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LEASES:
 12 Months Ended
Mar. 31, 2021
Leases [Abstract]  
LEASES: LEASES:
Right-of-use asset and lease liability balances consist of the following (dollars in millions):
March 31, 2021March 31, 2020
Right-of-use assets included in other assets, net$11.7 $17.8 
Short-term lease liabilities included in other accrued expenses$9.6 $9.6 
Long-term lease liabilities included in other liabilities$4.2 $11.4 

The Company leases its office facilities under non-cancellable operating leases that expire at various dates through fiscal 2025. Certain leases contain provisions for property-related costs that are variable in nature for which the Company is responsible, including common area maintenance and other property operating services. These costs are calculated based on a variety of factors including property values, tax and utility rates, property service fees, and other factors. Operating lease costs were $11.6 million and $10.1 million for the twelve months ended March 31, 2021 and 2020, respectively. Rent expense recorded prior to the adoption of Topic 842 lease guidance was $12.8 million for the fiscal year ended March 31, 2019.

Future minimum payments under all operating leases (including operating leases with a duration of one year or less) as of March 31, 2021 are as follows (dollars in thousands):  
Amount
Fiscal 2022$9,960 
Fiscal 20233,304 
Fiscal 20241,198 
Fiscal 202569 
Total undiscounted lease commitments14,531 
Less: Interest and short-term leases766 
Total discounted operating lease liabilities$13,765 

Future minimum payments as of March 31, 2021 related to restructuring plans as a result of the Company's exit from certain leased office facilities (see Note 4) are as follows (dollars in thousands): Fiscal 2022: $2,611; Fiscal 2023: $2,663; Fiscal 2024: $2,698; Fiscal 2025: $2,698; and Fiscal 2026: $1,799.