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v3.23.1

Leases (Tables) | 12 Months Ended
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Mar. 31, 2023
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:
|  | Fiscal Years Ended |
|  | March 31, 2023 |  |  | March 31, 2022 |  |  | March 31, 2021 |
|  | (In thousands) |
Lease cost: |  |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 87,627 |  |  | $ | 68,822 |  |  | $ | 63,576 |
Finance lease cost: |  |  |  |  |  |  |  |  |
Depreciation of assets obtained under finance leases |  |  | 11,947 |  |  |  | 11,961 |  |  |  | 13,656 |
Interest on lease liabilities |  |  | 2,441 |  |  |  | 2,749 |  |  |  | 3,314 |
Short-term lease cost |  |  | 14,410 |  |  |  | 10,514 |  |  |  | 5,618 |
Variable lease cost |  |  | 15,261 |  |  |  | 8,752 |  |  |  | 7,176 |
Net lease cost |  | $ | 131,686 |  |  | $ | 102,798 |  |  | $ | 93,340 |
Summary of Operating and Finance Lease Costs Weighted Average Lease Terms and Discount Rates |
|  | As of |  |  | As of |  |  | As of |
|  | March 31, 2023 |  |  | March 31, 2022 |  |  | March 31, 2021 |
Lease term and discount rate: |  |  |  |  |  |  |  |  |
Weighted average remaining lease term (in years): |  |  |  |  |  |  |  |  |
Operating leases |  |  | 6.3 |  |  |  | 7.0 |  |  |  | 7.4 |
Finance leases |  | 3.4 |  |  | 4.4 |  |  |  | 5.3 |
Weighted average discount rate: |  |  |  |  |  |  |  |  |
Operating leases |  |  | 5.7 | % |  |  | 5.4 | % |  |  | 5.4 | %
Finance leases |  |  | 6.3 | % |  |  | 5.4 | % |  |  | 5.4 | %
Summary of Components of the Consolidated Statements of Cash Flow for Operating and Finance Leases | The following table details components of the consolidated statements of cash flows for operating and finance leases:
|  | Fiscal Years Ended |
|  | March 31, 2023 |  |  | March 31, 2022 |  |  | March 31, 2021 |
|  | (In thousands) |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 69,595 |  |  | $ | 68,763 |  |  | $ | 63,167 |
Operating cash flows from finance leases |  |  | 2,449 |  |  |  | 3,024 |  |  |  | 3,108 |
Financing cash flows from finance leases |  |  | 11,572 |  |  |  | 10,749 |  |  |  | 10,900 |
Right-of-use assets obtained in exchange for lease liabilities: |  |  |  |  |  |  |  |  |
Operating leases |  | $ | 9,817 |  |  | $ | 61,599 |  |  | $ | 66,162 |
Finance leases |  |  | 2,232 |  |  |  | — |  |  |  | 2,076 |
Summary of Maturities of Lease Liabilities | The following table presents maturities of the Company’s lease liabilities as of March 31, 2023:
|  | Operating Leases |  |  | Finance Leases |
|  | (In thousands) |
Expected for fiscal year 2024 |  | $ | 67,803 |  |  | $ | 13,230 |
Expected for fiscal year 2025 |  |  | 64,508 |  |  |  | 12,000 |
Expected for fiscal year 2026 |  |  | 61,466 |  |  |  | 12,000 |
Expected for fiscal year 2027 |  |  | 58,239 |  |  |  | 3,000 |
Expected for fiscal year 2028 |  |  | 50,820 |  |  |  | — |
Thereafter |  |  | 83,618 |  |  |  | — |
Total future lease payments required |  |  | 386,454 |  |  |  | 40,230 |
Less: interest |  |  | 62,809 |  |  |  | 3,825 |
Total |  | $ | 323,645 |  |  | $ | 36,405 |

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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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