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Leases
 6 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Leases Leases
The Company has non-cancelable operating leases for the rental of office space with various expiration dates through 2030.
The components of lease expense were as follows (in thousands):
Three Months Ended September 30,Six Months Ended September 30,
2024202320242023
Operating lease cost$615 $701 $1,246 $1,402 
Variable lease cost3 45 9 65 
Total lease cost$618 $746 $1,255 $1,467 
During the three months ended September 30, 2024, the Company executed a sublease for a portion of its Curative office space in Irving, Texas. Any impairment to the associated right-of-use assets and underlying property and equipment as a result of a sublease is recognized in the period the sublease is executed and recorded in the consolidated statements of operations. See Note 11 for further details.
The sublease will commence in November 2024 and has a lease term of approximately 5.5 years. The Company has classified the sublease as an operating lease. Total lease payments under the sublease are $2.4 million over the lease term of the sublease. The Company will recognize sublease income as a reduction of lease expense in the Company’s consolidated statements of operations. No sublease income was recognized for the three and six months ended September 30, 2023 and 2024.
Supplemental cash flow information related to leases was as follows (in thousands):
Six Months Ended September 30,
20242023
Cash paid for amounts included in measurement of lease liabilities—Operating cash flows$1,350 $907 
Supplemental balance sheet information related to leases was as follows:
September 30, 2024March 31, 2024
Weighted-average remaining lease term (in years)5.626.09
Weighted-average discount rate4.18 %4.18 %
Maturities of operating lease liabilities, excluding sublease income, as of September 30, 2024 were as follows (in thousands):
Remainder of 2025$1,367 
20262,687 
20272,497 
20282,605 
20292,667 
Thereafter3,385 
Total future lease payments$15,208 
Less: imputed interest(1,717)
Present value of lease liabilities$13,491