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Note 7 - Leases | 12 Months Ended
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Mar. 31, 2020
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | Note 7. Leases As of March 31, 2020, we have operating leases for buildings, warehouses, and office equipment. Our operating lease right of use ("ROU") assets and liabilities increased significantly during the year ended March 31, 2020 because of the GPT Acquisition described in Note 4. "Significant Transactions." We accounted for the four property leases acquired as part of our acquisition of GPT by measuring the lease liability at the present value of the remaining lease payments as if the acquired lease were a new lease for Mesa. The following table presents the lease balances within the Consolidated Balance Sheets related to our operating leases as of March 31, 2020:
Lease Assets and Liabilities | Balance Sheet Location |  | March 31, 2020 |
Operating lease ROU asset | Other assets |  | $ | 2,480 |
Current operating lease liabilities | Other accrued expenses |  |  | 1,095 |
Noncurrent operating lease liabilities | Other long-term liabilities |  |  | 1,262 |
Lease term and discount rates were as follows as of March 31, 2020:
|  | March 31, 2020 |
Weighted average remaining lease term in years |  |  | 2.3 |
Weighted average discount rate |  |  | 3.9 | %
The components of lease costs were as follows:
|  | Year Ended March 31, 2020 |
Operating lease expense |  | $ | 987 |
Variable lease expense |  |  | 68 |
Total lease expense |  | $ | 1,055 |
Supplemental cash flow information related to leases were as follows:
|  | Year Ended March 31, 2020 |
Cash paid for amounts included in the measurements of lease liabilities |  | $ | 914 |
Operating lease assets obtained in exchange for operating lease obligations |  |  | 1,845
Maturities of lease liabilities were as follows as of March 31, 2020:
2021 |  | $ | 1,205 |
2022 |  |  | 854 |
2023 |  |  | 416 |
Future value of lease liabilities |  |  | 2,475 |
Less: imputed interest |  |  | 118 |
Present value of lease liabilities |  | $ | 2,357 |

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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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