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LEASES (Tables)
12 Months Ended
Mar. 31, 2023
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 Years Ended March 31,

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

(dollars in thousands)

 

Operating Lease Cost

 

$

7,339

 

 

$

6,543

 

 

$

6,757

 

Short-term Lease Cost

 

 

593

 

 

 

1,261

 

 

 

2,562

 

Total Lease Cost

 

$

7,932

 

 

$

7,804

 

 

$

9,319

 

Schedule of Balance Sheet Information Related to Leases

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

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

 

 

(dollars in thousands)

 

Operating Leases:

 

 

 

 

 

 

Operating Lease Right-of-Use Assets

 

$

20,759

 

 

$

23,856

 

 

 

 

 

 

 

 

Current Operating Lease Liabilities

 

$

6,009

 

 

$

7,118

 

Noncurrent Operating Lease Liabilities

 

 

24,940

 

 

 

29,212

 

Total Operating Lease Liabilities

 

$

30,949

 

 

$

36,330

 

 

Schedule of Future Payments for Operating Leases

Future payments for operating leases are as follows:

 

 

 

Amount

 

Fiscal Year

 

(dollars in thousands)

 

2024

 

$

6,875

 

2025

 

 

6,427

 

2026

 

 

4,662

 

2027

 

 

3,540

 

2028

 

 

2,705

 

Thereafter

 

 

14,229

 

Total Lease Payments

 

$

38,438

 

Less: Imputed Interest

 

 

(7,489

)

Present Value of Lease Liabilities

 

$

30,949

 

 

 

 

 

Weighted-Average Remaining Lease Term (in years)

 

 

10.2

 

Weighted-Average Discount Rate

 

 

3.80

%