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Leases (Tables)
6 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Components of Lease Expense
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)2024202320242023
Finance lease cost:
     Amortization of right-of-use assets$664 $664 $1,329 $1,329 
     Interest on lease liabilities24 12 54 
Operating lease cost1,705 1,624 3,409 3,248 
Short term lease cost31 34 63 67 
Variable lease cost16,125 16,941 32,548 33,397 
Total net lease cost$18,528 $19,287 $37,361 $38,095 
The weighted average remaining lease term and weighted average discount rate were as follows:
September 30, 2024
Weighted average remaining lease term (years)
Operating leases4.65
Finance leases2.34
Weighted average discount rate
Operating leases5.19 %
Finance leases2.63 %
Schedule of Maturities of Operating Leases
As of September 30, 2024, the maturities of lease liabilities were as follows:
(In thousands)
Year Ending March 31,Operating LeasesFinance
Lease
Total
2025 (remaining six months ending March 31, 2025)$1,479 $48 $1,527 
20262,783 96 2,879 
20272,230 80 2,310 
20281,749 — 1,749 
2029390 — 390 
Thereafter1,662 — 1,662 
Total undiscounted lease payments10,293 224 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 
Schedule of Maturities of Finance Leases
As of September 30, 2024, the maturities of lease liabilities were as follows:
(In thousands)
Year Ending March 31,Operating LeasesFinance
Lease
Total
2025 (remaining six months ending March 31, 2025)$1,479 $48 $1,527 
20262,783 96 2,879 
20272,230 80 2,310 
20281,749 — 1,749 
2029390 — 390 
Thereafter1,662 — 1,662 
Total undiscounted lease payments10,293 224 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