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Leases

12 Months Ended

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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- References

No definition available.

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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

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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

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