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LEASES | 3 Months Ended
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Jun. 30, 2024
Leases [Abstract] |
LEASES | Leases Lessee Arrangements Operating Leases We lease real estate and equipment used in operations from third parties. As of June 30, 2024, the remaining term of our operating leases ranged from 1 to 15 years with various automatic extensions. The following table outlines the maturity of our existing operating lease liabilities on a fiscal year-end basis as of June 30, 2024. Maturity of Operating Leases
|  | Operating Leases
Remaining 2025 |  | $ | 30,028 |
2026 |  | 54,061 |
2027 |  | 53,977 |
2028 |  | 53,397 |
2029 |  | 52,705 |
Thereafter |  | 342,450 |
Total |  | 586,618 |
Less: present value discount |  | (151,418) |
Operating lease liabilities |  | $ | 435,200 |
As of June 30, 2024, the Company has entered into an operating lease for additional office space that has not yet commenced for approximately $1.8 million. This operating lease will commence during fiscal year 2025 with a lease term of 5 years. Lease costs
|  | Three Months Ended June 30, |  |
|  | 2024 |  | 2023 |  |  |  |
Operating lease expense |  | $ | 15,033 |  |  | $ | 12,423 |  |  |  |  |
Variable lease expense (1) |  | 4,622 |  |  | 5,237 |  |  |  |  |
Short-term lease expense |  | 54 |  |  | 46 |  |  |  |  |
Less: Sublease income |  | (425) |  |  | (303) |  |  |  |  |
Total lease costs |  | $ | 19,284 |  |  | $ | 17,403 |  |  |  |  |
(1)Primarily consists of payments for property taxes, common area maintenance and usage based operating costs. Weighted-average details
|  | June 30,
|  | 2024 |  | 2023
Weighted-average remaining lease term (years) |  | 12 |  | 12
Weighted-average discount rate |  | 5.4 | % |  | 5.0 | %
Supplemental cash flow information related to leases:
|  |  | Three Months Ended June 30,
|  |  | 2024 |  | 2023
Operating cash flows: |  |  |  |  |
Cash paid for amounts included in the measurement of Operating lease liabilities |  |  | $ | 17,698 |  |  | $ | 10,251 |
Non-cash activity: |  |  |  |  |
Operating lease right-of-use assets obtained in exchange of Operating lease liabilities |  |  | $ | 24,348 |  |  | $ | 6,750 |
Change in Operating lease right-of-use assets due to remeasurement |  |  | 1,416 |  |  | 46,168 |

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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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