XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.22.2

LEASES | 3 Months Ended
--- | ---
Jun. 30, 2022
Leases [Abstract] |
LEASES | LEASES Operating Leases The following table provides balance sheet information related to operating leases:
|  | June 30, 2022 |  | March 31, 2022
Assets |  |  |  |
Operating lease, right-of-use assets |  | $ | 59,859 |  |  | $ | 63,415 |
Liabilities |  |  |  |
Operating lease liabilities, current |  | $ | 14,424 |  |  | $ | 15,485 |
Operating lease liabilities, non-current |  | 71,806 |  |  | 74,518 |
Total operating lease liabilities |  | $ | 86,230 |  |  | $ | 90,003 |
The components of lease expense were as follows:
|  |  |  | Three Months Ended June 30,
|  |  |  | 2022 |  | 2021
Operating lease expense |  |  |  | $ | 3,121 |  |  | $ | 3,459 |
Variable lease expense |  |  |  | $ | 1,587 |  |  | $ | 750 |
Short-term lease expense was immaterial during the three months ended June 30, 2022 and 2021. Cash outflows from operating leases were $4.8 million and $4.2 million, respectively, for the three months ended June 30, 2022 and 2021. The following table presents supplemental lease information:
|  | June 30, 2022 |  | March 31, 2022
Weighted average remaining lease term |  | 7.3 years |  | 7.4 years
Weighted average discount rate |  | 4.0% |  | 4.0%
The following table presents maturity of lease liabilities under the Company's non-cancellable operating leases as of June 30, 2022:
2023 |  | $ | 15,380 |
2024 |  | 13,639 |
2025 |  | 12,481 |
2026 |  | 11,292 |
2027 |  | 10,008 |
Thereafter |  | 37,350 |
Total lease payments |  | 100,150 |
Less: imputed interest |  | (13,920) |
Present value of lease liabilities |  | $ | 86,230 |
Lease Assignment In the fourth quarter of fiscal 2018, the Company entered into a lease agreement (the "Agreement") with CAP Phase I (the "Landlord"), to rent office space in San Jose, California. The lease term began on January 1, 2019. On April 30, 2019, due to the Company's rapid growth and greater than anticipated future space needs, the Company entered into an assignment and assumption (the "Assignment") of the Agreement with the Landlord and Roku Inc.("Roku"), whereby the Company assigned to Roku the Agreement. Pursuant to the Assignment, the Company was released from all of its obligations under the lease and the related standby letter of credit, which was secured by restricted cash of $0.8 million, was released in May 2022.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration