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Leases | 3 Months Ended
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Jun. 30, 2024
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, 2024 and 2023 were as follows:
|  | Three Months Ended June 30, |  |
(In thousands) |  | 2024 |  | 2023 |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 665 |  |  | $ | 665 |  |  |  |  |
Interest on lease liabilities |  | 9 |  |  | 30 |  |  |  |  |
Operating lease cost |  | 1,704 |  |  | 1,624 |  |  |  |  |
Short term lease cost |  | 32 |  |  | 33 |  |  |  |  |
Variable lease cost |  | 16,423 |  |  | 16,456 |  |  |  |  |
Total net lease cost |  | $ | 18,833 |  |  | $ | 18,808 |  |  |  |  |
As of June 30, 2024, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Finance Lease |  | Total
2025 (remaining nine months ending March 31, 2025) |  | $ | 3,348 |  |  | $ | 779 |  |  | $ | 4,127 |
2026 |  | 2,750 |  |  | 96 |  |  | 2,846 |
2027 |  | 2,214 |  |  | 80 |  |  | 2,294 |
2028 |  | 1,733 |  |  | — |  |  | 1,733 |
2029 |  | 374 |  |  | — |  |  | 374 |
Thereafter |  | 1,597 |  |  | — |  |  | 1,597 |
Total undiscounted lease payments |  | 12,016 |  |  | 955 |  |  | 12,971 |
Less amount of lease payments representing interest |  | (1,307) |  |  | (11) |  |  | (1,318) |
Total present value of lease payments |  | $ | 10,709 |  |  | $ | 944 |  |  | $ | 11,653 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | June 30, 2024
Weighted average remaining lease term (years) |  |
| Operating leases |  | 4.28
| Finance leases |  | 0.84
Weighted average discount rate |  |
| Operating leases |  | 4.77 | %
| Finance leases |  | 2.89 | %
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, 2024 and 2023 were as follows:
|  | Three Months Ended June 30, |  |
(In thousands) |  | 2024 |  | 2023 |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 665 |  |  | $ | 665 |  |  |  |  |
Interest on lease liabilities |  | 9 |  |  | 30 |  |  |  |  |
Operating lease cost |  | 1,704 |  |  | 1,624 |  |  |  |  |
Short term lease cost |  | 32 |  |  | 33 |  |  |  |  |
Variable lease cost |  | 16,423 |  |  | 16,456 |  |  |  |  |
Total net lease cost |  | $ | 18,833 |  |  | $ | 18,808 |  |  |  |  |
As of June 30, 2024, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Finance Lease |  | Total
2025 (remaining nine months ending March 31, 2025) |  | $ | 3,348 |  |  | $ | 779 |  |  | $ | 4,127 |
2026 |  | 2,750 |  |  | 96 |  |  | 2,846 |
2027 |  | 2,214 |  |  | 80 |  |  | 2,294 |
2028 |  | 1,733 |  |  | — |  |  | 1,733 |
2029 |  | 374 |  |  | — |  |  | 374 |
Thereafter |  | 1,597 |  |  | — |  |  | 1,597 |
Total undiscounted lease payments |  | 12,016 |  |  | 955 |  |  | 12,971 |
Less amount of lease payments representing interest |  | (1,307) |  |  | (11) |  |  | (1,318) |
Total present value of lease payments |  | $ | 10,709 |  |  | $ | 944 |  |  | $ | 11,653 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | June 30, 2024
Weighted average remaining lease term (years) |  |
| Operating leases |  | 4.28
| Finance leases |  | 0.84
Weighted average discount rate |  |
| Operating leases |  | 4.77 | %
| Finance leases |  | 2.89 | %

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- References No definition available. + Details
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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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