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Leases (Tables)
6 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Components of Lease Expense The components of lease expense for the three and six months ended September 30, 2023 and 2022 were as follows:
Three Months Ended September 30, Six Months Ended September 30,
(In thousands)2023202220232022
Finance lease cost:
     Amortization of right-of-use assets$664 $664 $1,329 $1,329 
     Interest on lease liabilities24 45 54 95 
Operating lease cost1,624 1,617 3,248 3,251 
Short term lease cost34 51 67 85 
Variable lease cost16,941 17,016 33,397 29,015 
Total net lease cost$19,287 $19,393 $38,095 $33,775 
The weighted average remaining lease term and weighted average discount rate were as follows:
September 30, 2023
Weighted average remaining lease term (years)
Operating leases3.02
Finance leases1.23
Weighted average discount rate
Operating leases3.62 %
Finance leases2.94 %
Maturities of Operating Leases
As of September 30, 2023, the maturities of lease liabilities were as follows:
(In thousands)
Year Ending March 31,Operating LeasesFinance
Lease
Total
2024 (remaining six months ending March 31, 2024)$3,564 $1,461 $5,025 
20254,810 1,509 6,319 
20262,328 96 2,424 
20271,913 80 1,993 
20281,433 — 1,433 
Thereafter254 — 254 
Total undiscounted lease payments14,302 3,146 17,448 
Less amount of lease payments representing interest(926)(52)(978)
Total present value of lease payments$13,376 $3,094 $16,470 
Maturities of Finance Leases
As of September 30, 2023, the maturities of lease liabilities were as follows:
(In thousands)
Year Ending March 31,Operating LeasesFinance
Lease
Total
2024 (remaining six months ending March 31, 2024)$3,564 $1,461 $5,025 
20254,810 1,509 6,319 
20262,328 96 2,424 
20271,913 80 1,993 
20281,433 — 1,433 
Thereafter254 — 254 
Total undiscounted lease payments14,302 3,146 17,448 
Less amount of lease payments representing interest(926)(52)(978)
Total present value of lease payments$13,376 $3,094 $16,470