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LEASES (Tables) | 3 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Lease, Cost | The following table reports information about the Company's lease cost for the three months ended June 30, 2022 and 2021:
|  |  |  | Three months ended June 30,
|  |  |  |  |  | 2022 |  | 2021
Lease Cost |  |  |  |  |  |  |  |
Finance lease cost |  |  |  |  |  | $ | 103,302 |  |  | $ | 110,429 |
Amortization of right-of-use assets |  |  |  |  |  | 102,278 |  |  | 101,906 |
Interest on lease liabilities |  |  |  |  |  | 1,024 |  |  | 8,523 |
Operating lease cost |  |  |  |  |  | $ | 6,662,311 |  |  | $ | 6,824,446 |
Variable lease cost |  |  |  |  |  | 931,084 |  |  | 932,363 |
Total lease cost |  |  |  |  |  | $ | 7,696,697 |  |  | $ | 7,867,238 |
The following table reports other information about the Company's leases for the three months ended June 30, 2022 and 2021:
|  | Three months ended June 30, |  |
|  | 2022 |  | 2021 |  |  |  |
Other Lease Information |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 6,724,592 |  |  | $ | 6,974,357 |  |  |  |  |
Operating cash flows from finance leases |  | 1,024 |  |  | 8,523 |  |  |  |  |
Operating cash flows from operating leases |  | 6,689,425 |  |  | 6,811,215 |  |  |  |  |
Financing cash flows from finance leases |  | 34,143 |  |  | 154,619 |  |  |  |  |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | $ | — |  |  | $ | — |  |  |  |  |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 5,352,690 |  |  | $ | 3,455,876 |  |  |  |  |
Weighted-average remaining lease term — finance leases |  | 0.4 years |  | 0.7 years |  |  |  |
Weighted average remaining lease term — operating leases |  | 7.2 years |  | 7.2 years |  |  |  |
Weighted-average discount rate (monthly) — finance leases |  | 6.0 | % |  | 6.4 | % |  |  |  |
Weighted-average discount rate — operating leases |  | 6.1 | % |  | 6.2 | % |  |  |  |
Operating Lease Maturity | The aggregate annual lease obligations as of June 30, 2022, are as follows:
|  |  | Operating | Finance |  |
Remainder of 2023 |  |  | $ | 18,465,836 |  | $ | 45,924 |  |  |
2024 |  |  | 21,227,434 |  | — |  |  |
2025 |  |  | 16,594,152 |  | — |  |  |
2026 |  |  | 13,076,778 |  | — |  |  |
2027 |  |  | 8,719,947 |  | — |  |  |
Thereafter |  |  | 32,314,165 |  | — |  |  |
Total undiscounted lease liability |  |  | $ | 110,398,312 |  | $ | 45,924 |  |  |
Imputed interest |  |  | 22,094,574 |  | — |  |  |
Total discounted lease liability |  |  | $ | 88,303,738 |  | $ | 45,924 |  |  |
Finance Lease Maturity | The aggregate annual lease obligations as of June 30, 2022, are as follows:
|  |  | Operating | Finance |  |
Remainder of 2023 |  |  | $ | 18,465,836 |  | $ | 45,924 |  |  |
2024 |  |  | 21,227,434 |  | — |  |  |
2025 |  |  | 16,594,152 |  | — |  |  |
2026 |  |  | 13,076,778 |  | — |  |  |
2027 |  |  | 8,719,947 |  | — |  |  |
Thereafter |  |  | 32,314,165 |  | — |  |  |
Total undiscounted lease liability |  |  | $ | 110,398,312 |  | $ | 45,924 |  |  |
Imputed interest |  |  | 22,094,574 |  | — |  |  |
Total discounted lease liability |  |  | $ | 88,303,738 |  | $ | 45,924 |  |  |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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