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Leases | 3 Months Ended
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Jun. 30, 2021
Leases [Abstract] |
Leases | Leases We lease real estate and equipment for use in our operations. The components of lease expense for the three months ended June 30, 2021 and 2020 were as follows:
|  |  |  | Three Months Ended June 30,
(In thousands) |  |  |  |  |  | 2021 |  | 2020
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  |  |  |  | $ | 642 |  |  | $ | 325 |
Interest on lease liabilities |  |  |  |  |  | 66 |  |  | 50 |
Operating lease cost |  |  |  |  |  | 1,687 |  |  | 1,697 |
Short term lease cost |  |  |  |  |  | 22 |  |  | 23 |
Variable lease cost |  |  |  |  |  | 11,651 |  |  | 11,707 |
Sublease income |  |  |  |  |  | — |  |  | (54) |
Total net lease cost |  |  |  |  |  | $ | 14,068 |  |  | $ | 13,748 |
As of June 30, 2021, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Finance Lease |  | Total
2022 (Remaining nine months ending March 31, 2022) |  | $ | 5,453 |  |  | $ | 2,119 |  |  | $ | 7,572 |
2023 |  | 6,377 |  |  | 2,826 |  |  | 9,203 |
2024 |  | 6,335 |  |  | 2,826 |  |  | 9,161 |
2025 |  | 4,137 |  |  | 1,413 |  |  | 5,550 |
2026 |  | 1,815 |  |  | — |  |  | 1,815 |
Thereafter |  | 3,164 |  |  | — |  |  | 3,164 |
Total undiscounted lease payments |  | 27,281 |  |  | 9,184 |  |  | 36,465 |
Less amount of lease payments representing interest |  | (2,978) |  |  | (420) |  |  | (3,398) |
Total present value of lease payments |  | $ | 24,303 |  |  | $ | 8,764 |  |  | $ | 33,067 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | June 30, 2021
Weighted average remaining lease term (years) |  |
| Operating leases |  | 4.45
| Finance leases |  | 3.25
Weighted average discount rate |  |
| Operating leases |  | 5.26 | %
| Finance leases |  | 2.98 | %
Leases | Leases We lease real estate and equipment for use in our operations. The components of lease expense for the three months ended June 30, 2021 and 2020 were as follows:
|  |  |  | Three Months Ended June 30,
(In thousands) |  |  |  |  |  | 2021 |  | 2020
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  |  |  |  | $ | 642 |  |  | $ | 325 |
Interest on lease liabilities |  |  |  |  |  | 66 |  |  | 50 |
Operating lease cost |  |  |  |  |  | 1,687 |  |  | 1,697 |
Short term lease cost |  |  |  |  |  | 22 |  |  | 23 |
Variable lease cost |  |  |  |  |  | 11,651 |  |  | 11,707 |
Sublease income |  |  |  |  |  | — |  |  | (54) |
Total net lease cost |  |  |  |  |  | $ | 14,068 |  |  | $ | 13,748 |
As of June 30, 2021, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Finance Lease |  | Total
2022 (Remaining nine months ending March 31, 2022) |  | $ | 5,453 |  |  | $ | 2,119 |  |  | $ | 7,572 |
2023 |  | 6,377 |  |  | 2,826 |  |  | 9,203 |
2024 |  | 6,335 |  |  | 2,826 |  |  | 9,161 |
2025 |  | 4,137 |  |  | 1,413 |  |  | 5,550 |
2026 |  | 1,815 |  |  | — |  |  | 1,815 |
Thereafter |  | 3,164 |  |  | — |  |  | 3,164 |
Total undiscounted lease payments |  | 27,281 |  |  | 9,184 |  |  | 36,465 |
Less amount of lease payments representing interest |  | (2,978) |  |  | (420) |  |  | (3,398) |
Total present value of lease payments |  | $ | 24,303 |  |  | $ | 8,764 |  |  | $ | 33,067 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | June 30, 2021
Weighted average remaining lease term (years) |  |
| Operating leases |  | 4.45
| Finance leases |  | 3.25
Weighted average discount rate |  |
| Operating leases |  | 5.26 | %
| Finance leases |  | 2.98 | %

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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