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Leases (Tables)

12 Months Ended

Mar. 31, 2022

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, 2022		As of March 31, 2021
Operating Leases:
Right-of-use assets	Other assets	$	71,085	$	62,159
Operating lease current liabilities	Accrued expenses	20,086		21,774
Operating lease non-current liabilities	Other liabilities	52,904		42,528
Finance Leases:
Right-of-use assets	Property, plant, and equipment, net	$	344	$	573
Finance lease current liabilities	Current portion of finance leases	185		236
Finance lease non-current liabilities	Finance leases	231		435

Components Of Lease Expense

The components of lease expense for the fiscal years ended March 31, 2022 and March 31, 2021 were as follows:


	Classification	March 31, 2022		March 31, 2021
Operating Leases:
Operating lease cost	Operating expenses	$	26,392	$	27,888
Variable lease cost	Operating expenses	9,620		7,781
Short term lease cost	Operating expenses	6,218		6,675
Finance Leases:
Depreciation	Operating expenses	$	233	$	221
Interest expense	Interest expense	26		33
Total		$	42,489	$	42,598

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, 2022 and March 31, 2021:

March 31, 2022

March 31, 2021

Operating Leases:

Weighted average remaining lease term (years)

6.1 years

5.5 years

Weighted average discount rate

4.43%

5.16%

Finance Leases:

Weighted average remaining lease term (years)

2.3 years

3.1 years

Weighted average discount rate

4.79%

4.81%

Maturity Of Operating Lease Liability

The following table presents future payments due under leases reconciled to lease liabilities as of March 31, 2022:


	Finance Leases		Operating Leases
Year ended March 31,
2023	$	210	$	22,954
2024	152		17,066
2025	46		12,387
2026	25		8,856
2027	—		6,681
Thereafter	—		16,630
Total undiscounted lease payments	433		84,574
Present value discount	17		11,584
Lease liability	$	416	$	72,990

Maturity Of Finance Lease Liability

The following table presents future payments due under leases reconciled to lease liabilities as of March 31, 2022:


	Finance Leases		Operating Leases
Year ended March 31,
2023	$	210	$	22,954
2024	152		17,066
2025	46		12,387
2026	25		8,856
2027	—		6,681
Thereafter	—		16,630
Total undiscounted lease payments	433		84,574
Present value discount	17		11,584
Lease liability	$	416	$	72,990

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, 2022 and March 31, 2021:


	March 31, 2022		March 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	26	$	33
Operating cash flows from operating leases	26,731		28,036
Financing cash flows from finance leases	238		216
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 liabilities	33,493		14,763