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LEASES | 12 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
LEASES | LEASES Our lease arrangements are primarily for (1) corporate, administrative, and development studio offices and (2) data centers and server equipment. Our existing leases have remaining lease terms ranging from one to thirteen years. In certain instances, such leases include one or more options to renew, with renewal terms that generally extend the lease term by one to five years for each option. The exercise of lease renewal options is generally at our sole discretion. Additionally, the majority of our leases are classified as operating leases. Information related to our operating leases are as follows:
|  | Fiscal Year Ended March 31,
|  | 2025 |  | 2024 |  | 2023
Lease costs |  |  |  |  |  |
Operating lease costs |  | $ | 84.9 |  |  | $ | 80.5 |  |  | $ | 109.8 |
Short-term lease costs |  | 3.8 |  |  | 4.9 |  |  | 4.1 |
During the fiscal year ended March 31, 2025, we recognized $3.9 of impairment charges for office closures related to our cost reduction program (refer to Note 21 - Business Reorganization). There were no impairment charges during the fiscal year ended March 31, 2024. During the fiscal year ended March 31, 2023, we recognized a $30.0 impairment loss related to an ROU asset related to Zynga's office space lease in San Francisco, which is available for sublease and not currently used by us due to the continued deterioration of the sublease market, unsuccessful negotiations with a potential sub-tenant, and our decision to change our sublease marketing strategy. This impairment loss is included in General and administrative expense within our Consolidated Statement of Operations and in the Operating lease costs in the table above. The fair value of the San Francisco Office was estimated using a risk-adjusted, discounted cash flow model with Level 3 inputs. The significant assumptions used in estimating the fair value included the projected sublease income over the remaining lease term, expected downtime prior to the commencement of future subleases, expected rent concessions offered to future tenants and discount rates that reflected the level of risk associated with these future cash flows.
|  | Fiscal Year Ended March 31,
|  | 2025 |  | 2024 |  | 2023
Supplemental operating cash flow information |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 87.1 |  |  | $ | 73.9 |  |  | $ | 55.9 |
ROU assets obtained in exchange for lease obligations |  | 80.4 |  |  | 89.5 |  |  | 145.3 |
|  | Fiscal Year Ended March 31,
|  | 2025 |  | 2024 |  | 2023
Weighted average information |  |  |  |  |  |
Remaining lease term |  | 7.91 years |  | 8.40 years |  | 8.93 years
Discount rate |  | 4.75 | % |  | 4.56 | % |  | 4.33 | %
Future undiscounted lease payments for our operating lease liabilities, and a reconciliation of these payments to our operating lease liabilities at March 31, 2025, are as follows:
For the years ending March 31, |  |
2026 |  | $ | 80.7 |
2027 |  | 78.1 |
2028 |  | 71.0 |
2029 |  | 67.9 |
2030 |  | 60.0 |
Thereafter |  | 175.9 |
Total future lease payments |  | $ | 533.6 |
Less imputed interest |  | (88.8) |
Total lease liabilities |  | $ | 444.8 |
As of March 31, 2025, we have entered into facility leases that have not yet commenced with future lease payments of approximately $3.0. These leases are expected to commence within the next twelve months and will have lease terms ranging from two to four years.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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