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Leases
9 Months Ended
Dec. 31, 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 December 31,Nine Months Ended December 31,
2022202120222021
Operating lease cost$701 $285 $1,891 $846 
Variable lease cost15 25 187 74 
Total lease cost$716 $310 $2,078 $920 
Supplemental cash flow information related to leases was as follows (in thousands):
Nine Months Ended December 31,
20222021
Cash paid for amounts included in measurement of lease liabilities—Operating cash flows$551 $782 
Supplemental balance sheet information related to leases was as follows:
December 31, 2022March 31, 2022
Weighted-average remaining lease term (in years)7.171.64
Weighted-average discount rate4.18 %3.95 %
Maturities of operating lease liabilities as of December 31, 2022 were as follows (in thousands):
Remainder of 2023$167 
20242,238 
20252,411 
20262,458 
20272,497 
Thereafter8,656 
Total future lease payments$18,427 
Less: imputed interest(2,788)
Present value of lease liabilities$15,639