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Leases | 9 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Leases | Leases We lease real estate and equipment for use in our operations. The components of lease expense for the three and nine months ended December 31, 2023 and 2022 were as follows:
|  | Three Months Ended December 31, |  | Nine Months Ended December 31,
(In thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 665 |  |  | $ | 665 |  |  | $ | 1,994 |  |  | $ | 1,994 |
Interest on lease liabilities |  | 20 |  |  | 41 |  |  | 74 |  |  | 136 |
Operating lease cost |  | 1,624 |  |  | 1,621 |  |  | 4,872 |  |  | 4,872 |
Short term lease cost |  | 34 |  |  | 35 |  |  | 101 |  |  | 120 |
Variable lease cost |  | 14,488 |  |  | 14,727 |  |  | 47,885 |  |  | 43,742 |
Total net lease cost |  | $ | 16,831 |  |  | $ | 17,089 |  |  | $ | 54,926 |  |  | $ | 50,864 |
As of December 31, 2023, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Finance Lease |  | Total
2024 (remaining three months ending March 31, 2024) |  | $ | 1,806 |  |  | $ | 731 |  |  | $ | 2,537 |
2025 |  | 4,834 |  |  | 1,509 |  |  | 6,343 |
2026 |  | 2,348 |  |  | 96 |  |  | 2,444 |
2027 |  | 1,916 |  |  | 80 |  |  | 1,996 |
2028 |  | 1,437 |  |  | — |  |  | 1,437 |
Thereafter |  | 265 |  |  | — |  |  | 265 |
Total undiscounted lease payments |  | 12,606 |  |  | 2,416 |  |  | 15,022 |
Less amount of lease payments representing interest |  | (818) |  |  | (33) |  |  | (851) |
Total present value of lease payments |  | $ | 11,788 |  |  | $ | 2,383 |  |  | $ | 14,171 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | December 31, 2023
Weighted average remaining lease term (years) |  |
| Operating leases |  | 2.95
| Finance leases |  | 1.03
Weighted average discount rate |  |
| Operating leases |  | 3.80 | %
| Finance leases |  | 2.93 | %
Leases | Leases We lease real estate and equipment for use in our operations. The components of lease expense for the three and nine months ended December 31, 2023 and 2022 were as follows:
|  | Three Months Ended December 31, |  | Nine Months Ended December 31,
(In thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 665 |  |  | $ | 665 |  |  | $ | 1,994 |  |  | $ | 1,994 |
Interest on lease liabilities |  | 20 |  |  | 41 |  |  | 74 |  |  | 136 |
Operating lease cost |  | 1,624 |  |  | 1,621 |  |  | 4,872 |  |  | 4,872 |
Short term lease cost |  | 34 |  |  | 35 |  |  | 101 |  |  | 120 |
Variable lease cost |  | 14,488 |  |  | 14,727 |  |  | 47,885 |  |  | 43,742 |
Total net lease cost |  | $ | 16,831 |  |  | $ | 17,089 |  |  | $ | 54,926 |  |  | $ | 50,864 |
As of December 31, 2023, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Finance Lease |  | Total
2024 (remaining three months ending March 31, 2024) |  | $ | 1,806 |  |  | $ | 731 |  |  | $ | 2,537 |
2025 |  | 4,834 |  |  | 1,509 |  |  | 6,343 |
2026 |  | 2,348 |  |  | 96 |  |  | 2,444 |
2027 |  | 1,916 |  |  | 80 |  |  | 1,996 |
2028 |  | 1,437 |  |  | — |  |  | 1,437 |
Thereafter |  | 265 |  |  | — |  |  | 265 |
Total undiscounted lease payments |  | 12,606 |  |  | 2,416 |  |  | 15,022 |
Less amount of lease payments representing interest |  | (818) |  |  | (33) |  |  | (851) |
Total present value of lease payments |  | $ | 11,788 |  |  | $ | 2,383 |  |  | $ | 14,171 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | December 31, 2023
Weighted average remaining lease term (years) |  |
| Operating leases |  | 2.95
| Finance leases |  | 1.03
Weighted average discount rate |  |
| Operating leases |  | 3.80 | %
| Finance leases |  | 2.93 | %

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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