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v3.22.4

Leases (Tables) | 9 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Lease Cost | The following table provides information about the financial statement classification of our lease expenses reported within the Consolidated Statements of Comprehensive Income for the three and nine months ended December 31, 2022 and January 1, 2022 (in thousands):
|  | Three Months Ended |  | Nine Months Ended
Lease Expense Category | Classification | December 31, 2022 |  | January 1, 2022 |  | December 31, 2022 |  | January 1, 2022
Operating lease expense(2): |  |  |  |  |  |  |  |
| Cost of sales | $ | 297 |  |  | $ | 286 |  |  | $ | 898 |  |  | $ | 858 |
| Selling, general and administrative expenses | 1,057 |  |  | 910 |  |  | 3,012 |  |  | 2,640 |
Finance lease expense: |  |  |  |  |  |  |  |
Amortization of leased assets | Cost of sales | 44 |  |  | 9 |  |  | 131 |  |  | 26 |
Interest on lease liabilities | Interest expense | 71 |  |  | 73 |  |  | 212 |  |  | 80 |
Total lease expense |  | $ | 1,469 |  |  | $ | 1,278 |  |  | $ | 4,253 |  |  | $ | 3,604 |
(2) Excludes short-term and variable lease expenses, which are immaterial.
Finance lease minimum future payments | The present value of the minimum payments for future fiscal years under non-cancelable leases as of December 31, 2022 was as follows (in thousands):
| Operating Leases |  | Finance Leases |  | Total
Remainder of 2023 | $ | 1,405 |  |  | $ | 89 |  |  | $ | 1,494 |
2024 | 5,308 |  |  | 356 |  |  | 5,664 |
2025 | 4,318 |  |  | 356 |  |  | 4,674 |
2026 | 3,897 |  |  | 356 |  |  | 4,253 |
2027 | 1,686 |  |  | 356 |  |  | 2,042 |
2028 | 1,203 |  |  | 356 |  |  | 1,559 |
Thereafter | 2,795 |  |  | 10,585 |  |  | 13,380 |
Total lease payments | 20,612 |  |  | 12,454 |  |  | 33,066 |
Less amount representing interest | (2,165) |  |  | (6,193) |  |  | (8,358) |
Present value of lease liabilities | $ | 18,447 |  |  | $ | 6,261 |  |  | $ | 24,708 |
Operating lease minimum future payments | The present value of the minimum payments for future fiscal years under non-cancelable leases as of December 31, 2022 was as follows (in thousands):
| Operating Leases |  | Finance Leases |  | Total
Remainder of 2023 | $ | 1,405 |  |  | $ | 89 |  |  | $ | 1,494 |
2024 | 5,308 |  |  | 356 |  |  | 5,664 |
2025 | 4,318 |  |  | 356 |  |  | 4,674 |
2026 | 3,897 |  |  | 356 |  |  | 4,253 |
2027 | 1,686 |  |  | 356 |  |  | 2,042 |
2028 | 1,203 |  |  | 356 |  |  | 1,559 |
Thereafter | 2,795 |  |  | 10,585 |  |  | 13,380 |
Total lease payments | 20,612 |  |  | 12,454 |  |  | 33,066 |
Less amount representing interest | (2,165) |  |  | (6,193) |  |  | (8,358) |
Present value of lease liabilities | $ | 18,447 |  |  | $ | 6,261 |  |  | $ | 24,708 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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