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Leases (Tables)

6 Months Ended

Sep. 30, 2022

Leases [Abstract]

Balance Sheet Information for Leases

Balance sheet information for leases is as follows:

Leases		Classification		September 30, 2022				March 31, 2022
Assets:
Operating		Operating lease assets		$	77,965,000			$	81,997,000
Finance		Plant and equipment			6,543,000				7,470,000
Total leased assets				$	84,508,000			$	89,467,000

Liabilities:
Current
Operating		Operating lease liabilities		$	6,752,000			$	6,788,000
Finance		Other current liabilities			2,082,000				2,330,000
Long-term
Operating		Long-term operating lease liabilities			78,359,000				80,803,000
Finance		Other liabilities			2,967,000				3,425,000
Total lease liabilities				$	90,160,000			$	93,346,000

Lease Cost Recognized in Consolidated Statements of Operations

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

		Three Months Ended								Six Months Ended
		September 30,								September 30,
		2022				2021				2022				2021
Lease cost
Operating lease cost		$	3,130,000			$	3,149,000			$	6,295,000			$	6,191,000
Short-term lease cost			559,000				375,000				1,013,000				751,000
Variable lease cost			179,000				210,000				364,000				491,000
Finance lease cost:
Amortization of finance lease assets			489,000				565,000				1,028,000				1,064,000
Interest on finance lease liabilities			64,000				89,000				132,000				186,000
Total lease cost		$	4,421,000			$	4,388,000			$	8,832,000			$	8,683,000

Maturity of Lease Commitments

Maturities of lease commitments at September 30, 2022 by fiscal year were as follows:

Maturity of lease liabilities		Operating Leases				Finance Leases				Total
2023 - remaining six months		$	5,925,000			$	1,273,000			$	7,198,000
2024			10,488,000				1,895,000				12,383,000
2025			10,389,000				1,394,000				11,783,000
2026			10,356,000				662,000				11,018,000
2027			10,494,000				172,000				10,666,000
Thereafter			64,621,000				33,000				64,654,000
Total lease payments			112,273,000				5,429,000				117,702,000
Less amount representing interest			(27,162,000	)			(380,000	)			(27,542,000	)
Present value of lease liabilities		$	85,111,000			$	5,049,000			$	90,160,000

Other Information about Leases

Other information about leases is as follows:

		September 30, 2022				March 31, 2022
Lease term and discount rate
Weighted-average remaining lease term (years):
Finance leases			2.8				2.9
Operating leases			9.9				10.4
Weighted-average discount rate:
Finance leases			5.4	%			5.1	%
Operating leases			5.7	%			5.7	%