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LEASES (Tables)
9 Months Ended
Dec. 31, 2021
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 December 31,

 

 

For the Nine Months Ended December 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(dollars in thousands)

 

Operating Lease Cost

 

$

1,512

 

 

$

1,642

 

 

$

4,592

 

 

$

5,205

 

Short-term Lease Cost

 

 

233

 

 

 

418

 

 

 

1,044

 

 

 

2,025

 

Total Lease Cost

 

$

1,745

 

 

$

2,060

 

 

$

5,636

 

 

$

7,230

 

Schedule of Balance Sheet Information Related to Leases

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

 

 

 

December 31,

 

 

March 31,

 

 

 

2021

 

 

2021

 

 

 

(dollars in thousands)

 

Operating Leases

 

 

 

 

 

 

Operating Lease Right-of-Use Assets

 

$

23,923

 

 

$

25,811

 

 

 

 

 

 

 

 

Current Operating Lease Liabilities

 

$

7,004

 

 

$

6,343

 

Noncurrent Operating Lease Liabilities

 

 

29,960

 

 

 

34,444

 

Total Operating Lease Liabilities

 

$

36,964

 

 

$

40,787

 

Schedule of Future Payments for Operating Leases

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

Fiscal Year

 

Amount

 

2022 (remaining three months)

 

$

2,036

 

2023

 

 

7,829

 

2024

 

 

5,949

 

2025

 

 

5,589

 

2026

 

 

4,118

 

Thereafter

 

 

20,371

 

Total Lease Payments

 

$

45,892

 

Less: Imputed Interest

 

 

(8,928

)

Present Value of Lease Liabilities

 

$

36,964

 

 

 

 

 

Weighted-Average Remaining Lease Term (in years)

 

 

10.2

 

Weighted-Average Discount Rate

 

 

3.79

%