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Leases (Tables)

12 Months Ended

Mar. 31, 2024

Leases [Abstract]

Balance Sheet Information for Leases

Balance sheet information for leases is comprised of the following:

			March 31, 2024				March 31, 2023
Leases	Classification
Assets:
Operating	Operating lease assets		$	83,973,000			$	87,619,000
Finance	Plant and equipment			4,611,000				5,549,000
Total leased assets			$	88,584,000			$	93,168,000
Liabilities:
Current
Operating	Operating lease liabilities		$	8,319,000			$	8,767,000
Finance	Other current liabilities			1,585,000				1,851,000
Long-term
Operating	Long-term operating lease liabilities			72,240,000				79,318,000
Finance	Other liabilities			1,893,000				2,742,000
Total lease liabilities			$	84,037,000			$	92,678,000

Lease Cost Recognized in Consolidated Statement of Operations

Lease cost recognized in the consolidated statement of operations is comprised of the following:

		Years Ended March 31,
		2024				2023				2022
Lease cost
Operating lease cost		$	15,047,000			$	13,176,000			$	12,472,000
Short-term lease cost			1,263,000				1,686,000				1,462,000
Variable lease cost			667,000				761,000				1,011,000
Finance lease cost:
Amortization of finance lease assets			1,508,000				1,983,000				2,088,000
Interest on finance lease liabilities			219,000				262,000				345,000
Total lease cost		$	18,704,000			$	17,868,000			$	17,378,000

Maturity of Lease Commitments

Maturities of lease commitments at March 31, 2024 were as follows:

Maturity of lease liabilities by fiscal year		Operating Leases				Finance Leases				Total
2025		$	12,676,000			$	1,753,000			$	14,429,000
2026			12,374,000				1,015,000				13,389,000
2027			11,194,000				524,000				11,718,000
2028			10,928,000				364,000				11,292,000
2029			11,126,000				169,000				11,295,000
Thereafter			43,461,000				-				43,461,000
Total lease payments			101,759,000				3,825,000				105,584,000
Less: amount representing interest			(21,200,000	)			(347,000	)			(21,547,000	)
Present value of lease liabilities		$	80,559,000			$	3,478,000			$	84,037,000

Other Information about Leases

Other information about leases is as follows:

		March 31, 2024				March 31, 2023
Lease term and discount rate
Weighted-average remaining lease term (years):
Finance leases			2.8				2.9
Operating leases			8.3				9.0
Weighted-average discount rate:
Finance leases			6.4	%			5.9	%
Operating leases			5.8	%			5.8	%

X

- 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.

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- Definition

Tabular disclosure of other information of lessees operating lease and finance lease obligations.

+ References

No definition available.

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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.

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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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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- References

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