30, 2026 and 2025, respectively, were as follows (dollars in thousands):
For the six months ended September 30,
20262025
Operating lease costs$4,352 $3,786 
Operating sublease income1,021 913 
Total leases costs, net$3,331 $2,873 

The following table presents future minimum payments under all operating leases and subleases (including operating leases with a duration of one year or less) as of September 30, 2026. The amount for fiscal 2027 represents the remaining six months ending March 31, 2027. All other periods represent fiscal years ending March 31 (dollars in thousands): 
Fiscal year:Operating lease paymentsPayments expected under noncancellable subleasesNet operating lease payments
2027$5,617 $(1,155)4,462 
202810,737 (2,363)8,374 
202910,349 (2,289)8,060 
20303,975 (189)3,786 
20312,917 — 2,917 
Thereafter— — — 
Total undiscounted lease payments33,595 (5,996)27,599 
Less: Interest and short-term leases3,163 (547)2,616 
Total discounted operating lease liabilities$30,432 $(5,449)$24,983