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Leases (Tables)

3 Months Ended

Jun. 30, 2024

Leases [Abstract]

Balance Sheet Information for Leases

Balance sheet information for leases is as follows:

Leases		Classification		June 30, 2024				March 31, 2024
Assets:
Operating		Operating lease assets		$	77,057,000			$	83,973,000
Finance		Plant and equipment			4,239,000				4,611,000
Total leased assets				$	81,296,000			$	88,584,000
Liabilities:
Current
Operating		Operating lease liabilities		$	9,083,000			$	8,319,000
Finance		Other current liabilities			1,427,000				1,585,000
Long-term
Operating		Long-term operating lease liabilities			71,044,000				72,240,000
Finance		Other liabilities			1,577,000				1,893,000
Total lease liabilities				$	83,131,000			$	84,037,000

Lease Cost Recognized in Consolidated Statement of Operations

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

		Three Months Ended
		June 30,
		2024				2023
Lease cost
Operating lease cost		$	3,759,000			$	3,742,000
Short-term lease cost			312,000				293,000
Variable lease cost			164,000				186,000
Finance lease cost:
Amortization of finance lease assets			358,000				403,000
Interest on finance lease liabilities			51,000				62,000
Total lease cost		$	4,644,000			$	4,686,000

Maturity of Lease Commitments

Maturities of lease commitments at June 30, 2024 by fiscal year were as follows:

Maturity of lease liabilities		Operating Leases				Finance Leases				Total
2025 - remaining nine months		$	10,093,000			$	1,231,000			$	11,324,000
2026			13,272,000				1,014,000				14,286,000
2027			11,421,000				523,000				11,944,000
2028			10,929,000				363,000				11,292,000
2029			11,126,000				169,000				11,295,000
Thereafter			43,462,000				-				43,462,000
Total lease payments			100,303,000				3,300,000				103,603,000
Less amount representing interest			(20,176,000	)			(296,000	)			(20,472,000	)
Present value of lease liabilities		$	80,127,000			$	3,004,000			$	83,131,000

Other Information about Leases

Other information about leases is as follows:

		June 30, 2024				March 31, 2024
Lease term and discount rate
Weighted-average remaining lease term (years):
Finance leases			2.7				2.8
Operating leases			8.0				8.3
Weighted-average discount rate:
Finance leases			6.5	%			6.4	%
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.

+ 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
-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

No definition available.

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