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Leases

3 Months Ended

Jun. 30, 2022

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, 2022 and 2021 were as follows:

												Three Months Ended June 30,
(In thousands)																		2022						2021
Finance lease cost:
Amortization of right-of-use assets																		$	665					$	642
Interest on lease liabilities																		50						66
Operating lease cost																		1,634						1,687
Short term lease cost																		34						22
Variable lease cost																		11,999						11,651
Total net lease cost																		$	14,382					$	14,068

As of June 30, 2022, the maturities of lease liabilities were as follows:

(In thousands)
Year Ending March 31,						Operating Leases						Finance Lease						Total
2023 (Remaining nine months ending March 31, 2023)						$	5,382					$	2,191					$	7,573
2024						6,850						2,923						9,773
2025						4,586						1,509						6,095
2026						2,181						96						2,277
2027						1,883						80						1,963
Thereafter						1,682						—						1,682
Total undiscounted lease payments						22,564						6,799						29,363
Less amount of lease payments representing interest						(1,556)						(227)						(1,783)
Total present value of lease payments						$	21,008					$	6,572					$	27,580

The weighted average remaining lease term and weighted average discount rate were as follows:

									June 30, 2022
Weighted average remaining lease term (years)
			Operating leases						3.81
			Finance leases						2.40
Weighted average discount rate
			Operating leases						3.08		%
			Finance leases						2.95		%

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, 2022 and 2021 were as follows:

												Three Months Ended June 30,
(In thousands)																		2022						2021
Finance lease cost:
Amortization of right-of-use assets																		$	665					$	642
Interest on lease liabilities																		50						66
Operating lease cost																		1,634						1,687
Short term lease cost																		34						22
Variable lease cost																		11,999						11,651
Total net lease cost																		$	14,382					$	14,068

As of June 30, 2022, the maturities of lease liabilities were as follows:

(In thousands)
Year Ending March 31,						Operating Leases						Finance Lease						Total
2023 (Remaining nine months ending March 31, 2023)						$	5,382					$	2,191					$	7,573
2024						6,850						2,923						9,773
2025						4,586						1,509						6,095
2026						2,181						96						2,277
2027						1,883						80						1,963
Thereafter						1,682						—						1,682
Total undiscounted lease payments						22,564						6,799						29,363
Less amount of lease payments representing interest						(1,556)						(227)						(1,783)
Total present value of lease payments						$	21,008					$	6,572					$	27,580

The weighted average remaining lease term and weighted average discount rate were as follows:

									June 30, 2022
Weighted average remaining lease term (years)
			Operating leases						3.81
			Finance leases						2.40
Weighted average discount rate
			Operating leases						3.08		%
			Finance leases						2.95		%

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- References

No definition available.

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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 https://asc.fasb.org/subtopic&trid=77888251

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X

- 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 https://asc.fasb.org/subtopic&trid=77888251

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