XML 50 R11.htm IDEA: XBRL DOCUMENT
v3.24.3

Leases | 6 Months Ended
--- | ---
Sep. 30, 2024
Leases [Abstract] |
Leases | Leases We lease real estate and equipment for use in our operations. The components of lease expense for the six months ended September 30, 2024 and 2023 were as follows:
|  | Three Months Ended September 30, |  | Six Months Ended September 30,
(In thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 664 |  |  | $ | 664 |  |  | $ | 1,329 |  |  | $ | 1,329 |
Interest on lease liabilities |  | 3 |  |  | 24 |  |  | 12 |  |  | 54 |
Operating lease cost |  | 1,705 |  |  | 1,624 |  |  | 3,409 |  |  | 3,248 |
Short term lease cost |  | 31 |  |  | 34 |  |  | 63 |  |  | 67 |
Variable lease cost |  | 16,125 |  |  | 16,941 |  |  | 32,548 |  |  | 33,397 |
Total net lease cost |  | $ | 18,528 |  |  | $ | 19,287 |  |  | $ | 37,361 |  |  | $ | 38,095 |
As of September 30, 2024, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Finance Lease |  | Total
2025 (remaining six months ending March 31, 2025) |  | $ | 1,479 |  |  | $ | 48 |  |  | $ | 1,527 |
2026 |  | 2,783 |  |  | 96 |  |  | 2,879 |
2027 |  | 2,230 |  |  | 80 |  |  | 2,310 |
2028 |  | 1,749 |  |  | — |  |  | 1,749 |
2029 |  | 390 |  |  | — |  |  | 390 |
Thereafter |  | 1,662 |  |  | — |  |  | 1,662 |
Total undiscounted lease payments |  | 10,293 |  |  | 224 |  |  | 10,517 |
Less amount of lease payments representing interest |  | (1,216) |  |  | (7) |  |  | (1,223) |
Total present value of lease payments |  | $ | 9,077 |  |  | $ | 217 |  |  | $ | 9,294 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | September 30, 2024
Weighted average remaining lease term (years) |  |
| Operating leases |  | 4.65
| Finance leases |  | 2.34
Weighted average discount rate |  |
| Operating leases |  | 5.19 | %
| Finance leases |  | 2.63 | %
See Note 17. Subsequent Event for the details of amendments we entered into with our third-party logistics provider.
Leases | Leases We lease real estate and equipment for use in our operations. The components of lease expense for the six months ended September 30, 2024 and 2023 were as follows:
|  | Three Months Ended September 30, |  | Six Months Ended September 30,
(In thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 664 |  |  | $ | 664 |  |  | $ | 1,329 |  |  | $ | 1,329 |
Interest on lease liabilities |  | 3 |  |  | 24 |  |  | 12 |  |  | 54 |
Operating lease cost |  | 1,705 |  |  | 1,624 |  |  | 3,409 |  |  | 3,248 |
Short term lease cost |  | 31 |  |  | 34 |  |  | 63 |  |  | 67 |
Variable lease cost |  | 16,125 |  |  | 16,941 |  |  | 32,548 |  |  | 33,397 |
Total net lease cost |  | $ | 18,528 |  |  | $ | 19,287 |  |  | $ | 37,361 |  |  | $ | 38,095 |
As of September 30, 2024, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Finance Lease |  | Total
2025 (remaining six months ending March 31, 2025) |  | $ | 1,479 |  |  | $ | 48 |  |  | $ | 1,527 |
2026 |  | 2,783 |  |  | 96 |  |  | 2,879 |
2027 |  | 2,230 |  |  | 80 |  |  | 2,310 |
2028 |  | 1,749 |  |  | — |  |  | 1,749 |
2029 |  | 390 |  |  | — |  |  | 390 |
Thereafter |  | 1,662 |  |  | — |  |  | 1,662 |
Total undiscounted lease payments |  | 10,293 |  |  | 224 |  |  | 10,517 |
Less amount of lease payments representing interest |  | (1,216) |  |  | (7) |  |  | (1,223) |
Total present value of lease payments |  | $ | 9,077 |  |  | $ | 217 |  |  | $ | 9,294 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | September 30, 2024
Weighted average remaining lease term (years) |  |
| Operating leases |  | 4.65
| Finance leases |  | 2.34
Weighted average discount rate |  |
| Operating leases |  | 5.19 | %
| Finance leases |  | 2.63 | %
See Note 17. Subsequent Event for the details of amendments we entered into with our third-party logistics provider.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration