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Leases | 12 Months Ended
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Mar. 31, 2026
Leases [Abstract] |
Leases | 6. Leases The majority of our leases are comprised of real estate leases for our respective offices around the globe. We have no residual value guarantees or restrictions or covenants imposed by or associated with our active leases. As of March 31, 2026, we have additional operating leases that have not yet commenced of approximately $1.4 million. These operating leases are expected to commence in fiscal year 2027 with initial lease terms of approximately 2 to 5 years. We do not have any related party leases. We have variable payments for expenses such as common area maintenance and taxes. We do not have variable payments that are based on an index or rate. As a result, we do not include variable payments in the calculation of the lease liability. Any variable costs are expensed as incurred. The components of lease expenses, which are included in operating expenses in our Consolidated Statements of Operations, were as follows:
|  | Year Ended March 31, |
(In thousands) |  | 2026 |  |  | 2025 |
Operating leases expense |  | $ | 5,375 |  |  | $ | 5,084 |
Variable lease costs |  |  | 529 |  |  |  | 413 |
Short term lease expense |  |  | 775 |  |  |  | 563 |
Total lease expense |  | $ | 6,679 |  |  | $ | 6,060 |
We had no finance leases during fiscal 2026 or 2025. Other information related to operating leases for fiscal 2026 and 2025 was as follows:
|  | Year Ended March 31, |
Supplemental cash flow information |  | 2026 |  |  | 2025 |
Cash paid for amounts included in the measurement of lease liabilities (in thousands) |  | $ | 5,654 |  |  | $ | 4,673 |
ROU assets obtained in exchange for lease obligations (in thousands) |  | $ | 1,195 |  |  | $ | 2,351 |
Weighted average remaining lease terms |  |  | 5.21 |  |  |  | 5.78 |
Weighted average discount rates |  |  | 7.04 | % |  |  | 6.91 | %
The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under non-cancelable leases with terms of more than one year to the total lease liabilities recognized on the Consolidated Balance Sheet as of March 31, 2026:
(In thousands) |  | Operating leases |
Fiscal year ending March 31, |  |  |
2027 |  | $ | 5,540 |
2028 |  |  | 5,023 |
2029 |  |  | 4,084 |
2030 |  |  | 1,954 |
2031 |  |  | 1,683 |
Thereafter |  |  | 4,304 |
Total undiscounted future minimum lease payments |  |  | 22,588 |
Less: difference between undiscounted lease payments and discounted lease liabilities |  |  | (3,544 | )
Total lease liabilities |  | $ | 19,044 |

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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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