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Leases (Tables)

3 Months Ended

Jun. 30, 2024

Leases [Abstract]

Schedule of Components of Lease Expense

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

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		%

Schedule of Maturities of Operating Leases

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

Schedule of Maturities of Finance Leases

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

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

+ Details

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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