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Leases (Tables)
 12 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Components of Lease Expense
The components of lease expense for the years ended March 31, 2022 and 2021 were as follows:
March 31,
(In thousands)20222021
Finance lease cost:
     Amortization of right-of-use assets$2,579 $2,039 
     Interest on lease liabilities239 254 
Operating lease cost6,670 6,754 
Short term lease cost107 85 
Variable lease cost42,868 46,771 
Sublease income— (188)
Total net lease cost$52,463 $55,715 
The weighted average remaining lease term and weighted average discount rate were as follows:
March 31, 2022
Weighted average remaining lease term (years)
Operating leases4.03
Financing leases2.64
Weighted average discount rate
Operating leases3.03 %
Financing leases2.96 %
Maturities of Operating Leases
As of March 31, 2022, the maturities of lease liabilities were as follows:
(In thousands)
Year Ending March 31,Operating LeasesFinancing LeasesTotal
2023$6,931 $2,922 $9,853 
20246,804 2,922 9,726 
20254,624 1,509 6,133 
20262,212 96 2,308 
20271,889 80 1,969 
Thereafter1,705 — 1,705 
Total undiscounted lease payments24,165 7,529 31,694 
Less amount of lease payments representing interest(1,717)(276)(1,993)
Total present value of lease payments$22,448 $7,253 $29,701 
Maturities of Finance Leases
As of March 31, 2022, the maturities of lease liabilities were as follows:
(In thousands)
Year Ending March 31,Operating LeasesFinancing LeasesTotal
2023$6,931 $2,922 $9,853 
20246,804 2,922 9,726 
20254,624 1,509 6,133 
20262,212 96 2,308 
20271,889 80 1,969 
Thereafter1,705 — 1,705 
Total undiscounted lease payments24,165 7,529 31,694 
Less amount of lease payments representing interest(1,717)(276)(1,993)
Total present value of lease payments$22,448 $7,253 $29,701