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LEASES (Tables)
6 Months Ended
Sep. 30, 2024
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 September 30,

 

 

For the Six Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(dollars in thousands)

 

Operating Lease Cost

 

$

1,904

 

 

$

1,953

 

 

$

3,951

 

 

$

4,227

 

Short-term Lease Cost

 

 

304

 

 

 

191

 

 

 

645

 

 

 

414

 

Total Lease Cost

 

$

2,208

 

 

$

2,144

 

 

$

4,596

 

 

$

4,641

 

 

Schedule of Balance Sheet Information Related to Leases

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

 

 

 

September 30,

 

 

March 31,

 

 

 

2024

 

 

2024

 

 

 

(dollars in thousands)

 

Operating Leases

 

 

 

 

 

 

Operating Lease Right-of-Use Assets

 

$

17,316

 

 

$

19,373

 

 

 

 

 

 

 

 

Current Operating Lease Liabilities

 

$

6,029

 

 

$

7,899

 

Noncurrent Operating Lease Liabilities

 

 

17,628

 

 

 

19,037

 

Total Operating Lease Liabilities

 

$

23,657

 

 

$

26,936

 

Schedule of Future Payments for Operating Leases

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

Fiscal Year

 

Amount

 

2025 (remaining six months)

 

$

4,133

 

2026

 

 

4,845

 

2027

 

 

3,679

 

2028

 

 

2,812

 

2029

 

 

2,734

 

Thereafter

 

 

12,210

 

Total Lease Payments

 

$

30,413

 

Less: Imputed Interest

 

 

(6,756

)

Present Value of Lease Liabilities

 

$

23,657

 

 

 

 

 

Weighted-Average Remaining Lease Term (in years)

 

 

10.7

 

Weighted-Average Discount Rate

 

 

4.25

%