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Note 7 - Leases

12 Months Ended

Mar. 31, 2021

Note 7. Leases

We have operating leases for buildings and office equipment. The following table presents the lease balances within the Consolidated Balance Sheets related to our operating leases:

Lease Assets and Liabilities	*Balance Sheet Location*	*March 31, 2021*		*March 31, 2020*
Operating lease ROU asset	Other assets	$	1,801	$	2,480
Current operating lease liabilities	Other accrued expenses		1,023		1,095
Noncurrent operating lease liabilities	Other long-term liabilities		677		1,262

The components of lease costs, the weighted average remaining lease term and the weighted average discount rate were as follows:

	Year Ended March 31,
	2021			2020
Operating lease expense	$	1,130		$	987
Variable lease expense		272			68
Total lease expense	$	1,402		$	1,055
Weighted average remaining lease term in years		1.8			2.3
Weighted average discount rate		3.3	%		3.9	%

Supplemental cash flow information related to leases was as follows:

	Year Ended March 31,
	2021		2020
Cash paid for amounts included in the measurements of lease liabilities	$	1,192	$	914
Operating lease assets obtained in exchange for operating lease obligations		558		1,845

Maturities of lease liabilities are as follows as for the years ending March 31:

2022	$	1,055
2023		580
2024		96
2025		11
Future value of lease liabilities		1,742
Less: imputed interest		42
Present value of lease liabilities	$	1,700