XML 54 R36.htm IDEA: XBRL DOCUMENT v3.21.1
Leases (Tables)
 12 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases
The following table presents lease assets and liabilities and their balance sheet classification:
Classification
As of
March 31, 2021
As of
March 31, 2020
Operating Leases:
Right-of-use assetsOther assets$62,159 $70,045 
Operating lease current liabilitiesAccrued expenses21,774 21,128 
Operating lease non-current liabilitiesOther liabilities42,528 51,215 
Finance Leases:
Right-of-use assetsProperty, plant, and equipment, net$573 $540 
Finance lease current liabilities
Current portion of finance leases
236 162 
Finance lease non-current liabilitiesFinance leases435 407 
Components of Lease Expense
The components of lease expense for the fiscal years ended March 31, 2021 and March 31, 2020 were as follows:
ClassificationMarch 31, 2021March 31, 2020
Operating Leases:
Operating lease costOperating expenses$27,888 $28,855 
Variable lease costOperating expenses7,781 8,238 
Short term lease costOperating expenses6,675 7,553 
Finance Leases:
DepreciationOperating expenses$221 $461 
Interest expenseInterest expense33 37 
Total$42,598 $45,144 
Weighted Average Lease Term and Discount Rates
The following table presents the weighted average lease term and discount rates for leases as of March 31, 2021 and March 31, 2020:
March 31, 2021March 31, 2020
Operating Leases:
Weighted average remaining lease term (years)5.5 years5.0 years
Weighted average discount rate5.16%5.17%
Finance Leases:
Weighted average remaining lease term (years)3.1 years3.5 years
Weighted average discount rate4.81%4.92%
Maturity of Operating Lease Liability
The following table presents future payments due under leases reconciled to lease liabilities as of March 31, 2021:
Finance LeasesOperating Leases
Year ended March 31,
2022$264 $24,663 
2023218 16,618 
2024159 10,717 
202548 6,977 
202626 5,114 
Thereafter— 12,997 
Total undiscounted lease payments715 77,086 
Present value discount44 12,784 
Lease liability$671 $64,302 
Maturity of Finance Lease Liability
The following table presents future payments due under leases reconciled to lease liabilities as of March 31, 2021:
Finance LeasesOperating Leases
Year ended March 31,
2022$264 $24,663 
2023218 16,618 
2024159 10,717 
202548 6,977 
202626 5,114 
Thereafter— 12,997 
Total undiscounted lease payments715 77,086 
Present value discount44 12,784 
Lease liability$671 $64,302 
Supplemental Cash Flow Information Related to Leases
The following table presents supplemental disclosures of cash flow information related to leases for the fiscal years ended March 31, 2021 and March 31, 2020:
March 31, 2021March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$33 $37 
Operating cash flows from operating leases28,036 28,593 
Financing cash flows from finance leases216 461 
Supplemental non-cash information on lease liabilities arising from right-of-use assets:
Right-of-use assets obtained in exchange for new finance lease liabilities$266 $— 
Right-of-use assets obtained in exchange for new operating lease liabilities14,763 11,902