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LEASES (Tables) | 12 Months Ended
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Mar. 31, 2023
Leases [Abstract] |
Lessee, Operating Lease, Liability, Maturity | The following table outlines the maturity of our existing operating lease liabilities on a fiscal year-end basis as of March 31, 2023. Maturity of Operating Leases
|  | Operating Leases
2024 |  | $ | 31,617 |
2025 |  | 49,298 |
2026 |  | 47,968 |
2027 |  | 44,337 |
2028 |  | 43,370 |
2029 and thereafter |  | 290,203 |
Total |  | 506,793 |
Less: present value discount |  | (131,924) |
Operating lease liabilities |  | $ | 374,869 |
As of March 31, 2023, the Company entered into an operating lease for additional office space that has not yet commenced, for approximately $6.3 million. This operating lease will commence during fiscal year 2024 with a lease term of 10 years.
Lease, Cost | Lease costs
|  |  |  | March 31, 2023 |  | March 31, 2022
Operating lease expense |  |  |  | $ | 37,490 |  |  | $ | 37,299 |
Variable lease expense (1) |  |  |  | 18,556 |  |  | 10,252 |
Short-term lease expense |  |  |  | 182 |  |  | 214 |
Less: Sublease income |  |  |  | (390) |  |  | (18) |
Total lease costs |  |  |  | $ | 55,838 |  |  | $ | 47,747 |
(1)Primarily consists of payments for property taxes, common area maintenance and usage based operating costs. Weighted-average details
|  | March 31, 2023 |  | March 31, 2022
Weighted-average remaining lease term (years) |  | 12 |  | 9
Weighted-average discount rate |  | 4.7 | % |  | 3.4 | %
Supplemental cash flow information related to leases:
|  | March 31, 2023 |  | March 31, 2022
Operating cash flows: |  |  |  |
Cash paid for amounts included in the measurement of Operating lease liabilities |  | $ | 37,233 |  |  | $ | 32,947 |
Non-cash activity: |  |  |  |
Operating lease right-of-use assets obtained in exchange of operating lease liabilities |  | $ | 194,656 |  |  | $ | 32,377 |
Change in Operating lease right-of-use assets due to remeasurement |  | (11,799) |  |  | 5,200 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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