LEASES

12 Months Ended

Mar. 31, 2022

The Company's leases are generally for facilities and office space. The Company adopted ASU 2016-02, Leases (Topic 842) on April 1, 2019 using the modified retrospective transition approach, and as a result did not recast comparative prior period information and presented prior period amounts and disclosures under ASC 840, Leases (Topic 840).

The Company’s total lease cost is recorded primarily within general and administrative expenses on the consolidated statement of operations and consisted of the following:


	Fiscal Year Ended March 31,
	2022		2021		2020
Operating lease cost	$	69,831	$	68,702	$	71,067
Short-term lease cost	585		3,780		9,657
Variable lease cost	11,641		12,843		11,657
Total operating lease costs	$	82,057	$	85,325	$	92,381

Future minimum operating lease payments for noncancelable operating leases as of March 31, 2022 are as follows:


For the Fiscal Year Ending March 31,	Operating Lease Payments
2023	$	64,528
2024	74,462
2025	70,907
2026	52,065
2027	30,400
Thereafter	45,537
Total future lease payments	337,899
Less: imputed interest	(38,495)
Total lease liabilities	$	299,404

Supplemental cash flow information related to leases was as follows:


	Fiscal Year Ended March 31,
	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities	$	76,100	$	69,320	$	53,741
Operating lease liabilities arising from obtaining ROU assets (1)	41,206		52,454		26,378

(1) Includes all noncash increases and decreases arising from new or remeasured operating lease arrangements

Other information related to leases was as follows:


	March 31,
	2022		2021
Weighted average remaining lease term (in years)	5.0		5.5
Weighted average discount rate	4.5	%	4.6	%