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v3.25.2

Leases | 3 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Leases | Leases We lease real estate and equipment for use in our operations. The components of lease expense for the three months ended June 30, 2025 and 2024 were as follows:
|  |  |  | Three Months Ended June 30,
(In thousands) |  |  |  |  |  | 2025 |  | 2024
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  |  |  |  | $ | 820 |  |  | $ | 665 |
Interest on lease liabilities |  |  |  |  |  | 360 |  |  | 9 |
Operating lease cost |  |  |  |  |  | 1,938 |  |  | 1,704 |
Short term lease cost |  |  |  |  |  | 34 |  |  | 32 |
Variable lease cost |  |  |  |  |  | 4,826 |  |  | 16,423 |
Total net lease cost |  |  |  |  |  | $ | 7,978 |  |  | $ | 18,833 |
As of June 30, 2025, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Finance Lease |  | Total
2026 (remaining nine months ending March 31, 2026) |  | $ | 5,722 |  |  | $ | 2,907 |  |  | $ | 8,629 |
2027 |  | 7,270 |  |  | 3,875 |  |  | 11,145 |
2028 |  | 6,867 |  |  | 3,875 |  |  | 10,742 |
2029 |  | 5,577 |  |  | 3,869 |  |  | 9,446 |
2030 |  | 5,179 |  |  | 3,366 |  |  | 8,545 |
Thereafter |  | 1,212 |  |  | 10,657 |  |  | 11,869 |
Total undiscounted lease payments |  | 31,827 |  |  | 28,549 |  |  | 60,376 |
Less amount of lease payments representing interest |  | (4,358) |  |  | (6,043) |  |  | (10,401) |
Total present value of lease payments |  | $ | 27,469 |  |  | $ | 22,506 |  |  | $ | 49,975 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | June 30, 2025
Weighted average remaining lease term (years) |  |
| Operating leases |  | 4.55
| Finance leases |  | 7.87
Weighted average discount rate |  |
| Operating leases |  | 6.57 | %
| Finance leases |  | 6.32 | %
Leases | Leases We lease real estate and equipment for use in our operations. The components of lease expense for the three months ended June 30, 2025 and 2024 were as follows:
|  |  |  | Three Months Ended June 30,
(In thousands) |  |  |  |  |  | 2025 |  | 2024
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  |  |  |  | $ | 820 |  |  | $ | 665 |
Interest on lease liabilities |  |  |  |  |  | 360 |  |  | 9 |
Operating lease cost |  |  |  |  |  | 1,938 |  |  | 1,704 |
Short term lease cost |  |  |  |  |  | 34 |  |  | 32 |
Variable lease cost |  |  |  |  |  | 4,826 |  |  | 16,423 |
Total net lease cost |  |  |  |  |  | $ | 7,978 |  |  | $ | 18,833 |
As of June 30, 2025, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Finance Lease |  | Total
2026 (remaining nine months ending March 31, 2026) |  | $ | 5,722 |  |  | $ | 2,907 |  |  | $ | 8,629 |
2027 |  | 7,270 |  |  | 3,875 |  |  | 11,145 |
2028 |  | 6,867 |  |  | 3,875 |  |  | 10,742 |
2029 |  | 5,577 |  |  | 3,869 |  |  | 9,446 |
2030 |  | 5,179 |  |  | 3,366 |  |  | 8,545 |
Thereafter |  | 1,212 |  |  | 10,657 |  |  | 11,869 |
Total undiscounted lease payments |  | 31,827 |  |  | 28,549 |  |  | 60,376 |
Less amount of lease payments representing interest |  | (4,358) |  |  | (6,043) |  |  | (10,401) |
Total present value of lease payments |  | $ | 27,469 |  |  | $ | 22,506 |  |  | $ | 49,975 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | June 30, 2025
Weighted average remaining lease term (years) |  |
| Operating leases |  | 4.55
| Finance leases |  | 7.87
Weighted average discount rate |  |
| Operating leases |  | 6.57 | %
| Finance leases |  | 6.32 | %

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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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