We lease certain real estate, buildings, and equipment, including rail cars and barges. Certain of these leases contain escalations of rent over the term of the lease, as well as options for us to extend the term of the lease at the end of the original term. These extensions range from periods of one year to twenty years. Our lease agreements do not contain material residual value guarantees or material restrictive covenants. In calculating the present value of future minimum lease payments, we use the rate implicit in the lease if it can be determined. Otherwise, we use our incremental borrowing rate in effect at the commencement of the lease to determine the present value of the future minimum lease payments. Additionally, we lease certain equipment under short-term leases with initial terms of less than twelve months. These short-term equipment leases are not recorded on the balance sheet.

	For the Years Ended March 31,
	2021		2020
	(dollars in thousands)
Operating Lease Cost	$	6,757	$	7,966
Short-term Lease Cost		2,562		1,279
Total Lease Cost	$	9,319	$	9,245

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

	As of March 31,
	2021		2020
	(dollars in thousands)
Operating Leases:
Operating Lease Right-of-Use Assets	$	25,811	$	29,483

Current Operating Lease Liabilities	$	6,343	$	6,585
Noncurrent Operating Lease Liabilities		34,444		40,239
Total Operating Lease Liabilities	$	40,787	$	46,824

	Amount
Fiscal Year	(dollars in thousands)
2022	$	7,556
2023		6,969
2024		6,007
2025		5,651
2026		4,170
Thereafter		20,416
Total Lease Payments	$	50,769
Less: Imputed Interest		(9,982	)
Present Value of Lease Liabilities	$	40,787

Weighted Average Remaining Lease Term (in years)		10.5
Weighted Average Discount Rate		3.79	%