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Leases (Tables) | 9 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Balance Sheet Information for Leases | Balance sheet information for leases is as follows:
Leases |  | Classification |  | December 31, 2021 |  |  | March 31, 2021 |
Assets: |  |  |  |  |  |  |  |
Operating |  | Operating lease assets |  | $ | 82,029,000 |  |  | $ | 71,513,000 |
Finance |  | Plant and equipment |  |  | 7,745,000 |  |  |  | 8,852,000 |
Total leased assets |  |  |  | $ | 89,774,000 |  |  | $ | 80,365,000 |
Liabilities: |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |
Operating |  | Operating lease liabilities |  | $ | 6,444,000 |  |  | $ | 6,439,000 |
Finance |  | Other current liabilities |  |  | 2,420,000 |  |  |  | 2,640,000 |
Long-term |  |  |  |  |  |  |  |  |  |
Operating |  | Long-term operating lease liabilities |  |  | 82,287,000 |  |  |  | 70,551,000 |
Finance |  | Other liabilities |  |  | 3,741,000 |  |  |  | 4,995,000 |
Total lease liabilities |  |  |  | $ | 94,892,000 |  |  | $ | 84,625,000 |
Lease Cost Recognized in Consolidated Statements of Income | Lease cost recognized in the condensed consolidated statements of income is as follows:
|  | Three Months Ended December 31, |  |  | Nine Months Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Lease cost |  |  |  |  |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 3,134,000 |  |  | $ | 2,962,000 |  |  | $ | 9,325,000 |  |  | $ | 8,522,000 |
Short-term lease cost |  |  | 361,000 |  |  |  | 373,000 |  |  |  | 1,112,000 |  |  |  | 1,027,000 |
Variable lease cost |  |  | 225,000 |  |  |  | 183,000 |  |  |  | 716,000 |  |  |  | 556,000 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of finance lease assets |  |  | 515,000 |  |  |  | 458,000 |  |  |  | 1,579,000 |  |  |  | 1,299,000 |
Interest on finance lease liabilities |  |  | 83,000 |  |  |  | 98,000 |  |  |  | 269,000 |  |  |  | 274,000 |
Total lease cost |  | $ | 4,318,000 |  |  | $ | 4,074,000 |  |  | $ | 13,001,000 |  |  | $ | 11,678,000 |
Maturity of Lease Commitments | Maturities of lease commitments at December 31, 2021 by fiscal year were as follows:
Maturity of lease liabilities |  | Operating Leases |  |  | Finance Leases |  |  | Total |
2022 - remaining three months |  | $ | 2,449,000 |  |  | $ | 714,000 |  |  | $ | 3,163,000 |
2023 |  |  | 11,460,000 |  |  |  | 2,490,000 |  |  |  | 13,950,000 |
2024 |  |  | 10,014,000 |  |  |  | 1,688,000 |  |  |  | 11,702,000 |
2025 |  |  | 10,078,000 |  |  |  | 1,194,000 |  |  |  | 11,272,000 |
2026 |  |  | 10,347,000 |  |  |  | 507,000 |  |  |  | 10,854,000 |
Thereafter |  |  | 75,113,000 |  |  |  | 51,000 |  |  |  | 75,164,000 |
Total lease payments |  |  | 119,461,000 |  |  |  | 6,644,000 |  |  |  | 126,105,000 |
Less amount representing interest |  |  | (30,730,000 | ) |  |  | (483,000 | ) |  |  | (31,213,000 | )
Present value of lease liabilities |  | $ | 88,731,000 |  |  | $ | 6,161,000 |  |  | $ | 94,892,000 |
Other Information about Leases | Other information about leases is as follows:
|  | December 31, 2021 |  |  | March 31, 2021 |
Lease term and discount rate |  |  |  |  |  |
Weighted-average remaining lease term (years): |  |  |  |  |  |
Finance leases |  |  | 3.0 |  |  |  | 3.4 |
Operating leases |  |  | 10.6 |  |  |  | 11.1 |
Weighted-average discount rate: |  |  |  |  |  |  |  |
Finance leases |  |  | 5.2 | % |  |  | 5.3 | %
Operating leases |  |  | 5.7 | % |  |  | 5.9 | %

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability and finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability and finance lease liability recognized in statement of financial position. + References No definition available. + Details
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- Definition Tabular disclosure of other information of lessees operating lease and finance lease obligations. + References No definition available. + Details
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- Definition Tabular disclosure of the lessee's operating lease and finance lease assets and liabilities disclosed in the statement of financial position. + References No definition available. + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- References No definition available. + Details
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