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Leases | 6 Months Ended
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Sep. 30, 2025
Leases |
Leases | Note 16: Leases Lease assets and liabilities The following table provides a summary of leases recorded on the consolidated balance sheets. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Balance Sheet Location |  | September 30, 2025 |  | March 31, 2025
Lease Assets |  |  |  | ​ |  |  | ​ |
Operating lease ROU assets |  | Other noncurrent assets | ​ | $ | 107.1 | ​ | $ | 97.2
Finance lease ROU assets (a) |  | Property, plant and equipment - net | ​ |  | 7.0 | ​ |  | 6.9
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease Liabilities |  |  | ​ |  | ​ | ​ |  |
Operating lease liabilities |  | Other current liabilities | ​ | $ | 20.7 | ​ | $ | 18.0
Operating lease liabilities |  | Other noncurrent liabilities | ​ |  | 86.7 | ​ |  | 80.6
Finance lease liabilities |  | Long-term debt - current portion | ​ |  | 0.5 | ​ |  | 0.5
Finance lease liabilities |  | Long-term debt | ​ |  | 2.1 | ​ |  | 2.2
____ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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(a) | Finance right of use (“ROU”) assets were recorded net of accumulated amortization of $4.6 million and $4.2 million as of September 30, 2025 and March 31, 2025, respectively.
Components of lease expense The components of lease expense were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, | ​ | Six months ended September 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
Operating lease expense (a) | ​ | $ | 10.5 | ​ | $ | 7.7 | ​ | $ | 20.2 | ​ | $ | 14.6
Finance lease expense: | ​ |  | ​ | ​ |  |  | ​ |  | ​ | ​ |  |
Depreciation of ROU assets | ​ |  | 0.2 | ​ |  | 0.2 | ​ |  | 0.3 | ​ |  | 0.3
Interest on lease liabilities | ​ |  | 0.1 | ​ |  | 0.1 | ​ |  | 0.1 | ​ |  | 0.1
Total lease expense | ​ | $ | 10.8 | ​ | $ | 8.0 | ​ | $ | 20.6 | ​ | $ | 15.0
____ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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(a) | For the three and six months ended September 30, 2025, operating lease expense included short-term lease expense of $2.6 million and $5.0 million, respectively. For the three and six months ended September 30, 2024, operating lease expense included short-term lease expense of $1.8 million and $3.1 million, respectively. Variable lease expense was not significant.
During the second quarter of fiscal 2026, the Company signed a 7-year operating lease for a manufacturing facility with future lease payments totaling approximately $44.0 million. The Company expects this lease will commence in the third quarter of fiscal 2026. The Company is increasing its production capacity to support organic growth opportunities within its Data Center business.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References No definition available. + Details
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- References No definition available. + Details
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