XML 54 R39.htm IDEA: XBRL DOCUMENT v3.25.1
Leases (Tables)
12 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense
The components of lease expense for the years ended March 31, 2025 and 2024 were as follows:
March 31,
(In thousands)20252024
Finance lease cost:
     Amortization of right-of-use assets$2,230 $2,658 
     Interest on lease liabilities375 88 
Operating lease cost7,332 6,564 
Short term lease cost139 132 
Variable lease cost55,399 61,069 
Total net lease cost$65,475 $70,511 
The weighted average remaining lease term and weighted average discount rate were as follows:
March 31, 2025
Weighted average remaining lease term (years)
Operating leases4.76
Financing leases8.09
Weighted average discount rate
Operating leases6.55 %
Financing leases6.33 %
Schedule of Maturities of Operating Leases
As of March 31, 2025, the maturities of lease liabilities were as follows:
(In thousands)
Year Ending March 31,Operating LeasesFinancing LeasesTotal
2026$7,595 $3,875 $11,470 
20277,239 3,875 11,114 
20286,837 3,875 10,712 
20295,556 3,869 9,425 
20305,169 3,366 8,535 
Thereafter1,147 10,658 11,805 
Total undiscounted lease payments33,543 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 
Schedule of Maturities of Finance Leases
As of March 31, 2025, the maturities of lease liabilities were as follows:
(In thousands)
Year Ending March 31,Operating LeasesFinancing LeasesTotal
2026$7,595 $3,875 $11,470 
20277,239 3,875 11,114 
20286,837 3,875 10,712 
20295,556 3,869 9,425 
20305,169 3,366 8,535 
Thereafter1,147 10,658 11,805 
Total undiscounted lease payments33,543 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