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Leases (Tables)

3 Months Ended

Jun. 30, 2020

Leases [Abstract]

Balance Sheet Information for Leases

Balance sheet information for leases is as follows:

			June 30, 2020				March 31, 2020
Leases	Classification
Assets:
Operating	Operating lease assets		$	68,729,000			$	53,029,000
Finance	Plant and equipment			7,504,000				6,922,000
Total leased assets			$	76,233,000			$	59,951,000

Liabilities:
Current
Operating	Operating lease liabilities		$	6,249,000			$	5,104,000
Finance	Other current liabilities			2,289,000				2,059,000
Long-term
Operating	Long-term operating lease liabilities			74,426,000				61,425,000
Finance	Other liabilities			4,556,000				3,905,000
Total lease liabilities			$	87,520,000			$	72,493,000

Lease Cost Recognized in Consolidated Statements of Operations

Lease cost recognized in the condensed consolidated statements of operations is as follows:

		Three Months Ended June 30,
		2020				2019
Lease cost
Operating lease cost		$	2,683,000			$	1,898,000
Short-term lease cost			317,000				403,000
Variable lease cost			143,000				130,000
Finance lease cost:
Amortization of finance lease assets			413,000				358,000
Interest on finance lease liabilities			83,000				68,000
Total lease cost		$	3,639,000			$	2,857,000

Maturity of Lease Commitments

Maturities of lease commitments at June 30, 2020 were as follows:

Maturity of lease liabilities		Operating Leases				Finance Leases				Total
2021- remaining nine months		$	8,237,000			$	1,981,000			$	10,218,000
2022			10,312,000				2,338,000				12,650,000
2023			9,237,000				1,701,000				10,938,000
2024			8,097,000				927,000				9,024,000
2025			8,095,000				528,000				8,623,000
Thereafter			69,261,000				49,000				69,310,000
Total lease payments			113,239,000				7,524,000				120,763,000
Less amount representing interest			(32,564,000	)			(679,000	)			(33,243,000	)
Present value of lease liabilities		$	80,675,000			$	6,845,000			$	87,520,000

Other Information about Leases

Other information about leases is as follows:

		Three Months Ended June 30,
		2020				2019
Lease term and discount rate
Weighted-average remaining lease term (years):
Finance leases			3.4				3.1
Operating leases			11.7				12.4
Weighted-average discount rate:
Finance leases			5.6	%			5.0	%
Operating leases			5.9	%			5.6	%