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Leases (Tables)
12 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Additional Lease Cost Information
Weighted-average remaining lease term and discount rate for the Company’s operating leases are as follows:
20232022
Weighted average term - operating lease liabilities2.87 years3.57 years
Weighted average incremental borrowing rate - operating lease liabilities12 %13 %
Lease Cost
For the years ended March 31, 2023, 2022 and 2021, the following table presents net lease cost (in thousands):
202320222021
Lease cost
Operating lease cost (cost resulting from lease payments)$1,817 $1,950 $2,451 
Short term lease cost16 110 
Sublease income— — (6)
Net lease cost$1,824 $1,966 $2,555 
Supplemental Lease Information For the years ended March 31, 2023, 2022 and 2021, the following table presents other supplemental cash flow lease information (in thousands):
202320222021
Cash paid activity:  
Operating lease - operating cash flows (fixed payments)$2,217 $2,286 $2,746 
Operating lease - operating cash flows (liability reduction)$1,042 $1,382 $1,674 
Non-cash activity:
Right of use assets obtained in exchange for new operating lease liabilities$165 $116 $230 
The following table presents supplemental balance sheet information as of March 31, 2023 and 2022 (in thousands):
20232022
Non-current assets - right of use assets, net$3,371 $4,047 
Current liabilities - operating lease liabilities$1,725 $1,512 
Non-current liabilities - operating lease liabilities$2,922 $4,177 
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, 2023 are as follows (in thousands):
Fiscal YearOperating
Leases
2024$2,161 
20251,701 
2026943 
2027521 
2028156 
After 202720 
Total future minimum lease payments5,502 
Amount representing interest(855)
Present value of net future minimum lease payments$4,647