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Leases (Tables)

9 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Components of Lease Expense

The components of lease expense for the three and nine months ended December 31, 2024 and 2023 were as follows:

						Three Months Ended December 31,												Nine Months Ended December 31,
(In thousands)						2024						2023						2024						2023
Finance lease cost:
Amortization of right-of-use assets						$	240					$	665					$	1,569					$	1,994
Interest on lease liabilities						82						20						94						74
Operating lease cost						1,986						1,624						5,395						4,872
Short term lease cost						38						34						101						101
Variable lease cost						15,120						14,488						47,668						47,885
Total net lease cost						$	17,466					$	16,831					$	54,827					$	54,926

The weighted average remaining lease term and weighted average discount rate were as follows:

									December 31, 2024
Weighted average remaining lease term (years)
			Operating leases						4.97
			Finance leases						4.88
Weighted average discount rate
			Operating leases						6.53		%
			Finance leases						6.93		%

Schedule of Maturities of Operating Leases

As of December 31, 2024, the maturities of lease liabilities were as follows:

(In thousands)
Year Ending March 31,						Operating Leases						Finance Lease						Total
2025 (remaining three months ending March 31, 2025)						$	1,909					$	303					$	2,212
2026						7,592						1,211						8,803
2027						7,237						1,211						8,448
2028						6,835						1,211						8,046
2029						5,554						1,205						6,759
Thereafter						6,300						701						7,001
Total undiscounted lease payments						35,427						5,842						41,269
Less amount of lease payments representing interest						(5,241)						(865)						(6,106)
Total present value of lease payments						$	30,186					$	4,977					$	35,163

Schedule of Maturities of Finance Leases

As of December 31, 2024, the maturities of lease liabilities were as follows:

(In thousands)
Year Ending March 31,						Operating Leases						Finance Lease						Total
2025 (remaining three months ending March 31, 2025)						$	1,909					$	303					$	2,212
2026						7,592						1,211						8,803
2027						7,237						1,211						8,448
2028						6,835						1,211						8,046
2029						5,554						1,205						6,759
Thereafter						6,300						701						7,001
Total undiscounted lease payments						35,427						5,842						41,269
Less amount of lease payments representing interest						(5,241)						(865)						(6,106)
Total present value of lease payments						$	30,186					$	4,977					$	35,163

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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