XML 41 R32.htm IDEA: XBRL DOCUMENT v3.24.4
LEASES (Tables)
9 Months Ended
Dec. 31, 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 December 31,

 

 

For the Nine Months Ended December 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(dollars in thousands)

 

Operating Lease Cost

 

$

1,982

 

 

$

1,921

 

 

$

5,933

 

 

$

6,148

 

Short-Term Lease Cost

 

 

317

 

 

 

187

 

 

 

962

 

 

 

601

 

Total Lease Cost

 

$

2,299

 

 

$

2,108

 

 

$

6,895

 

 

$

6,749

 

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,

 

 

 

2024

 

 

2024

 

 

 

(dollars in thousands)

 

Operating Leases

 

 

 

 

 

 

Operating Lease Right-of-Use Assets

 

$

34,227

 

 

$

19,373

 

 

 

 

 

 

 

 

Current Operating Lease Liabilities

 

$

5,074

 

 

$

7,899

 

Noncurrent Operating Lease Liabilities

 

 

34,951

 

 

 

19,037

 

Total Operating Lease Liabilities

 

$

40,025

 

 

$

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 three months)

 

$

1,893

 

2026

 

 

4,959

 

2027

 

 

4,183

 

2028

 

 

3,495

 

2029

 

 

3,530

 

Thereafter

 

 

34,094

 

Total Lease Payments

 

$

52,154

 

Less: Imputed Interest

 

 

(12,129

)

Present Value of Lease Liabilities

 

$

40,025

 

 

 

 

 

Weighted-Average Remaining Lease Term (in years)

 

 

11.2

 

Weighted-Average Discount Rate

 

 

3.30

%