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LEASES (Tables)
3 Months Ended
Jun. 30, 2025
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 June 30,

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Lease Cost

 

$

 

2,199

 

 

$

 

2,047

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-Term Lease Cost

 

 

 

623

 

 

 

 

341

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Lease Cost

 

$

 

2,822

 

 

$

 

2,388

 

 

 

 

 

 

 

 

 

 

 

Schedule of Balance Sheet Information Related to Leases

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

 

 

 

June 30,

 

 

March 31,

 

 

 

2025

 

 

2025

 

 

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Lease Right-of-Use Assets

 

$

 

31,866

 

 

$

 

29,313

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current Operating Lease Liabilities

 

$

 

4,688

 

 

$

 

4,032

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncurrent Operating Lease Liabilities

 

 

 

35,123

 

 

 

 

33,597

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Operating Lease Liabilities

 

$

 

39,811

 

 

$

 

37,629

 

 

 

 

 

 

 

 

 

 

Schedule of Future Payments for Operating Leases

Future payments for operating leases are as follows:

 

 

Amount

 

 

 

 

 

 

Fiscal Year

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

2026 (remaining nine months)

 

$

 

4,360

 

 

 

 

 

 

 

 

 

 

 

2027

 

 

 

5,227

 

 

 

 

 

 

 

 

 

 

 

2028

 

 

 

4,467

 

 

 

 

 

 

 

 

 

 

 

2029

 

 

 

4,044

 

 

 

 

 

 

 

 

 

 

 

2030

 

 

 

4,130

 

 

 

 

 

 

 

 

 

 

 

Thereafter

 

 

 

30,037

 

 

 

 

 

 

 

 

 

 

 

Total Lease Payments

 

$

 

52,265

 

 

 

 

 

 

 

 

 

 

 

Less: Imputed Interest

 

 

 

(12,454

)

 

 

 

 

 

 

 

 

 

 

Present Value of Lease Liabilities

 

$

 

39,811

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average Remaining Lease Term (in years)

 

 

 

11.8

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average Discount Rate

 

 

 

4.42

%