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LEASES (Tables)
3 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Lease Expense for Operating and Short-Term Leases

 


Lease expense for our operating and short-term leases is as follows:

 

 

 

For the Three Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

 

(dollars in thousands)

 

Operating Lease Cost

 

$

2,006

 

 

$

3,947

 

Short-term Lease Cost

 

 

759

 

 

 

584

 

Total Lease Cost

 

$

2,765

 

 

$

4,531

 

 

Schedule of Balance Sheet Information Related to Leases

The Right-of-Use Assets and Lease Liabilities are reflected on our Balance Sheet as follows:

 

 

 

June 30,

 

 

March 31,

 

 

 

2020

 

 

2020

 

 

 

(dollars in thousands)

 

Operating Leases:

 

 

 

 

 

 

 

 

Operating Lease Right-of-Use Assets

 

$

29,904

 

 

$

30,530

 

 

 

 

 

 

 

 

 

 

Current Operating Lease Liabilities

 

$

10,436

 

 

$

10,207

 

Noncurrent Operating Lease Liabilities

 

 

47,478

 

 

 

49,809

 

Total Operating Lease Liabilities

 

$

57,914

 

 

$

60,016

 

Schedule of Future Payments for Operating Leases

Future payments for operating leases are as follows (dollars in thousands):

 

Fiscal Year

 

Amount

 

2021 (remaining nine months)

 

$

9,301

 

2022

 

 

10,887

 

2023

 

 

10,062

 

2024

 

 

8,216

 

2025

 

 

6,879

 

Thereafter

 

 

24,624

 

Total Lease Payments

 

$

69,969

 

Less: Imputed Interest

 

 

(12,055

)

Present Value of Lease Liabilities

 

$

57,914

 

 

 

 

 

 

Weighted-Average Remaining Lease Term (in years)

 

 

9.1

 

Weighted-Average Discount Rate

 

 

3.78

%