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Leases | 6 Months Ended
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Sep. 30, 2025
Leases [Abstract] |
Leases | Leases We lease real estate and equipment for use in our operations. The components of lease expense for the six months ended September 30, 2025 and 2024 were as follows:
|  | Three Months Ended September 30, |  | Six Months Ended September 30,
(In thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 820 |  |  | $ | 664 |  |  | $ | 1,640 |  |  | $ | 1,329 |
Interest on lease liabilities |  | 355 |  |  | 3 |  |  | 715 |  |  | 12 |
Operating lease cost |  | 1,940 |  |  | 1,705 |  |  | 3,878 |  |  | 3,409 |
Short term lease cost |  | 35 |  |  | 31 |  |  | 69 |  |  | 63 |
Variable lease cost |  | 4,588 |  |  | 16,125 |  |  | 9,414 |  |  | 32,548 |
Total net lease cost |  | $ | 7,738 |  |  | $ | 18,528 |  |  | $ | 15,716 |  |  | $ | 37,361 |
As of September 30, 2025, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Finance Lease |  | Total
2026 (remaining six months ending March 31, 2026) |  | $ | 3,797 |  |  | $ | 1,938 |  |  | $ | 5,735 |
2027 |  | 7,270 |  |  | 3,875 |  |  | 11,145 |
2028 |  | 6,868 |  |  | 3,875 |  |  | 10,743 |
2029 |  | 5,578 |  |  | 3,869 |  |  | 9,447 |
2030 |  | 5,180 |  |  | 3,366 |  |  | 8,546 |
Thereafter |  | 1,219 |  |  | 10,657 |  |  | 11,876 |
Total undiscounted lease payments |  | 29,912 |  |  | 27,580 |  |  | 57,492 |
Less amount of lease payments representing interest |  | (3,925) |  |  | (5,689) |  |  | (9,614) |
Total present value of lease payments |  | $ | 25,987 |  |  | $ | 21,891 |  |  | $ | 47,878 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | September 30, 2025
Weighted average remaining lease term (years) |  |
| Operating leases |  | 4.36
| Finance leases |  | 7.63
Weighted average discount rate |  |
| Operating leases |  | 6.59 | %
| Finance leases |  | 6.32 | %
Leases | Leases We lease real estate and equipment for use in our operations. The components of lease expense for the six months ended September 30, 2025 and 2024 were as follows:
|  | Three Months Ended September 30, |  | Six Months Ended September 30,
(In thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 820 |  |  | $ | 664 |  |  | $ | 1,640 |  |  | $ | 1,329 |
Interest on lease liabilities |  | 355 |  |  | 3 |  |  | 715 |  |  | 12 |
Operating lease cost |  | 1,940 |  |  | 1,705 |  |  | 3,878 |  |  | 3,409 |
Short term lease cost |  | 35 |  |  | 31 |  |  | 69 |  |  | 63 |
Variable lease cost |  | 4,588 |  |  | 16,125 |  |  | 9,414 |  |  | 32,548 |
Total net lease cost |  | $ | 7,738 |  |  | $ | 18,528 |  |  | $ | 15,716 |  |  | $ | 37,361 |
As of September 30, 2025, the maturities of lease liabilities were as follows:
(In thousands) |  |  |  |  |  |
Year Ending March 31, |  | Operating Leases |  | Finance Lease |  | Total
2026 (remaining six months ending March 31, 2026) |  | $ | 3,797 |  |  | $ | 1,938 |  |  | $ | 5,735 |
2027 |  | 7,270 |  |  | 3,875 |  |  | 11,145 |
2028 |  | 6,868 |  |  | 3,875 |  |  | 10,743 |
2029 |  | 5,578 |  |  | 3,869 |  |  | 9,447 |
2030 |  | 5,180 |  |  | 3,366 |  |  | 8,546 |
Thereafter |  | 1,219 |  |  | 10,657 |  |  | 11,876 |
Total undiscounted lease payments |  | 29,912 |  |  | 27,580 |  |  | 57,492 |
Less amount of lease payments representing interest |  | (3,925) |  |  | (5,689) |  |  | (9,614) |
Total present value of lease payments |  | $ | 25,987 |  |  | $ | 21,891 |  |  | $ | 47,878 |
The weighted average remaining lease term and weighted average discount rate were as follows:
|  |  | September 30, 2025
Weighted average remaining lease term (years) |  |
| Operating leases |  | 4.36
| Finance leases |  | 7.63
Weighted average discount rate |  |
| Operating leases |  | 6.59 | %
| 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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