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Leases (Tables) | 3 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Summary of Lease Cost | The components of the Company's lease costs, weighted average lease terms and discount rates are presented in the tables below:
|  | Three Months Ended |  |  | Three Months Ended |
|  | June 30, 2020 |  |  | June 30, 2019 |
|  | (In thousands) |
Lease cost: |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 15,870 |  |  | $ | 15,399 |
Finance lease cost: |  |  |  |  |  |  |  |
Depreciation of assets obtained under finance leases |  |  | 3,653 |  |  |  | — |
Interest on lease liabilities |  |  | 855 |  |  |  | — |
Short-term lease cost |  |  | 1,674 |  |  |  | 611 |
Variable lease cost |  |  | 2,108 |  |  |  | 1,679 |
Net lease cost |  | $ | 24,160 |  |  | $ | 17,689 |
Summary of Operating and Finance Lease Costs Weighted Average Lease Terms and Discount Rates |
|  | As of |  |  | As of |
|  | June 30, 2020 |  |  | March 31, 2020 |
Lease term and discount rate: |  |  |  |  |  |  |  |
Weighted average remaining lease term (in years): |  |  |  |  |  |  |  |
Operating leases |  |  | 6.8 |  |  |  | 7.0 |
Finance leases |  |  | 6.1 |  |  |  | 6.3 |
Weighted average discount rate: |  |  |  |  |  |  |  |
Operating leases |  |  | 5.4 | % |  |  | 5.4 | %
Finance leases |  |  | 5.4 | % |  |  | 5.4 | %
Summary of Components of Condensed Consolidated Statements of Cash Flow for Operating and Finance Leases | The following table details components of the condensed consolidated statements of cash flows for operating and finance leases:
|  | Three Months Ended |  |  | Three Months Ended |
|  | June 30, 2020 |  |  | June 30, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 15,482 |  |  | $ | 14,914 |
Operating cash flows from finance leases |  |  | 867 |  |  |  | — |
Financing cash flows from finance leases |  |  | 2,583 |  |  |  | — |
Right-of-use assets obtained in exchange for lease liabilities: |  |  |  |  |  |  |  |
Operating leases |  | $ | 7,870 |  |  | $ | 3,566 |
Summary of Maturities of Lease Liabilities | The following table presents maturities of the Company’s lease liabilities as of June 30, 2020:
|  | Operating Leases |  |  | Finance Leases |
|  | (In thousands) |
Expected for the remainder of fiscal year 2021 |  | $ | 44,488 |  |  | $ | 9,900 |
Expected for fiscal year 2022 |  |  | 60,739 |  |  |  | 12,000 |
Expected for fiscal year 2023 |  |  | 56,773 |  |  |  | 12,000 |
Expected for fiscal year 2024 |  |  | 55,533 |  |  |  | 12,000 |
Expected for fiscal year 2025 |  |  | 51,456 |  |  |  | 12,000 |
Thereafter |  |  | 122,896 |  |  |  | 15,000 |
Total future lease payments required |  |  | 391,885 |  |  |  | 72,900 |
Less: interest |  |  | 65,913 |  |  |  | 10,539 |
Total |  | $ | 325,972 |  |  | $ | 62,361 |

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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 http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of operating and 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 No definition available. + Details
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- Definition Tabular disclosure of supplemental cash flow information related to leases. + References No definition available. + Details
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- Definition Schedule of operating and finance lease costs weighted average lease terms and discount rates. + References No definition available. + Details
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