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Leases (Tables)

12 Months Ended

Mar. 31, 2024

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, 2024		As of March 31, 2023
Operating Leases:
Right-of-use assets	Other assets	$	76,413	$	85,237
Operating lease current liabilities	Accrued expenses	19,280		21,230
Operating lease non-current liabilities	Other liabilities	61,687		66,555
Finance Leases:
Right-of-use assets	Property, plant, and equipment, net	$	878	$	342
Finance lease current liabilities	Current portion of finance leases	237		90
Finance lease non-current liabilities	Finance leases	647		254

Components Of Lease Expense

The components of lease expense for the fiscal years ended March 31, 2024 and March 31, 2023 were as follows:


	Classification	March 31, 2024		March 31, 2023
Operating Leases:
Operating lease cost	Operating expenses	$	28,030	$	20,232
Variable lease cost	Operating expenses	11,669		9,816
Short term lease cost	Operating expenses	8,078		4,310
Finance Leases:
Depreciation	Operating expenses	$	297	$	95
Interest expense	Interest expense	57		10
Total		$	48,131	$	34,463

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, 2024 and March 31, 2023:

March 31, 2024

March 31, 2023

Operating Leases:

Weighted average remaining lease term (years)

5.5 years

5.9 years

Weighted average discount rate

5.38%

4.93%

Finance Leases:

Weighted average remaining lease term (years)

3.8 years

3.7 years

Weighted average discount rate

7.4%

6.79%

Maturity Of Operating Lease Liability

The following table presents future payments due under leases reconciled to lease liabilities as of March 31, 2024:


	Finance Leases		Operating Leases
Year ended March 31,
2025	$	290	$	22,890
2026	256		20,048
2027	232		16,819
2028	194		13,200
2029	39		7,846
Thereafter	—		13,224
Total undiscounted lease payments	1,012		94,026
Present value discount	128		13,059
Lease liability	$	884	$	80,967

Maturity Of Finance Lease Liability

The following table presents future payments due under leases reconciled to lease liabilities as of March 31, 2024:


	Finance Leases		Operating Leases
Year ended March 31,
2025	$	290	$	22,890
2026	256		20,048
2027	232		16,819
2028	194		13,200
2029	39		7,846
Thereafter	—		13,224
Total undiscounted lease payments	1,012		94,026
Present value discount	128		13,059
Lease liability	$	884	$	80,967

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, 2024 and March 31, 2023:


	March 31, 2024		March 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	57	$	15
Operating cash flows from operating leases	27,406		27,176
Financing cash flows from finance leases	275		151
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	$	811	$	254
Right-of-use assets obtained in exchange for new operating lease liabilities	31,284		24,423