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Leases (Tables) | 9 Months Ended
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Dec. 31, 2019
Operating Leased Assets [Line Items] |
Lease, Cost [Table Text Block] | The following table presents the weighted average remaining lease term and discount rate:
| December 31, 2019
Weighted-average remaining lease term (in years) | 7.05 |
Weighted-average discount rate | 4.13 | %
Amounts recognized on the financial statements The following table illustrates the balance sheet classification for ROU assets and lease liabilities as of December 31, 2019 (in thousands):
| Balance sheet classification | December 31, 2019
Assets | Other assets | $ | 37,729 |
Current | Accrued liabilities | 7,098 |
Non-current | Other non current liabilities | 30,823 |
Total liabilities |  | $ | 37,921 |
Lessee, Operating Leases [Text Block] | 15. Leases Transition In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)" ("ASC 842"). ASC 842 requires the recognition of lease right-of-use ("ROU") assets and lease liabilities by lessees for those leases classified as operating leases and additional disclosures regarding the nature of the Company's leases, significant judgments made, and amounts recognized in the financial statements relating to those leases. The Company adopted this standard effective April 1, 2019 under the modified retrospective method whereas comparative period information is not restated. In addition, the Company elected the package of practical expedients which permits the Company to not reassess whether existing contracts are or contain leases, to not reassess the lease classification of any existing leases, and to not reassess initial direct costs for any existing leases. The Company also elected the practical expedient to not separate lease and non-lease components for all classes of underlying assets and made an accounting policy election to not record leases with an initial term of twelve months or less on the balance sheet for all classes of underlying assets. As a result of the adoption of ASC 842, the Company recognized an initial operating lease ROU assets of $35,553,000 on April 1, 2019 with a corresponding lease liability of the same amount. The standard did not materially impact the Company's Condensed Consolidated Statement of Operations or the Condensed Consolidated Statements of Cash Flows for the nine months ending December 31, 2019. Nature of leases The Company's leases are classified as operating leases and consist of manufacturing facilities, sales offices, distribution centers, warehouses, vehicles, and equipment. For leases with terms greater than twelve months, at lease commencement the Company recognizes a ROU asset and a lease liability. The initial lease liability is recognized at the present value of remaining lease payments over the lease term. Leases with an initial term of twelve months or less are not recorded on the Company's Condensed Consolidated Balance Sheet. The Company recognizes lease expense for operating leases on a straight-line basis over the lease term. Additionally, because the Company has elected to not separate lease and non-lease components, variable costs also include payments to the landlord for common area maintenance, real estate taxes, insurance, and other operating expenses. The Company's leases have lease terms ranging from 1 to 15 years, some of which include options to extend or terminate the lease. The exercise of lease renewal options is at the Company’s sole discretion. When deemed reasonably certain of exercise, the renewal options are included in the determination of the lease term. The Company’s lease agreements do not contain material residual value guarantees or any material restrictive covenants. As of December 31, 2019, the Company does not have any significant additional operating leases that have not yet commenced. Significant assumptions or judgments The discount rate implicit within each lease is generally not readily determinable, therefore, the Company uses its estimated incremental borrowing rate in determining the present value of lease payments. The incremental borrowing rate is determined based on the Company’s recent debt issuances, lease term, and the currency in which lease payments are made. The following table presents the weighted average remaining lease term and discount rate:
| December 31, 2019
Weighted-average remaining lease term (in years) | 7.05 |
Weighted-average discount rate | 4.13 | %
Amounts recognized on the financial statements The following table illustrates the balance sheet classification for ROU assets and lease liabilities as of December 31, 2019 (in thousands):
| Balance sheet classification | December 31, 2019
Assets | Other assets | $ | 37,729 |
Current | Accrued liabilities | 7,098 |
Non-current | Other non current liabilities | 30,823 |
Total liabilities |  | $ | 37,921 |
Operating lease expense of $2,299,000 and $6,833,000 for the three and nine months ending December 31, 2019 is included in income from operations on the Condensed Consolidated Statements of Operations. Short-term lease expense, sublease income, and variable lease expenses are not material for the three and nine months ending December 31, 2019. Other lease disclosures At December 31, 2019, the maturities of operating lease liabilities were as follows (in thousands):
Year: | December 31, 2019
Remainder of 2020 | $ | 2,242 |
2021 | 8,097 |
2022 | 6,705 |
2023 | 6,031 |
2024 | 4,687 |
Thereafter | 16,498 |
Total undiscounted lease payments | $ | 44,260 |
Less: imputed interest | $ | 6,339 |
Present value of lease liabilities | $ | 37,921 |
Supplemental cash flow information related to operating leases is as follows (in thousands):
| Nine months ended December 31, 2019
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 6,636 |
ROU assets obtained in exchange for new operating lease liabilities | $ | 7,808 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] |
Year: | December 31, 2019
Remainder of 2020 | $ | 2,242 |
2021 | 8,097 |
2022 | 6,705 |
2023 | 6,031 |
2024 | 4,687 |
Thereafter | 16,498 |
Total undiscounted lease payments | $ | 44,260 |
Less: imputed interest | $ | 6,339 |
Present value of lease liabilities | $ | 37,921 |
Lessee, Operating Lease, Disclosure [Table Text Block] | Supplemental cash flow information related to operating leases is as follows (in thousands):
| Nine months ended December 31, 2019
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 6,636 |
ROU assets obtained in exchange for new operating lease liabilities | $ | 7,808 |

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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 http://asc.fasb.org/extlink&oid=77888426&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 http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 1,3) -URI http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41499-112717 Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118943654&loc=d3e12069-110248 Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84164451&loc=d3e36991-112694 + Details
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