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Leases
12 Months Ended
Mar. 31, 2024
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 fiscal year ended March 31, 2023, the office space lease in Irving, Texas with an approximately 8-year term commenced and a related right-of-use asset and lease liability of $14.8 million was recognized.
The components of lease expense were as follows (in thousands):
Fiscal Year Ended March 31,
202420232022
Operating lease cost$2,711 $2,592 $1,159 
Variable lease cost87 104 114 
Total lease cost$2,798 $2,696 $1,273 
Supplemental cash flow information related to leases was as follows (in thousands):
Fiscal Year Ended March 31,
202420232022
Cash paid for amounts included in measurement of lease liabilities—Operating cash flows$2,314 $718 $1,107 
Supplemental balance sheet information related to leases was as follows:
Fiscal Year Ended March 31,
202420232022
Weighted-average remaining lease term (in years)6.097.061.64
Weighted-average discount rate4.18 %4.18 %3.95 %
Maturities of operating lease liabilities as of March 31, 2024 were as follows (in thousands):
Operating Leases
2025$2,717 
20262,687 
20272,497 
20282,605 
20292,667 
Thereafter3,385 
Total future lease payments16,558 
Less: imputed interest(2,012)
Present value of lease liabilities$14,546