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Leases (Tables)
 12 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Components of Lease Expense
The components of lease expense for the years ended March 31, 2023 and 2022 were as follows:
March 31,
(In thousands)20232022
Finance lease cost:
     Amortization of right-of-use assets$2,658 $2,579 
     Interest on lease liabilities170 239 
Operating lease cost6,495 6,670 
Short term lease cost153 107 
Variable lease cost59,735 42,868 
Total net lease cost$69,211 $52,463 
The weighted average remaining lease term and weighted average discount rate were as follows:
March 31, 2023
Weighted average remaining lease term (years)
Operating leases3.28
Financing leases1.68
Weighted average discount rate
Operating leases3.39 %
Financing leases2.95 %
Maturities of Operating Leases
As of March 31, 2023, the maturities of lease liabilities were as follows:
(In thousands)
Year Ending March 31,Operating LeasesFinancing LeasesTotal
2024$7,389 $2,922 $10,311 
20254,745 1,509 6,254 
20262,260 96 2,356 
20271,887 80 1,967 
20281,434 — 1,434 
Thereafter257 — 257 
Total undiscounted lease payments17,972 4,607 22,579 
Less amount of lease payments representing interest(1,170)(106)(1,276)
Total present value of lease payments$16,802 $4,501 $21,303 
Maturities of Finance Leases
As of March 31, 2023, the maturities of lease liabilities were as follows:
(In thousands)
Year Ending March 31,Operating LeasesFinancing LeasesTotal
2024$7,389 $2,922 $10,311 
20254,745 1,509 6,254 
20262,260 96 2,356 
20271,887 80 1,967 
20281,434 — 1,434 
Thereafter257 — 257 
Total undiscounted lease payments17,972 4,607 22,579 
Less amount of lease payments representing interest(1,170)(106)(1,276)
Total present value of lease payments$16,802 $4,501 $21,303