XML 47 R30.htm IDEA: XBRL DOCUMENT v3.22.1
Leases (Tables)
12 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Additional Lease Cost Information
Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows:
20222021
Weighted average term - operating lease liabilities3.57 years4.40 years
Weighted average incremental borrowing rate - operating lease liabilities13 %13 %
Lease Cost
For the years ended March 31, 2022, 2021 and 2020, the following table presents net lease cost (in thousands):
202220212020
Lease cost
Operating lease cost (cost resulting from lease payments)$1,950 $2,451 $2,614 
Short term lease cost16 110 52 
Sublease income— (6)(16)
Net lease cost$1,966 $2,555 $2,650 
Supplemental Lease Information For the years ended March 31, 2022, 2021 and 2020, the following table presents other supplemental cash flow lease information (in thousands):
202220212020
Cash paid activity:  
Operating lease - operating cash flows (fixed payments)$2,286 $2,746 $2,743 
Operating lease - operating cash flows (liability reduction)$1,382 $1,674 $1,447 
Non-cash activity:
Right of use assets obtained in exchange for new operating lease liabilities$116 $230 $7,904 
The following table presents supplemental balance sheet information as of March 31, 2022 and March 31, 2021 (in thousands):
20222021
Non-current assets - right of use assets, net$4,047 $5,100 
Current liabilities - operating lease liabilities$1,512 $1,470 
Non-current liabilities - operating lease liabilities$4,177 $5,601 
Future Minimum Payments
Future minimum payments under non-cancelable leases for office and tower spaces (exclusive of real estate tax, utilities, maintenance and other costs borne by the Company) for the remaining terms of the leases following the year ended March 31, 2022 are as follows (in thousands):
Fiscal YearOperating
Leases
2023$2,144 
20241,987 
20251,555 
2026866 
2027461 
After 2027135 
Total future minimum lease payments7,148 
Amount representing interest(1,459)
Present value of net future minimum lease payments$5,689