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Leases

12 Months Ended

Mar. 31, 2023

LeasesThe Company has entered into or assumed through acquisitions, various non-cancellable operating lease agreements primarily for office space. These lease agreements expire between fiscal years 2024 and 2029 and in certain cases, include one or more options to renew. The Company recognizes a right-of-use (“ROU”) asset and lease liability at the lease commencement date based on the estimated present value of lease payments over the lease term. Variable lease payments consisting of non-lease component and services are excluded from the ROU assets and lease liabilities and are recognized in the period in which the obligation is incurred.

Schedule, by fiscal year, of maturities of lease liabilities as of:


	March 31, 2023

Fiscal year 2024	$	3,958
Fiscal year 2025	2,120
Fiscal year 2026	1,641
Fiscal year 2027	1,319
Fiscal year 2028	868
Thereafter	651
Total undiscounted cash flows	10,557
(Less imputed interest)	(777)
Present value of lease liabilities	$	9,780

The current portion of the Company’s lease liabilities, payable within the next 12 months, is included in other current liabilities, and the long-term portion of the Company’s lease liabilities is included in other non-current liabilities on the consolidated balance sheets. The Company has recorded ROU assets associated with the above lease liabilities of $10,073 as of March 31, 2023.

The discount rates used to calculate imputed interest disclosed above range from 2.00% to 6.75% and the weighted-average remaining lease term is 3.92 years.