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Leases
12 Months Ended
Mar. 31, 2025
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,
202520242023
Operating lease cost, net of sublease income
$2,226 $2,711 $2,592 
Variable lease cost42 87 104 
Total lease cost$2,268 $2,798 $2,696 
During fiscal 2025, the Company executed a sublease for a portion of its Curative office space in Irving, Texas. The sublease commenced 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 sublease term.
Supplemental cash flow information related to leases was as follows (in thousands):
Fiscal Year Ended March 31,
202520242023
Cash paid for amounts included in measurement of lease liabilities—Operating cash flows$2,717 $2,314 $718 
Supplemental balance sheet information related to leases was as follows:
Fiscal Year Ended March 31,
202520242023
Weighted-average remaining lease term (in years)5.176.097.06
Weighted-average discount rate4.19 %4.18 %4.18 %
Maturities of operating lease liabilities as of March 31, 2025 were as follows (in thousands):
Operating Leases
2026$2,687 
20272,497 
20282,605 
20292,667 
20302,706 
Thereafter679 
Total future lease payments13,841 
Less: imputed interest(1,445)
Present value of lease liabilities$12,396