We lease certain real estate, buildings, and equipment. 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, which are not recorded on the balance sheet.

	For the Three Months Ended June 30,
	2021		2020
	(dollars in thousands)
Operating Lease Cost	$	1,514	$	1,796
Short-Term Lease Cost		502		750
Total Lease Cost	$	2,016	$	2,546

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

	June 30,		March 31,
	2021		2021
	(dollars in thousands)
Operating Leases
Operating Lease Right-of-Use Assets	$	24,776	$	25,811

Current Operating Lease Liabilities	$	6,127	$	6,343
Noncurrent Operating Lease Liabilities		32,763		34,444
Total Operating Lease Liabilities	$	38,890	$	40,787

Fiscal Year	Amount
2022 (remaining nine months)	$	5,539
2023		6,948
2024		5,949
2025		5,589
2026		4,118
Thereafter		20,365
Total Lease Payments	$	48,508
Less: Imputed Interest		(9,618	)
Present Value of Lease Liabilities	$	38,890

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