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Leases | 12 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Leases | Leases The components of lease expense for the years ended March 31, 2025 and 2024 were as follows:
| March 31,
(In thousands) | 2025 |  | 2024
Finance lease cost: |  |  |
Amortization of right-of-use assets | $ | 2,230 |  |  | $ | 2,658 |
Interest on lease liabilities | 375 |  |  | 88 |
Operating lease cost | 7,332 |  |  | 6,564 |
Short term lease cost | 139 |  |  | 132 |
Variable lease cost | 55,399 |  |  | 61,069 |
Total net lease cost | $ | 65,475 |  |  | $ | 70,511 |
As of March 31, 2025, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Financing Leases |  | Total
2026 |  | $ | 7,595 |  |  | $ | 3,875 |  |  | $ | 11,470 |
2027 |  | 7,239 |  |  | 3,875 |  |  | 11,114 |
2028 |  | 6,837 |  |  | 3,875 |  |  | 10,712 |
2029 |  | 5,556 |  |  | 3,869 |  |  | 9,425 |
2030 |  | 5,169 |  |  | 3,366 |  |  | 8,535 |
Thereafter |  | 1,147 |  |  | 10,658 |  |  | 11,805 |
Total undiscounted lease payments |  | 33,543 |  |  | 29,518 |  |  | 63,061 |
Less amount of lease payments representing interest |  | (4,764) |  |  | (6,404) |  |  | (11,168) |
Total present value of lease payments |  | $ | 28,779 |  |  | $ | 23,114 |  |  | $ | 51,893 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | March 31, 2025
Weighted average remaining lease term (years) |  |
| Operating leases |  | 4.76
| Financing leases |  | 8.09
Weighted average discount rate |  |
| Operating leases |  | 6.55 | %
| Financing leases |  | 6.33 | %
On October 1, 2024, we entered into Amendments 3 and 4 extending the Master Logistics Services Agreement with GEODIS Logistics LLC ("GEODIS") as our third-party logistics provider. Under this agreement, we have extended our May 2019 agreement that authorized GEODIS to lease a facility and equipment for an additional 65 month term. The lease and non-lease components were recorded in our fiscal 2025 financial statements. The ROU asset and operating lease liability at lease commencement was $23.0 million. The GEODIS amendments also included a new finance lease and the renewal of previous finance leases for assets purchased by GEODIS for our use under the Master Logistics Agreement. The ROU asset and finance lease liability at lease commencement was $4.7 million.
Leases | Leases The components of lease expense for the years ended March 31, 2025 and 2024 were as follows:
| March 31,
(In thousands) | 2025 |  | 2024
Finance lease cost: |  |  |
Amortization of right-of-use assets | $ | 2,230 |  |  | $ | 2,658 |
Interest on lease liabilities | 375 |  |  | 88 |
Operating lease cost | 7,332 |  |  | 6,564 |
Short term lease cost | 139 |  |  | 132 |
Variable lease cost | 55,399 |  |  | 61,069 |
Total net lease cost | $ | 65,475 |  |  | $ | 70,511 |
As of March 31, 2025, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Financing Leases |  | Total
2026 |  | $ | 7,595 |  |  | $ | 3,875 |  |  | $ | 11,470 |
2027 |  | 7,239 |  |  | 3,875 |  |  | 11,114 |
2028 |  | 6,837 |  |  | 3,875 |  |  | 10,712 |
2029 |  | 5,556 |  |  | 3,869 |  |  | 9,425 |
2030 |  | 5,169 |  |  | 3,366 |  |  | 8,535 |
Thereafter |  | 1,147 |  |  | 10,658 |  |  | 11,805 |
Total undiscounted lease payments |  | 33,543 |  |  | 29,518 |  |  | 63,061 |
Less amount of lease payments representing interest |  | (4,764) |  |  | (6,404) |  |  | (11,168) |
Total present value of lease payments |  | $ | 28,779 |  |  | $ | 23,114 |  |  | $ | 51,893 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | March 31, 2025
Weighted average remaining lease term (years) |  |
| Operating leases |  | 4.76
| Financing leases |  | 8.09
Weighted average discount rate |  |
| Operating leases |  | 6.55 | %
| Financing leases |  | 6.33 | %
On October 1, 2024, we entered into Amendments 3 and 4 extending the Master Logistics Services Agreement with GEODIS Logistics LLC ("GEODIS") as our third-party logistics provider. Under this agreement, we have extended our May 2019 agreement that authorized GEODIS to lease a facility and equipment for an additional 65 month term. The lease and non-lease components were recorded in our fiscal 2025 financial statements. The ROU asset and operating lease liability at lease commencement was $23.0 million. The GEODIS amendments also included a new finance lease and the renewal of previous finance leases for assets purchased by GEODIS for our use under the Master Logistics Agreement. The ROU asset and finance lease liability at lease commencement was $4.7 million.

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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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