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Leases
6 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Leases Leases
The Company has non-cancelable operating leases for the rental of office space with various expiration dates through 2030. During the first quarter of fiscal 2023, a portion of the office space lease in Irving, Texas with an approximately 8-year term commenced and the related right-of-use asset and lease liability of $10.9 million was recognized. In the second quarter of fiscal 2023, the remaining portion of the office space lease in Irving, Texas commenced and has an 8-year term. Upon commencement, a right-of-use asset and lease liability of $3.9 million was recognized.
The components of lease expense were as follows (in thousands):
Three Months Ended September 30,Six Months Ended September 30,
2022202120222021
Operating lease cost$701 $285 $1,190 $560 
Variable lease cost133 14 173 49 
Total lease cost$834 $299 $1,363 $609 
Supplemental cash flow information related to leases was as follows (in thousands):
Six Months Ended September 30,
20222021
Cash paid for amounts included in measurement of lease liabilities—Operating cash flows$389 $619 
Supplemental balance sheet information related to leases was as follows:
September 30, 2022March 31, 2022
Weighted-average remaining lease term (in years)7.371.64
Weighted-average discount rate4.18 %3.95 %
Maturities of operating lease liabilities as of September 30, 2022 were as follows (in thousands):
Remainder of 2023$329 
20242,238 
20252,411 
20262,458 
20272,497 
Thereafter8,657 
Total future lease payments$18,590 
Less: imputed interest(2,952)
Present value of lease liabilities$15,638